Ripple Labs Raises $28 Million in Series A Financing
Payment Protocol Company Ripple Labs recently announced that it has raised $28 million in a new Series A financing round. The San Francisco-based startup attracted supports from a number of globally renowned companies, which include data storage company Seagate, derivative marketplace CME Group, and venture capital firm IDG Capital Partners. It further received investments from Jerry Yang's AME Cloud Ventures, ChinaRock Capital Management, China Growth Capital, and many other renowned investment vehicles. As Ripple Labs commits, it is going to channel these investments towards building the....
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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....
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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....
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