Ripple Labs Raises $28 Million Series A from Chicago Mercantile Exchange and Seagate
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....
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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....
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....
A desire to become an "active participant" in the blockchain technology space is what drove $13bn data storage company Seagate to invest in Ripple Labs, according to its senior vice president Dave Morton. A leading maker of hard drives for desktop PC and laptops as well as servers and data centers, about half of Seagate's current value, according to Forbes, is due to its successful transition to enterprise cloud products. However, in an interview with CoinDesk Morton revealed the logistics of moving and shipping these products are currently outdated when compared to the company's more....
On August 31, 2021, Offchain Labs announced the official launch of Arbitrum One mainnet and further detailed that the company has raised $120 million in funding. The Series B financing led by Lightspeed Venture Partners gives the firm a $1.2 billion valuation. Arbitrum One Mainnet Is Now Live, Offchain Labs Raises $120 Million in Funding The highly anticipated Arbitrum One mainnet launch has been revealed by the firm Offchain Labs and the startup also detailed the company has raised $120 million in financing. Bitcoin.com News has written about the Arbitrum One Layer-2 scaling solution on a....
Ripple has secured $55 million in Series B financing from new investors that include SCB Digital Ventures (the venture arm of Siam Commercial Bank), Standard Chartered, Accenture Ventures and SBI Holdings. The company will use the funds to support growth and pursue strategic partnerships. Other investors include Santander Innoventures, the venture arms of Seagate Technology and CME Group, and Venture 51. The investment demonstrates new expertise from companies with hands-on experience with Ripple. A Boost To Cross Border Payment. Chris Larsen, Ripple CEO, said the investment will support....