Funding round
Ripple Seed
Ripple, which works in blockchain solutions development in San Francisco, raised $3.5M in a Seed round announced on 1 Jan 2013. It is Ripple's first venture round on record.
$3.5M
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Ripple did not disclose a valuation in this round. It is Ripple's first venture round on record, in the year it was founded (2013). It is under 1% of the $847M Ripple has raised in the venture rounds on record. Ripple raised again 28 months later: a Series A round of $28M in May 2015. Its next priced round, a Series C in Dec 2019, valued it at $10.00B.
Ripple's funding rounds
Ripple has 6 venture rounds on record and 1 other deal. This one is highlighted.
- Seed this round 1 Jan 2013 $3.5M
- Series A 19 May 2015 $28M
- Series B 15 Sep 2016, led by SBI Holdings $55M
- Series C 20 Dec 2019, led by Tetragon $200M$10.00B post-money
- Series E 21 Sep 2021, led by Bloom8, Ajax Strategies and S2G Investments $60M$357M post-money
- Growth 5 Nov 2025, led by Fortress Investment Group and Citadel Securities $500M$40.00B post-money
- Debt not a venture round 19 Aug 2026 $275M
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Cryptocurrency, then Seed rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cryptocurrency | 1 May 2013 | $3.0M | not disclosed | not named |
| Cryptocurrency | 20 Jan 2014 | $400K | not disclosed | dfj |
| Newspapers & Magazines | 1 Jan 2013 | $6.5M | not disclosed | not named |
| Underwear & Lingerie | 1 Jan 2013 | $5.6M | not disclosed | not named |
| Netskope Tech Companies | 1 Jan 2013 | $5.5M | not disclosed | Social Capital |
| Tech Companies | 22 Jan 2013 | $2.3M | not disclosed | not named |
| Locksmiths | 1 Jan 2013 | $2.3M | not disclosed | Battery Ventures |
| Oura Medical Supply Manufacturers | 1 Jan 2013 | $2.3M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Ripple raise in its Seed round?
Ripple raised $3.5M in its Seed round, announced in Jan 2013.
What was Ripple's valuation at the Seed round?
It was not disclosed.
Did Ripple raise again after this round?
Yes: a Series A round in May 2015 of $28M.