Ripple

TLDR

Ripple is a San Francisco-based blockchain payments company that also deploys corporate Venture Capital across the Web3 ecosystem, having invested over $600M in 70+ companies since 2015.

Overview

Ripple was founded in 2012 by Chris Larsen and Jed McCaleb and is headquartered in San Francisco, California. The company builds enterprise blockchain products on the XRP Ledger, offering cross-border payments, digital asset custody, stablecoin services, prime brokerage, and treasury management for financial institutions and businesses across 50+ countries.

Beyond its core product business, Ripple operates an active corporate venture program. Since 2015, the firm has deployed over $600M across more than 70 direct investments and 10+ limited partner fund positions. The portfolio is concentrated in Web3 infrastructure, digital asset market infrastructure, and blockchain-native companies.

Ripple has grown to 1,000+ employees across 15+ offices globally. In November 2025, the company raised $500M at a $40B valuation. Its acquisition activity has intensified in recent years, including the $250M purchase of Swiss crypto custody firm Metaco in 2023 and the acquisitions of Rail, Hidden Road, and GTreasury between 2025 and 2026.

Portfolio (Belgian-connected)

• Keyrock - Led the $72M Series B in 2022; participated again in the 2026 Series C

Notes

Ripple's investment in Keyrock at Series B and Series C confirms its strategic interest in digital asset market-making infrastructure in Europe.

Sources

• https://ripple.com/company/
• https://en.wikipedia.org/wiki/Ripple_Labs