SEC Filing Reveals Ribbit Capital’s Goal to Raise $420 Million Towards New Fund

2018-9-13 18:14

Ribbit Capital is a venture capital firm that is located in the United States, and they include a wide range of cryptocurrency and blockchain projects that they have supported. Recently, they added a new venture to their goals, voicing their need for a $420 million fund, based on a report on September 12th.

This will be the fifth venture with Ribbit, though partners are limited at this time, despite being $120 million higher than last year. The company was first created in 2012, and even elicited the attention of Coinbase, Robinhood, Credit Karma, and Root Insurance. They have even invested in Andreessen Horowitz, Battery Ventures, and Cross River Bank, establishing a “sole link” between these types of companies.

Back in April, the UK saw the rise of a banking app called Revolut, which managed to host a Series C investment round that accrued a total of $250 million. The investment round was led by Ribbit Capital, DST Global, and Index Ventures. As a result of the investment round, the company was officially valued at $1.7 billion, which makes them something like a unicorn in the industry. A startup reaching over $1 billion is basically unheard of, but Revolut did it.

Robinhood raised $363 million in their series D funding round in February, following it with a series C round that made $110 million. After the rounds, Robinhood reached a new height in their company’s value, which was $5.6 billion. At this point, they are presently the second-most valuable startup in the fintech industry in the United States in its entirety.

Coinbase has been a leader in the industry for years, concerning crypto exchanges and wallet services. They also launched Coinbase Pro and opened the door for trading with four new crypto pairs on their exchange.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

First Bitcoin Capital (BITCF) на Currencies.ru

$ 0.01244 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0.01244 - H: $0.01244
Капитализация $0 Rank 99999
Цена в час новости $ 0.0573482 (-78.31%)

capital venture fund new ribbit 420 million

capital venture → Результатов: 126


Фото:

Buying Cryptocurrency Is Equivalent to Jumping Into a Kickstarter for Societal Transformation

Tim Draper, the famous venture capital investor from California, says he wants to inspire superheroes to walk with him on the road to changing the world as we know it. He believes that buying a cryptocurrency is the same as jumping into a kickstarter for societal transformation, one he will do his best to see […] The post Buying Cryptocurrency Is Equivalent to Jumping Into a Kickstarter for Societal Transformation appeared first on NullTX.

2018-9-11 18:00


Bitmax.io will start mining soon

BitMax. io, an innovative digital asset trading platform, has  reportedly completed its launch and will start mining soon. It has completed the early stage financing round about two months ago with strategic investments from many of the industry’s top venture capital institutions including FBG Capital, BitMain, Matrix Partners China, GBIC, Perseverance Capital and Kratos Partners.

2018-9-6 16:25


Фото:

China Officially Bans All Crypto-Related Commercial Activities

China’s most popular messaging app, WeChat, has been asked to shut down the accounts of several blockchain and crypto-related news outlets as new regulations are enforced.   China Makes Ban Official According to the latest tweet by Dovey Wan — the Managing Director of Dhanua Capital, a California-based venture capital fund — the Chinese government authorities have released an official order asking to ban all the cryptocurrency-related commercial activities and events.

2018-8-22 21:00


Блокчейн-стартап Atlas Protocol привлек инвестиции от Baidu и SoftBank

Маркетинговая блокчейн-платформа Atlas Protocol (ATP) привлекла несколько миллионов долларов в ходе раунда посевного инвестирования, возглавляемого SoftBank China Venture Capital (SBCVC). Об этом сообщается в пресс-релизе.

2018-8-21 16:03