Ripple

Ripple provides one frictionless experience to send money globally using the power of blockchain. It offers a global real-time payment system that enables banks and financial institutions around the world to directly transact with each other without the need for a central correspondent. The company also offers FX Market Making, a solution enabling enterprises to gain access to cross-currency liquidity through a distributed network that allows foreign exchange to be externally sourced from a competitive FX marketplace or an internal FX trading desk. This minimizes FX exposure thereby lowering the volatility and counter-party risk of trades. Ripple Insights features industry updates, insider perspectives, and in-depth market analysis.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

14

$293.80M

Ripple has raised a total of $293.80M in funding over 2 rounds. Their latest funding was raised on Aug 21, 2021 from a Series B round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Aug 21, 2021	Series B	—	1	—	—	Detail
Mar 1, 2021	Series B	—	1	—	—	Detail
Apr 3, 2020	Secondary Market	—	1	—	—	Detail
Dec 20, 2019	Series C	$200M	4	Tetragon Financial Group Limited	—	Detail
May 12, 2017	Corporate Round	$200K	—	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

14

1

Ripple has made 14 investments. Their most recent investment was on Nov 30, 2022, when Keyrock raised $72M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Nov 30, 2022 Keyrock	Series B	$72M	Asset Management	—
Nov 14, 2022 Thallo	Seed	$2.50M	Blockchain	Yes
Jul 14, 2022 Supermojo	Seed	$6M	Blockchain	—
Mar 15, 2022 Hex Trust	Series B	$61M	Banking	—
Feb 10, 2022 PDAX \| Philippine Digital Asset Exchange	Series B	$50M	Cryptocurrency	—

Investors

Number of Lead Investors

Number of Investors

5

42

Ripple is funded by 42 investors. Tetragon Financial Group Limited and IDG Capital are the most recent investors.

Investor Name	Lead Investor	Funding Round
Tetragon Financial Group Limited	Yes	Series C
IDG Capital	Yes	Series A
Uday Kumar Bangalore Shivaraman	—	Series B
Azure Ventures Group	—	Series B
10X Capital	—	Secondary Market
Bossanova Investimentos	—	Series C
Route 66 Ventures	—	Series C
SBI Investment	—	Series C
Ganesh Kompella	—	Secondary Market
James Sowers	—	Secondary Market