Private Valuation & Funding Round Tracker · Ripple

Ripple Labs funding rounds & valuation history

Name: Ripple Funding Rounds & Valuation History
Creator: growthnavigatefunding.net

Ripple Labs, the San Francisco crypto payments company behind much of the XRP Ledger ecosystem, from its 2015 Series A to its 2025 round at $40B, and the company buybacks that set its price in between.

Last updated: 13 Nov 2026 (IST). Every figure re-checked against the linked sources that day. Rows: 7 Currency: US$, nominal

⬇ Download CSV Cite this dataset Methodology & status definitions

Last closed round Closed

$40B

$500M, 5 Nov 2025 (Ripple)

Latest buyback Tender

~$50B

Up to $750M, Mar 2026 (reported)

Up-step, 2019→2025

4.0×

$40B vs $10B Series C (GNF calc.)

Shares repurchased

>25%

Of outstanding shares, in recent years (Ripple)

Round history

Newest first. Dashed badges and striped rows are not closed transactions. “—” means the source does not disclose the figure or it cannot be computed on the same basis; see the note in each row.

Ripple Labs funding rounds and buybacks, May 2015 to March 2026
Date	Status	Round	Amount	Lead / buyer	Valuation	Val. ÷ run-rate	Source
11 Mar 2026	Tender	Share buyback (tender offer)A buyback, not new money. Final take-up not reported in sources read.	Up to $750MCompany buying back shares from investors and employees; expected to run through April 2026	—Not disclosed	~$50BA person familiar with the matter (CoinDesk, The Block); first reported by Bloomberg (Fortune)	—Not disclosedTender price, not a new round; no multiple	CoinDesk, 11 Mar 2026Also: The Block, 11 Mar 2026, Fortune, 12 Mar 2026
5 Nov 2025	Closed round	Strategic investmentNew common equity (Ripple). No run-rate in the announcement, so no multiple. Step-up is against the 2019 Series C, the prior closed round.	$500M	Funds managed by affiliates of Fortress Investment Group; affiliates of Citadel SecuritiesAlso: Pantera Capital, Galaxy Digital, Brevan Howard, Marshall Wace	$40BStated by Ripple; pre- or post-money not stated4.00× vs prior closed	—Not disclosedNo run-rate stated in the announcement	Ripple, 5 Nov 2025
Sep 2025	Tender	Share buyback (tender offer)Month per The Information (via DL News). Amount actually bought back not disclosed.	Up to $1BLow participation reported (The Information, via DL News)	—Not disclosed	$40BRipple: its “recent $1 billion tender offer at the same valuation” ($40B)	—Not disclosedTender price, not a new round; no multiple	Ripple, 5 Nov 2025Also: DL News, 4 Nov 2025
10 Jan 2024	Tender	Share buybackA buyback, not new money.	$285MShares from early investors	—Not disclosed	$11.3BCompany spokesperson (The Block)	—Not disclosedTender price, not a new round; no multiple	The Block, 10 Jan 2024
20 Dec 2019	Closed round	Series CLast priced venture round before 2025. Prior rounds had no disclosed valuation, so no step-up.	$200M	TetragonAlso: SBI Holdings, Route 66 Ventures	$10BRipple said the round values it at $10B (CNBC); basis not stated	—Not disclosedNo run-rate stated in the announcement	CNBC, 20 Dec 2019Also: CoinDesk, 20 Dec 2019
15 Sep 2016	Closed round	Series BBank investors joined (Ripple).	$55M	—Not disclosedInvestors incl.: Standard Chartered, Accenture Ventures, SCB Digital Ventures, SBI Holdings (new); also Santander InnoVentures, CME Group and Seagate venture arms, Venture 51	Not disclosedNo company valuation stated by the source	—Not disclosedNo run-rate stated in the announcement	Ripple, 15 Sep 2016
19 May 2015	Closed round	Series AAnnounced as Ripple Labs.	$28M	—Not disclosedInvestors incl.: IDG Capital Partners, CME Group and Seagate venture arms, AME Cloud Ventures, ChinaRock, China Growth Capital, Wicklow Capital	Not disclosedNo company valuation stated by the source	—Not disclosedNo run-rate stated in the announcement	Ripple, 19 May 2015

Step-up = valuation ÷ the prior closed valuation (GNF calc.). Buybacks are excluded.

Valuation at each closed round

Valuations at closed primary rounds where one was disclosed; bases not stated. Buybacks are not plotted.

Series CDec 2019$10B
StrategicNov 2025$40B

Sources: Ripple; CNBC. US$ billions, linear scale.

Timeline

Rounds and buybacks, oldest first.

19 May 2015 · Closed
Series A: $28M.
15 Sep 2016 · Closed
Series B: $55M with bank investors.
20 Dec 2019 · Closed
Series C: $200M led by Tetragon at $10B.
10 Jan 2024 · Tender
$285M buyback at $11.3B.
Sep 2025 · Tender
Up to $1B buyback at $40B; low take-up reported.
5 Nov 2025 · Closed
$500M led by Fortress and Citadel Securities affiliates at $40B.
11 Mar 2026 · Tender
Up to $750M buyback at ~$50B (reported).

Still private: Ripple Labs has not filed for an IPO and is not owned by a listed company. It funds liquidity mainly through company buybacks; Ripple says it has repurchased more than 25% of its outstanding shares in recent years. The XRP token is not Ripple equity, and its price is not used here.

Cite this dataset

Free to quote with a link back. Copy this citation:

Ripple Funding Rounds & Valuation History. Private Valuation & Funding Round Tracker, GrowthNavigateFunding.net, updated 13 Nov 2026. https://growthnavigatefunding.net/funding/ripple-labs/

Download the data

The same 7 rows as the table: numeric US$ columns, empty cells where a figure is not disclosed, and a source URL for every row.

File: ripple-labs-rounds.csv (UTF-8, comma-separated)
Stable URL: https://growthnavigatefunding.net/wp-content/uploads/2026/11/ripple-labs-rounds.csv
Columns: id, date, date_precision, status, transaction_type, round, amount_usd_low, amount_usd_high, lead_or_buyer, co_leads, valuation_usd_low, valuation_usd_high, valuation_basis, valuation_to_run_rate_multiple, multiple_bound, multiple_basis, step_up_vs_prior_closed, price_per_share_usd_low, price_per_share_usd_high, shares, source, source_url, other_source_urls, notes, last_updated
Updated: 13 Nov 2026 (IST)

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Methodology & status definitions

How each row is labelled and calculated.

Closed round

A primary round announced by Ripple, bringing new money to the company.

Tender

A company buyback (tender offer) of existing shares. It sets a price but brings no new money; no step-up and no multiple.

Valuation ÷ run-rate

Post-money valuation ÷ the run-rate the company stated in that announcement (GNF calc.). Ripple has not stated a run-rate with a round, so no multiple is shown.

What is not a separate row

Seed funding before 2015, a reported $28B mark in June 2025 (investor letter cited by The Information; event unclear), the XRP token price, acquisitions (Hidden Road, GTreasury and others), and secondary-market prices.

Updates & corrections

This page stays at one address and is updated in place; the “Last updated” date above drives the citation and the dataset metadata. Corrections: hello@growthnavigatefunding.net. Informational only; not investment advice.

Changelog

13 Nov 2026: Dataset first compiled: 2015 Series A to the March 2026 buyback.

Ripple Labs Funding Rounds, Buybacks & Valuation History