Ripple announced on December 20 that it has raised $ 200 million in Series C round financing. Led by Tetragon, SBI Holdings and Route 66 Ventures are the main underwriters. Ripple was valued at $ 10 billion in the funding, according to Messari, a cryptocurrency market data analyst.
Ripple's US $ 10 billion valuation ranks 18th in the world as an unlisted company. It is the second largest cryptocurrency startup after China's mining giant Bitmain. Both companies meet the four criteria of "Decacorn Company", which ranks higher than "Unicorn Company", unlisted, within 10 years since its establishment, a tech company, and a valuation of more than $ 10 billion.
Ripple has said it will use the proceeds to recruit new global talent. According to market demand, the company aims to provide better services to a community of clients and partner companies.