A picture to understand the investment landscape of the venture capital firm Ribbit Capital

Source: ChainNews

Ribbit Capital is a U.S. venture capital firm founded in 2012, focusing on areas such as personal finance, insurance, software, and cryptocurrency services.

Founder Meyer (Micky) Malka previously established the securities and investment brokerage Heptagon Group and the first online financial services brokerage in Latin America http://Patagon.com. After http://Patagon.com was acquired for over $700 million in 2000, Malka served as interim CEO of the Spanish and German online bank OpenBank. He officially founded Rabbit Capital in 2012.

At its inception, Ribbit Capital launched its first fund with a target of $90 million. Over the next nine years, Ribbit Capital's investment landscape continued to expand, and its scale has now exceeded $4.3 billion. The company's portfolio includes several well-known star companies, including the famous Robinhood, NYDIG, and Coinbase. Additionally, Ribbit Capital participated in the latest round of $420 million financing for the industry newcomer FTX in late October this year, bringing FTX's valuation to $25 billion after this round of financing.

In addition to enhancing the status of fintech startups, Ribbit Capital has also invested heavily in cryptocurrency-focused startups, such as the well-known blockchain data analytics team Chainalysis. Today, Ribbit Capital has invested in 17 companies or teams in the crypto space, spanning five verticals. To visually explore Ribbit Capital's investment footprint, ChainNews has compiled Ribbit Capital's investment map.

FTX: Founded in May 2019, FTX completed a new round of $420 million financing at a valuation of $25 billion in late October, aiming to position itself as "an innovative comprehensive asset trading platform." This year, FTX has been highly active in brand marketing, especially interacting frequently with top traffic in the sports sector. In early April, http://FTX.US purchased the naming rights for the Miami Heat's home arena, Miami Arena, for $135 million. In June, http://FTX.com, http://FTX.US, Blockfolio, and NFL legend quarterback Tom Brady entered into a long-term partnership. At the beginning of September, FTX announced NBA superstar Stephen Curry as its global ambassador and shareholder. By the end of the month, it reached a long-term partnership with the F1 team Mercedes AMG.

Futureswap: A decentralized futures trading platform that completed a $12 million Series A financing in October this year, led by Ribbit Capital. Futureswap allows traders to leverage low-fee futures contracts on-chain based on AMM, supported by its liquidity pool.

Helium: A decentralized wireless communication network that completed a new round of $110 million token financing in August this year, with Ribbit Capital participating. Helium has previously launched a decentralized 5G network and supports mobile network operators in expanding their signal coverage using Helium 5G.

It can be seen that Ribbit Capital continues to pay attention to the decentralized exchange sector, maintaining its previous investment style.

Coinbase: Founded in 2012, it is the most visited mainstream digital currency trading and blockchain comprehensive service platform globally, which went public on NASDAQ in April this year, with a market capitalization exceeding $69.8 billion at the time of writing.

Robinhood: A financial services company established in 2013, known for its commission-free trading, which went public on NASDAQ in July this year with a valuation of $32 billion.

CoinSwitch Kuber: An Indian cryptocurrency exchange that completed a $260 million Series C financing in October this year, with a valuation of $1.9 billion.

NYDIG: A digital asset investment group based in New York, providing fully licensed, institutional-quality investment management, custody, and execution services in the digital asset market, which completed $100 million financing in April this year.

Fireblocks: A platform that integrates trading platforms, OTC, counterparties, hot wallets, and custody for institutional traders needing to move digital assets, which completed $310 million financing in July this year, with a valuation of $2 billion.

Figure Technologies: A fintech company focused on issuing home equity lines of credit (HELOC) on its private blockchain, which completed $200 million in Series D financing in May this year at a valuation of $3.2 billion.

Xapo: Based in Switzerland, it offers online Bitcoin wallets, offline cold storage, and Bitcoin-based debit cards, with services covering the globe.

Revolut: A digital asset banking company based in the UK, primarily providing digital bank accounts and various other financial services. It completed $800 million financing in July this year at a valuation of $33 billion.

Cross River Bank: A U.S. nationally chartered commercial bank seeking to empower its institutional clients and technology solutions through compliance.

Chipper Cash: A fintech company focused on cross-border payments between African countries, which also offers Bitcoin exchange services and completed $100 million Series C financing in June this year.

Ballet: Ballet Crypto is the world's first multi-currency non-digital physical wallet, featuring 100% offline storage capabilities.

Lightning Labs: A company focused on developing Bitcoin layer two scaling solutions, which completed $10 million in Series A financing in February last year.

Blockstream: A company aimed at expanding the functionality of the Bitcoin protocol layer, leading the development of sidechain scaling mechanisms to connect Bitcoin with other competing blockchain networks.

Chainalysis: Founded in 2014, it primarily provides Bitcoin transaction analysis software for cryptocurrency exchanges, international law enforcement agencies, and other clients, completing $100 million in Series E financing in June this year at a valuation of $4.2 billion.