Funding round
Ripple Series E
Ripple, which works in blockchain solutions development in San Francisco, raised $60M in a Series E round announced on 21 Sep 2021, led by Bloom8, Ajax Strategies and S2G Investments, at a $357M post-money valuation. 9 firms took part. It is Ripple's fifth venture round on record; the one before was a Series C in Dec 2019.
$60M
Amount raised
$357M
Post-money valuation
$297M pre-money
9
Investors
3 leads
0.0x
Step-up from the Series C
$10.00B in Dec 2019
17%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Ripple at $357M after the new money, 0.0 times the $10.00B of its Series C (Dec 2019). The $60M bought investors about 17% of the company. It came 21 months after Ripple's Series C. It is 7.1% of the $847M Ripple has raised in the venture rounds on record. Ripple raised again 50 months later: a Growth round of $500M in Nov 2025, at $40.00B post-money.
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 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 this round 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
Bloom8, Ajax Strategies and S2G Investments led the round with 6 other firms.
Lead investors
- backs 8 venture-backed companies new investor
- backs 15 venture-backed companies new investor
- backs 85 venture-backed companies new investor
Also in the round
- backs 100 venture-backed companies new investor
- GV backs 428 venture-backed companies new investor
- backs 62 venture-backed companies new investor
- Euclidean new investor
- backs 24 venture-backed companies new investor
- Tao Capital Partners new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Cryptocurrency, then Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Coinmerce Cryptocurrency | 12 Oct 2021 | $270M | $6.30B | Greenoaks |
| Kavak Hosting & Cloud Infrastructure Providers | 22 Sep 2021 | $700M | $8.70B | General Catalyst |
| Mirakl Tech Companies | 21 Sep 2021 | $555M | $3.50B | Silver Lake |
| SpotOn Payment Processing & Point of Sale | 13 Sep 2021 | $300M | $3.15B | Andreessen Horowitz |
| Checkr Detectives & Investigation Services | 1 Sep 2021 | $250M | $4.60B | Durable Capital Partners |
| Konfío Loans & Financing | 29 Sep 2021 | $235M | $1.30B | Tarsadia Capital and QED Investors |
| Coalition Insurance - Agents, Carriers & Brokers | 28 Sep 2021 | $205M | $3.50B | Durable Capital Partners and T. Rowe Price Associates |
| Employment Agencies & HR Consulting | 29 Sep 2021 | $200M | $1.50B | SoftBank Vision Fund and SoftBank |
Sources
Where this comes from
Reported by 5 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Ripple raise in its Series E round?
Ripple raised $60M in its Series E round, announced in Sep 2021.
Who led Ripple's Series E round?
Bloom8, Ajax Strategies and S2G Investments led it, with OurCrowd, GV, Prelude Ventures, Euclidean and Fall Line Capital and 1 more.
What was Ripple's valuation at the Series E round?
$357M post-money ($297M pre-money).
Did Ripple raise again after this round?
Yes: a Growth round in Nov 2025 of $500M at $40.00B post-money.