Funding round
Ripple Series A
Ripple, which works in blockchain solutions development in San Francisco, raised $28M in a Series A round announced on 19 May 2015. 13 firms took part. It is Ripple's second venture round on record; the one before was a Seed in Jan 2013.
$28M
Amount raised
Not disclosed
Post-money valuation
13
Investors
no lead named
Valuation
What this round says about the price
Ripple did not disclose a valuation in this round. It came 28 months after Ripple's Seed. It is 3.3% of the $847M Ripple has raised in the venture rounds on record. Ripple raised again 16 months later: a Series B round of $55M in Sep 2016. 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 1 Jan 2013 $3.5M
- Series A this round 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
Investors
Who put money in
13 firms took part; no lead investor was named.
Investors
- IDG Capital backs 49 venture-backed companies new investor
- CME Group new investor
- Seagate Technology new investor
- AME Cloud Ventures backs 105 venture-backed companies new investor
- ChinaRock Capital Management new investor
- China Growth Capital new investor
- Wicklow Capital new investor
- backs 4 venture-backed companies new investor
- backs 40 venture-backed companies new investor
- backs 22 venture-backed companies new investor
- RRE Ventures new investor
- backs 26 venture-backed companies new investor
- backs 6 venture-backed companies new investor
Joined the board: Li Feng (IDG Capital Partners).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series A rounds in Cryptocurrency:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Blockchain.com Cryptocurrency | 7 Oct 2014 | $30M | not disclosed | Lightspeed Venture Partners and Wicklow Capital |
| Cryptocurrency | 6 Jan 2016 | $1.0M | not disclosed | not named |
| Blockstream Cryptocurrency | 3 Feb 2016 | $55M | not disclosed | Horizons Ventures and AXA Strategic Ventures |
| Cryptocurrency | 26 Aug 2014 | $3.0M | not disclosed | SoftBank Ventures Asia and Pantera |
Sources
Where this comes from
Reported by 9 sources.
Questions
Frequently asked
How much did Ripple raise in its Series A round?
Ripple raised $28M in its Series A round, announced in May 2015.
Which investors took part in Ripple's Series A round?
IDG Capital, CME Group, Seagate Technology, AME Cloud Ventures, ChinaRock Capital Management and China Growth Capital and 7 more.
What was Ripple's valuation at the Series A round?
It was not disclosed.
Did Ripple raise again after this round?
Yes: a Series B round in Sep 2016 of $55M.