# FalconX Delta

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/falconx-delta

- Industry: Financial Services
- Headquarters: San Mateo, US
- Website: www.falconx.io/
- Total disclosed funding: $360M
- Latest round: Series D (Jun 22, 2022)
- Investors on record: 10

## About

Based in California, US, and founded in 2018 by Raghu Yarlagadda and Prabhakar Reddy, FalconX Delta, Inc. provides a cryptocurrency brokerage and digital asset trading platform and operates in India and Malta. In August 2021, FalconX Limited raised USD 210 million in Series C funding by Altimeter Capital Management, Sapphire Ventures, B Capital Group and Tiger Global Management, American Express Ventures and Mirae Asset Global Investments. The Series C funding values FalconX Limited at USD 3.75 billion post-money. In June 2022, FalconX Delta, Inc. raised USD 150 million in series D funding co-led by B Capital Group and GIC, with participation from Adams Street Partners, Thoma Bravo, Tiger Global Management, and Wellington Management.

The company's platform is used for price discovery, trade execution, and transfer of value by institutional market participants, including financial institutions, hedge funds, asset managers, venture capital firms, payment providers, and investment applications. The company provides a trading platform for buying and selling cryptocurrency online and enables institutions to access short term financing for trades.

The company plans to utilize the June 2022 funding to digital asset platform for institutional investors.

## Funding rounds

- Series D, Jun 22, 2022, $150M — Adams Street Partners, GIC, Thoma Bravo, Wellington Management, Tiger Global Management, B Capital
- Series C, Aug 10, 2021, $210M — Mirae Asset Global Investments, Sapphire Ventures, Tiger Global Management, American Express Ventures, Altimeter Capital, B Capital

## Investors

- Mirae Asset Global Investments (https://capitalatlas.ai/funds/mirae-asset-global-investments) — Series C
- Sapphire Ventures (https://capitalatlas.ai/funds/sapphire-ventures) — Series C
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series C, Series D
- American Express Ventures (https://capitalatlas.ai/funds/american-express-ventures) — Series C
- Altimeter Capital (https://capitalatlas.ai/funds/altimeter-capital) — Series C
- B Capital (https://capitalatlas.ai/funds/b-capital) — Series C, Series D
- Adams Street Partners (https://capitalatlas.ai/funds/adams-street-partners) — Series D
- GIC — Series D
- Thoma Bravo (https://capitalatlas.ai/funds/thoma-bravo) — Series D
- Wellington Management (https://capitalatlas.ai/funds/wellington-management) — Series D