Ripple Labs Nears Close of $30 Million Funding Round
Ripple Labs, the company behind the Ripple protocol and the Codius smart contract platform, is close to finalizing the deal on a new $30 Million USD funding round. Wall Street Journal's Venture Capital blog reports that it has received confirmation from Ripple labs that it is working on closing the deal for its Series B funding round. According to their analysis, the deal would give Ripple Labs (RL) a post-money valuation of $100 million. This valuation stands in contrast to the apparent market valuation of XRP, the token which fuels the Ripple protocol. The company's primary value comes....
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Ripple Labs CEO Chris Larsen sent the digital currency community buzzing this week when he tweeted that Ripple Labs is working with Western Union on real-time payment settlements. Many view such a partnership as a sign of Western Union's willingness to become more active in the digital currency space. The partnership also signifies a growing recognition of Ripple Labs' open protocol that lets people send digital currency across the Internet-based distributed network. Ripple Labs signed an agreement in the fall with two U. S. banks (Cross River Bank in New Jersey and Kansas-based CBW Bank)....
Ripple Labs, the creator of the international payment network and digital currency Ripple (XRP), has raised a $28 million series A funding round. The funding round featured many strategic investors including the venture arm of Chicago Mercantile Exchange & Chicago Board of Trade (CME Group Inc.), one of the largest security and future exchange operators in the United States. Other notable investors in the round are Chinese venture capital firm IDG Capital Partners and the global data storage company Seagate Technology. Previous investors into Ripple Labs including Barry Silbert's Bitcoin....
Digital currency startup Ripple Labs announced today that it has closed a new $28m Series A funding round. The company drew support from a mixture of new and existing investors, including the venture arms of US futures and options exchange CME Group and data storage firm Seagate Technology. Other participants in the round include AME Cloud Ventures, ChinaRock Capital Management, China Growth Capital, Wicklow Capital, Bitcoin Opportunity Corp., Core Innovation Capital, Route 66 Ventures, RRE Ventures, Vast Ventures and Venture 51. The company said that it planned to use the funds to fuel....
San Francisco-based Ripple announced it has received $55 million in a Series B funding round. The capital injection makes the startup one of the largest funded blockchain-based projects in the industry. $55 Million Gives Ripple Labs ‘Tons of Runway’. The permissioned blockchain has continued to make progress since its current incarnation launched in....
Eclipsing their first round of $1 million, Bware Labs, a platform that helps create decentralized API infrastructure, has seen a follow-up round reach a total of $6 million in investments. Bringing their total amount raised up to $7 million, this funding gives Bware Labs the ability to boost their production speed, moving swiftly into their […]