Ribbit Capital, a venture capital firm known for its fintech investment, raised $500 million to a new fund filed by the Securities and Exchange Commission (SEC) (SEC).
New Capital appears to be part of the latest flagship fund of Palo Alto-based venture capital firm titled Ribbit Capital Y, The SEC filing suggestion.
In 2023, Rib Capital Raised $800 millionIt is reported Ten Flags FundRibbit Capital X.
The venture has invested (and exited) some of the world’s largest fintech startups, including Nubank, Sunstrucy and Robinhood. In addition to supporting North American startups, the company has invested in fintech in emerging markets, including India such as Cred, Fi, Groww, Razorpay and Phonepe. It also invests in crypto-focused companies including companies such as Coinbase, Coinswitch and Uniswap.
Interestingly, Ribbit Capital has significantly less funding recently than $1.15 billion in vehicles It was raised in 2022. The company has been busy for a year and has closed deals even in markets like Latin America to take advantage of the global 2021 VC Boom.
However, since its inception in 2012, Ribbit Capital has supported 243 investments and led 90. Available On crunchbase. Enterprise blockchain launch Crossmint’s 23.6 million rounds It is the latest leadership led by Ribbit Capital earlier this week.
The company also withdrew 24 investments under Crunchbase.
Fundraising is another signal that Once close to the fintech zone Back to the rise. Other signs include Planned International Purchase IPO Pay Now Pay Later Dear Krana and rise Ramp valuation and stripe. There is a serviceTitan after December blockbuster IPO This is a good sign for other fintechs.
Ribbit Capital did not respond to a request for comment.
