Ripple Funding: A Comprehensive Guide to Ripple‘s Funding History and Sources252

Ripple is a blockchain technology company that develops and provides services for cross-border payments. The company has raised significant funding over the years to support its operations and growth. This article provides a comprehensive guide to Ripple's funding history and sources.

Early Funding

Ripple was founded in 2012 by Chris Larsen and Jed McCaleb. The company initially raised $1.5 million in seed funding from angel investors and venture capital firms. This funding was used to develop the Ripple protocol and launch the first version of the Ripple network.

Series A Funding

In 2013, Ripple raised $9 million in Series A funding. The funding round was led by Andreessen Horowitz and included participation from Google Ventures and IDG Ventures.

Series B Funding

In 2015, Ripple raised $32 million in Series B funding. The funding round was led by RRE Ventures and included participation from SBI Group and Ribbit Capital.

Series C Funding

In 2016, Ripple raised $55 million in Series C funding. The funding round was led by Tetragon Financial Group and included participation from SCB Group and Accenture.

Series D Funding

In 2017, Ripple raised $100 million in Series D funding. The funding round was led by SBI Holdings and included participation from SCB Group and Tetragon Financial Group.

Strategic Partnerships

In addition to its venture capital funding, Ripple has also formed strategic partnerships with a number of banks and financial institutions. These partnerships have provided Ripple with access to capital and resources to support its growth.

Key Investors

Ripple's key investors include:
Andreessen Horowitz
Google Ventures
RRE Ventures
SBI Group
Ribbit Capital
Tetragon Financial Group
SCB Group
Accenture

Total Funding Raised

To date, Ripple has raised a total of approximately $200 million in funding from venture capital firms and strategic partners.

Conclusion

Ripple has raised significant funding over the years to support its operations and growth. The company's strong funding position has allowed it to develop innovative blockchain technology and build a global network of partners. Ripple is well-positioned to continue to play a leading role in the development of the blockchain industry.

2025-01-28

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