FalconX Stock for Accredited Investors

Crypto / Web3
By UpMarket Research  |  Last updated: September 2026
CEO Raghu Yarlagadda Founded 2018 HQ San Mateo, US

FalconX is a private institutional crypto prime brokerage and digital asset trading platform. It provides liquidity, financing, credit, and clearing services to hedge funds, asset managers, and family offices. In June 2022, FalconX raised $150 million in its Series D at a $8 billion post-money valuation, led by GIC and B Capital (Reuters and WSJ).

Access to pre-IPO shares is available to accredited investors through UpMarket.

Last Reported Valuation
$8B
Series D, 06/22/22, Reuters and WSJ
UpMarket Estimate
$8B
Based on UpMarket valuation model
Previous Round Valuation
$3.75B
Series C, Aug 2021

How to Invest in FalconX Through UpMarket

FalconX shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.

Step 01

Verify accredited investor status

Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.

Step 02

Create an UpMarket account

Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.

Step 03

Review available FalconX offerings

Full offering memoranda and risk disclosures provided before any commitment is required.

Step 04

Complete subscription documents

Review and sign subscription agreement. All documents handled digitally through the platform.

Step 05

Fund your investment

Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.

Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.

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Valuation Growth Over Time

Post-money valuation by round
Previous rounds Most recent
DateRoundAmount raisedValuation
Jun 2022 Series D $150M $8B
Aug 2021 Series C $3.75B

FalconX's most recent reported round is its Series D, announced June 22, 2022. It raised $150 million at a reported post-money valuation of $8 billion, led by GIC and B Capital. Source: Reuters and WSJ. Data as of September 27, 2026.

FalconX Revenue and Growth

Annual revenue

Why Investors Are Watching FalconX

Growth Signal

FalconX reported $75M revenue in 2025

GetLatka reports FalconX reached $75M revenue in 2025, reflecting continued expansion since its 2018 launch. The company is positioned as an institutional digital asset prime broker serving trading, financing, and custody needs.

Competitive Moat

FalconX says it is the largest institutional crypto prime broker

FalconX describes itself as the leading digital asset prime broker for top institutions, emphasizing deep liquidity, financing, and advanced technology. That positioning suggests a moat built around institutional execution and product breadth.

Market Opportunity

FalconX raised $150M at an $8B valuation in 2022

PR Newswire says FalconX closed a $150M Series D in June 2022 at an $8B valuation, more than doubling its value from the $3.75B Series C in August 2021. The round was framed around rising institutional demand for reliable digital-asset execution.

Interested in FalconX stock? Fill out the form above or sign up directly. Subject to availability. Accredited investors only.

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FalconX Leadership Team

Raghu Yarlagadda
CEO
Prabhakar Reddy
Co-Founder
Joseph Hanvey
COO

UpMarket Investment Curation Process

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FalconX Stock FAQ

No. As of March 2026, FalconX is a private company and does not trade on any public stock exchange. Accredited investors can access FalconX shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.

FalconX does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.

Yes. Accredited investors can indicate interest in FalconX shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered alternative investments since 2019.

Pre-IPO investments carry significant risks. FalconX shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.

In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.

There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.

The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.

UpMarket's valuation estimate of $8B is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.

FalconX was valued at $8B in its June 2022 Series D. Accredited investors can request FalconX access through UpMarket.

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