What is Figure?
Headquartered in San Francisco, Figure Technologies operates at the intersection of decentralized ledger technology and consumer finance. Since its inception in 2018, the firm has developed a comprehensive suite of products, including home equity lines of credit, mortgage refinancing, and personal loans. By integrating artificial intelligence with its proprietary blockchain network, Figure effectively reduces the friction inherent in traditional loan origination. This technological stack allows for rapid approvals and enhanced transparency, positioning the company as a critical innovator within the digital lending landscape. The platform serves as a full-lifecycle solution, managing everything from initial application to final securitization, thereby challenging legacy financial institutions with superior operational efficiency.
How much funding has Figure raised?
Figure has raised a total of $2.5B across 8 funding rounds:
Series A
$50M
Multiple Rounds
$1.2B
Debt
$100M
Series D
$200M
Other Financing Round
$200M
IPO
$787.5M
Series A (2018): $50M with participation from DCM Ventures, Mithril Capital Management, and Ribbit Capital
Series B (2019): $65M led by DST Global, DCG, DCM Ventures, Nimble Ventures, RPM Ventures, Morgan Creek Capital Management, and Ribbit Capital
Debt (2019): $1B supported by WSFS Institutional Services and Jefferies Financial Group
Series C (2019): $103M featuring Morgan Creek Digital and MUFG Innovation Partners
Debt (2021): $100M backed by JPMorgan Chase & Co.
Series D (2021): $200M with participation from Digital Currency Group, 10T Holdings, Morgan Creek Digital, HCM Capital, and DCM
Other Financing Round (2025): $200M led by Sixth Street
IPO (2025): $787.5M supported by Ribbit Capital
Key Investors in Figure
Ribbit Capital
A venture capital firm based in Palo Alto that focuses on global investments in disruptive financial services brands and innovative entrepreneurs.
DST Global
A prominent global investment group that exclusively targets internet-related companies and high-growth digital platforms.
Mithril Capital Management
A long-term venture capital firm co-founded by Ajay Royan and Peter Thiel, specializing in technology-driven businesses ripe for industry transformation.
What's next for Figure?
With the successful closure of this major strategic investment, Figure is well-positioned to scale its Provenance Blockchain ecosystem and expand its footprint in the consumer credit market. The company's trajectory suggests a continued focus on reducing systemic costs and improving the end-user experience through advanced analytics. As Figure matures, the strategic deployment of this capital will likely prioritize the enhancement of its payment solutions and the broadening of its institutional lending partnerships, further cementing its role as a foundational layer for the next generation of blockchain-based financial services.
See full Figure company page
