# Figment: Computer & network security, Toronto, Canada

> Figment: Figment is a leading independent provider of blockchain staking infrastructure, specializing in enterprise-grade node and staking solutions for...

Source: https://millionrounds.com/startup/figment-4 (Millionrounds; every figure on the page links to its filing or article)

Canada · [Computer & network security startup](https://millionrounds.com/companies)

# Figment

Figment is a leading independent provider of blockchain staking infrastructure, specializing in enterprise-grade node and staking solutions for Proof-of-Stake (PoS) networks.

Funding reported Last round: Venture (Round not Specified)

Computer & network security Toronto, Canada

Company summary

- **Founded:** 2018 8 years old
- **Team:** 160 51 to 200 people
- **Funding reported:** 165M as listed, currency not stated
- **Last round:** Venture (Round not Specified) Oct 2025

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Figment has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Figment

Figment is a leading independent provider of blockchain staking infrastructure, specializing in enterprise-grade node and staking solutions for Proof-of-Stake (PoS) networks.

Founded in 2018 and based in Toronto, Canada, Figment has become one of the largest non-custodial staking providers globally, supporting over $15 billion in assets staked through its platform. The company serves more than 1,000 institutional clients, including asset managers, cryptocurrency exchanges, and digital wallet providers. Figment offers a comprehensive staking solution that includes non-custodial staking infrastructure, an institutional staking platform, and developer-friendly APIs. Its services enable clients to securely earn rewards on their digital assets while retaining control of their private keys. The company is committed to supporting the growth and long-term success of the digital asset ecosystem, focusing on the adoption of next-generation PoS blockchains. With a valuation of approximately $1.4 billion and a strong emphasis on security and scalability, Figment plays a crucial role in the blockchain infrastructure landscape.

## What company datasets say Figment raised

Funding, as reported

Reported in all **165M** in the source's currency

Last round **Venture (Round not Specified)**

Last round date **Oct 2025**

Investors listed **3**

## Founders and team

From Figment's own website: 3 founders, 4 on the team.

**Lorien Gabel** CEO & Co-Founder

**Andrew Cronk** CPO & Co-Founder

**Matt Harrop** CTO & Co-Founder

- **Annalea Sanders** COO & Security Officer
- **Britton Ballard** Director of Security
- **Eme Housser** General Counsel
- **Max Courchesne-Mackie** Director of Security Engineering

## On 10 portfolio pages

Investors who name them

- [Bonfire Ventures](https://millionrounds.com/fund/bonfire-ventures)
- [AppWorks](https://millionrounds.com/fund/appworks)
- [3cubed VC](https://millionrounds.com/fund/3cubed-llc)
- [XDL Capital Group](https://millionrounds.com/fund/xdl-capital-group)
- [Prota Ventures](https://millionrounds.com/fund/prota-ventures)
- [Warburg Serres](https://millionrounds.com/fund/warburg-serres)
- [TenSquared Capital](https://millionrounds.com/fund/tensquared-capital)
- [Archetype](https://millionrounds.com/fund/archetype)
- [ParaFi Capital](https://millionrounds.com/fund/parafi)
- [Blocktree Capital](https://millionrounds.com/fund/blocktree-capital)

Each firm lists Figment on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

decentralized finance custodians emerging protocols security enterprise-grade infrastructure regulatory complianice crypto exchanges smart contracts bitcoin staking staking for institutions staking rewards dynamics staking api for developers enterprises stakeholder engagement staking client support staking rewards calculator

Built with from their website

GitHub Actions Docker Adobe Google Tag Manager dbt WordPress.org AWS Trusted Advisor Microsoft Distributed File System Atlassian WOW

+8 more

Linkedin Insight Tag DataTables Font Awesome Elementor GitHub Google Workspace CloudFlare Viewport Meta

- **Sector:** Computer & network security
- **Industry code:** NAICS 54151, 51821, SIC 7375, 7374
- **Region:** Ontario
- **Revenue:** 100M a year, as listed

## Computer & network security in Canada

Startups like it

- [**1Password** Toronto · founded 2005 *Raised*](https://millionrounds.com/company/1password)
- [**Corsa Security** Ottawa · founded 2013 *Raised*](https://millionrounds.com/company/corsa-security)
- [**HYAS** Vancouver · founded 2015 *Raised*](https://millionrounds.com/company/hyas)
- [**Axelar Network** McNab/Braeside · founded 2020](https://millionrounds.com/startup/axelar-network)
- [**IntelliGO Networks Inc** Toronto · founded 2005](https://millionrounds.com/startup/intelligo-networks-inc)
- [**ISARA Corporation** Waterloo · founded 2015](https://millionrounds.com/startup/isara-corporation)
- [**Qohash** Quebec · founded 2018](https://millionrounds.com/startup/qohash)
- [**Mondata** Quebec · founded 2018](https://millionrounds.com/startup/mondata-2)

## Is this your company?

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