L39 member Ripple raises $55 million in a series B round
15th September 2016
Ripple, the Level39 member and San-Francisco HQ’ed distributed ledger payments startup, has raised $55 million in a series B round.
They’ve brought on some leading corporates and institutions into the round including Standard Chartered, Accenture Ventures, Santander Innoventures and more.
The European team currently operates out of Level39 and is led by MD of Europe Daniel Aranda.
This round of funding brings the total amount of cash raised to $93 million. The money from this round will be used to hire new staff internationally, grow customers and the number of strategic partnerships.
Currently Ripple has strategic partnerships with 15 of the top 50 banks in the world.