May Private Market Update
Ripple was founded in 2012 by Chris Larsen and Jed McCaleb. According to CNBC, the company acquired an overseas crypto company called Metco for $250 million in May 2023. Metco is a Swiss firm that holds digital assets for clients. Ripple has not officially endorsed a plan to participate in an IPO.
Ripple is a global blockchain-based real-time financial settlement services network, that allows individuals to exchange money regardless of location or particular bank. Ripple has raised a total of $300 million across 2 funds. This series B fund was announced on Sep 29, 2021, and raised a total of $250 million from lead investor The K Fund. Per Forge Data, Ripple has a valuation of $15 billion as of January 2022.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
| Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
|---|---|---|---|---|---|---|
| 12/20/2019 | Series C | $200MM | $xx.xx | $9.99B | Route 66 Ventures, Sbi Holdings, Tetragon | |
|
Price per Share
$xx.xx
Shares Outstanding
3,252,789
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
3.8%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Route 66 Ventures, Sbi Holdings, Tetragon
|
||||||
| 09/15/2016 | Series B | $52.46MM | $xx.xx | $398.39MM | Abstract Ventures, Accenture Ventures, Cme Ventures, Kg Investments, Nkm Capital, Santander Innoventures, Sbi Holdings, Scb Digital Ventures, Seagate Venture Fund, Standard Chartered, Venture 51 | |
|
Price per Share
$xx.xx
Shares Outstanding
27,528,376
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Abstract Ventures, Accenture Ventures, Cme Ventures, Kg Investments, Nkm Capital, Santander Innoventures, Sbi Holdings, Scb Digital Ventures, Seagate Venture Fund, Standard Chartered, Venture 51
|
||||||
| 10/06/2015 | Series A | $40.63MM | $xx.xx | $162.53MM | Ame Cloud Ventures, Bitcoin Opportunity Corp, China Growth Capital, Chinarock Capital Management, Cme Group, Core Innovation Capital, Route 66 Ventures, Rre Ventures, Santander, Seagate Technology, Vast Ventures, Venture 51, Wicklow Capital | |
|
Price per Share
$xx.xx
Shares Outstanding
45,633,788
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Ame Cloud Ventures, Bitcoin Opportunity Corp, China Growth Capital, Chinarock Capital Management, Cme Group, Core Innovation Capital, Route 66 Ventures, Rre Ventures, Santander, Seagate Technology, Vast Ventures, Venture 51, Wicklow Capital
|
||||||
In the past decade and a half or so, cryptocurrencies and blockchain have rapidly evolved from niche areas of finance and technology into more of the mainstream. And not only have cryptocurrencies like Bitcoin attracted significant investor interest, but so have many companies that provide technology and services around digital assets.
| Last Funding Round | ||||||||
|---|---|---|---|---|---|---|---|---|
| Company | Forge Price | Forge Price Change 5 | Last Closed Trade | Share Class | Post-Money Valuation | Price per Share | Amount Raised | |
 | Anduril | $42.52 | +44.33% | $xx.xx | Series G | $28B | $xx.xx | $2.58B |
 | Cerebras | $29.93 | +0.03% | $xx.xx | Series F-1 | $2.87B | $xx.xx | $420MM |
 | Discord | $239.72 | +6.61% | $xx.xx | Series I | $15.2B | $xx.xx | $500MM |
 | Klarna | $37.31 | +21.02% | $xx.xx | Unknown | -- | -- | -- |
 | Kraken | $23.45 | +0.77% | $xx.xx | Series B | $5.52B | $xx.xx | $52.5MM |
 | Figure | $5.76 | +7.87% | $xx.xx | Series D | $3.33B | $xx.xx | $220MM |
 | Liquid Death | $9.00 | -6.25% | $xx.xx | Series F-1 | $1.4B | $xx.xx | $67.61MM |
 | Figma | $38.00 | +0.03% | $xx.xx | Series E | $10B | $xx.xx | $200MM |
 | Circle | $30.00 | +17.65% | $xx.xx | Series F | $8.05B | $xx.xx | $401MM |
 | Chime | $31.50 | +0.8% | $xx.xx | Series G | $24.93B | $xx.xx | $1.1B |
Updated on: May 6, 2025
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