Total amount raised
$290.7 Million
Latest funding date
12/1/2019
Location
Ripple has successfully raised funding over 16 rounds, attracting investments from notable firms such as Citadel Securities, Brevan Howard Asset Management, and Galaxy Digital. The company specializes in stablecoin-powered cross-border payments and digital asset custody solutions, making significant strides in modernizing financial infrastructure.
Ripple's fundraising journey includes a series of strategic investments and acquisitions, with the latest funding coming from a Venture - Series Unknown round. Keep reading to explore the intricacies of Ripple's fundraising journey and the investors backing this innovative platform.
What Is Ripple?
Ripple, headquartered in San Francisco, California, is a prominent player in the blockchain and cryptocurrency industry. The company specializes in stablecoin-powered cross-border payments and digital asset custody solutions, serving a wide range of sectors including fintech, foreign exchange trading, and Web3.
With an employee count ranging between 501-1000, Ripple has made significant strides in modernizing financial infrastructure. The company offers fast payment settlements, extensive custody wallet services, and substantial global FX market coverage, catering to financial institutions, crypto businesses, and payment service providers.
How Much Funding Has Ripple Raised?
- Round Name: Series B
- Amount Raised: USD 55,000,000
- Date: September 2016
- Lead Investors: SBI Investment
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Ripple's cross-border payment solutions and enhance digital asset custody services.
- Round Name: Corporate Round
- Amount Raised: USD 200,000
- Date: May 2017
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational costs and minor strategic initiatives.
- Round Name: Series C
- Amount Raised: USD 200,000,000
- Date: December 2019
- Lead Investors: Tetragon Financial Group Limited, SBI Holdings, Route 66 Ventures
- Valuation at Round: USD 10,000,000,000
- Motivation Behind the Round: To expedite the hiring of global talent, support the opening of overseas offices, and promote the adoption of XRP among financial institutions.
- Round Name: Series B
- Date: March 2021
- Investor Count: 3
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop Ripple's technology and expand its market reach.
- Round Name: Series Unknown
- Amount Raised: USD 500,000,000
- Date: November 2025
- Lead Investors: Brevan Howard Asset Management, Fortress Investment Group, Galaxy Digital, Marshall Wace, Pantera Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand cross-border payment solutions and enhance digital asset custody services.
- Round Name: Series Unknown
- Date: October 2025
- Lead Investors: C1Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operational and strategic initiatives.
Total Amount Raised: USD 755,200,000. Current Valuation: USD 10,000,000,000.
Key Investors
- Brevan Howard Asset Management
- Details: Brevan Howard Asset Management is a global alternative investment management firm. It specializes in macro trading strategies and has a strong presence in the financial markets.
- Investment Focus Areas: Macro trading, financial markets, alternative investments.
- Notable Investments: Ripple.
- Fortress Investment Group
- Details: Fortress Investment Group is a leading, highly diversified global investment manager. It manages assets on behalf of over 1,800 institutional clients and private investors worldwide.
- Investment Focus Areas: Private equity, credit, real estate.
- Notable Investments: Ripple.
- Galaxy Digital
- Details: Galaxy Digital is a diversified financial services and investment management company in the digital asset, cryptocurrency, and blockchain technology sectors. It was founded by Mike Novogratz.
- Investment Focus Areas: Digital assets, cryptocurrency, blockchain technology.
- Notable Investments: Ripple.
- Marshall Wace
- Details: Marshall Wace is a global alternative investment manager specializing in long/short equity strategies. It is one of the world's largest hedge fund managers.
- Investment Focus Areas: Long/short equity, hedge funds, alternative investments.
- Notable Investments: Ripple.
- Pantera Capital
- Details: Pantera Capital is an investment firm focused exclusively on ventures, tokens, and projects related to blockchain technology, digital currency, and crypto assets. It was founded by Dan Morehead.
- Investment Focus Areas: Blockchain technology, digital currency, crypto assets.
- Notable Investments: Ripple.
What's Next for Ripple?
Ripple's future is brimming with opportunities, driven by its robust financial backing and innovative technology. The company aims to expand its global payments network, RippleNet, and develop the Internet of Value (IoV) to enable seamless value transfer globally. With plans to hire new global talent and enhance the Xpring platform for developers, Ripple is poised for significant growth.
Future fundraising opportunities look promising, given the successful Series C funding round and the company's strong financial position. Ripple's industry leadership and the increasing adoption of blockchain technology make it an attractive candidate for further investment. However, the company may face challenges such as competition from other blockchain firms and regulatory hurdles.
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