Figment Capital: A $16M Fund Dedicated to Growing Web 3

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We are thrilled to announce Figment Capital, the $16M investment arm of Figment Inc. This fund will be dedicated to fueling the growth of new decentralized protocols & applications with more than capital: we bring a wealth of experience, connections, and expertise in the Web 3 space that we want to invest in fledgeling projects. 

figment capital

How We Got Here

Figment Capital has been around for longer than you would think. In fact, it was the first idea for our company back in 2018. We realized quickly that for the space to be successful, it needed high-quality, stable infrastructure - not just infusions of cash.  We put our experience building and scaling Internet infrastructure to work, and built  staking services and node infrastructure on Proof of Stake networks like Cosmos, Terra, and Livepeer. This had the dual benefit of furthering Web 3 as well as building a deep technical knowledge base within Figment.

More Skin in the Game

Now in 2021, Figment’s staking & node infrastructure, software & developer tooling, and educational communities all support thousands of token holders and developers investing in and building on Web 3 technologies. Deploying capital and taking a strategic approach to token ownership is the next step to maintain and grow Web 3’s current and future protocols and communities. 

More Than a VC

Figment Capital will be the investment arm of the Figment stack. The capital we supply will supercharge our existing support for new blockchain protocols and applications as infrastructure providers and community partners.

The Figment stack supporting Web 3:

  • Enterprise-grade staking and node infrastructure across 35+ mainnet and testnet blockchains.
  • DataHub - Read/write nodes and enriched APIs across 11 mainnet blockchains.
  • Hubble - Blockchain explorer and staking indexer across 12 mainnet blockchains.
  • Active ecosystem participant contributing to governance proposals/votes.
  • Community partner that regularly hosts AMAs and events for token holders and developers.
  • Educational partner building out the Web 3 Knowledge Base and producing 100s of pieces of unique content a year.

And now, a capital contributor dedicated to growing the Web 3 ecosystem at the earliest stage. 

As an operator investor, pre-launch partner, and active ecosystem participant, we will provide more value to early-stage projects than more traditional investments from hands-off VC funds will.

“Over the past 3 years, we’ve helped launch and support over 35 blockchains, while onboarding 1000s of developers into the larger Web 3 ecosystem. The missing piece was the ability to contribute early stage capital to high-quality teams and projects. With Figment Capital, we will now be able to fully support the launch of new Web 3 protocols and applications from testnet to mainnet and beyond as an active infrastructure provider, partner, and investor.”

Lorien Gabel, Figment CEO

Areas of particular interest for Figment Capital include:

  • New Layer 1 & 2 protocols
  • Privacy-focused technology
  • Identity solutions
  • Infrastructure
  • DeFi protocols
  • NFT platforms
  • Your paradigm-shifting new tech

Providing Value at Every Step

We see active participation as paramount to the success and long term growth of Web 3. There’s a surplus of passive capital in a space that needs builders. Figment is a team of builders, and the capital we provide to teams and projects is the first step to supporting new projects up and down our stack. 

Fellow builders, if this sparks your interest, we would love to hear from you. Together, we’re building a better Internet.

Figment: Blockchain Simplified

At Figment, our mission is to create an Internet that is truly decentralized where users can freely interact, share, collaborate, and exchange goods and services in a trustless environment. We offer staking, middleware, and application layer solutions for token holders and developers investing in and building on Web 3 technologies.

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