Total amount raised
$290.7 Millions
Latest funding date
12/1/2019
Location
Ripple has successfully raised significant capital through multiple funding rounds, attracting a diverse group of investors. The company specializes in providing digital asset infrastructure for financial services, focusing on real-time cross-border payments and liquidity management.
Keep reading to explore the intricacies of Ripple's fundraising journey and the investors backing this innovative platform.
What Is Ripple?
Ripple, founded in 2012, is a technology company based in San Francisco, California. The company was established by Arthur Britto, Chris Larsen, Jed McCaleb, and Ryan Fugger.
Ripple specializes in providing solutions for cross-border payments, crypto liquidity, and central bank digital currency. Their platform enables banks and financial institutions to transact directly without a central correspondent.
With a workforce of 501-1000 employees, Ripple continues to innovate in the financial services sector, offering products like RippleNet, OnDemand Liquidity, and the XRP Ledger.
How Much Funding Has Ripple Raised?
- Series A
- Amount Raised: $4M
- Date: October 2015
- Lead Investors: Mouro Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Ripple's technology and market reach.
- Series B
- Amount Raised: $55M
- Date: September 2016
- Lead Investors: SBI Investment
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the adoption of Ripple's technology in the financial sector.
- Corporate Round
- Amount Raised: $200K
- Date: May 2017
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operational costs and minor expansions.
- Series C
- Amount Raised: $200M
- Date: December 2019
- Lead Investors: Tetragon Financial Group Limited
- Valuation at Round: $10 billion
- Motivation Behind the Round: To expedite the hiring of global talent and better serve customers and partners.
- Series B
- Amount Raised: Not publicly disclosed
- Date: March 2021
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop Ripple's technology and expand its market presence.
- Series B
- Amount Raised: Not publicly disclosed
- Date: August 2021
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling operations and technology development.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: September 2023
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for existing shareholders and support ongoing operations.
Total Amount Raised: $259.2M
Current Valuation: $10 billion
Key Investors
- Tetragon Financial Group Limited
- Details: Tetragon Financial Group Limited is a closed-ended investment company that invests in a broad range of assets, including public and private equity, credit, convertible bonds, and real estate. The firm aims to deliver attractive returns to its shareholders through a diversified portfolio.
- Investment Focus Areas: Public and private equity, credit, real estate
- Notable Investments: Polygon, Bitstamp, Ripple
- SBI Investment
- Details: SBI Investment is the venture capital arm of SBI Holdings, a financial services company based in Japan. The firm focuses on early-stage investments in innovative sectors.
- Investment Focus Areas: Financial services, technology, biotechnology
- Notable Investments: Ripple, R3, Kraken
- Mouro Capital
- Details: Mouro Capital is a venture capital firm that focuses on fintech and adjacent sectors. It was formerly known as Santander Innoventures and aims to support innovative financial services companies.
- Investment Focus Areas: Fintech, blockchain, digital banking
- Notable Investments: Ripple, Tradeshift, Upgrade
- Route 66 Ventures
- Details: Route 66 Ventures is a private investment firm that provides capital to early and growth-stage companies in the financial services sector. The firm is based in Alexandria, Virginia.
- Investment Focus Areas: Financial services, fintech, insurance
- Notable Investments: Ripple, Kabbage, Orchard
- Andreessen Horowitz
- Details: Andreessen Horowitz, also known as a16z, is a private venture capital firm based in Silicon Valley. The firm invests in both early-stage startups and established growth companies.
- Investment Focus Areas: Technology, fintech, healthcare
- Notable Investments: Coinbase, Facebook, Airbnb
What's Next for Ripple?
Ripple's future is brimming with opportunities, particularly in expanding its global payments network, RippleNet, which already boasts over 300 customers. The company's strategic partnership with MoneyGram and its focus on hiring global talent signal a robust growth trajectory. With the cross-border payments market valued in the trillions, Ripple's potential for market penetration is immense.
Future fundraising seems promising, given the successful $200 million Series C round. Additional rounds or strategic investments could further bolster Ripple's market presence. However, challenges such as regulatory scrutiny and competition from other fintech companies remain. Navigating these hurdles will be crucial for Ripple's sustained growth.
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