Ripple Raises $200M in Series-C Round Led by Tetragon

Dec 20, 2019😶Neutral

Blockchain-based payments firm Ripple has raised $200 million in a Series-C funding round led by alternative asset investment firm Tetragon.

The investment will allow the firm to further draw new international talent and "better serve" customers and partners, the firm said. The new stakeholders will further provide "invaluable industry insight and expertise" as Ripple grows its business, according to the announcement.

Highlighting what it called its "strongest year of growth to date," Ripple said its RippleNet payments network grew in 2019 to over 300 clients.

Ripple will be in court next month, defending its motion to dismiss a lawsuit claiming its sales of XRP were an unregistered security issuance.

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