Companies · Software / Tech

Ripple Labs Inc.

SAN FRANCISCO · Software / Tech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Ripple Labs Inc. — recommendation, valuation, rhythm, risks.
$587.1M
Total raised · real
3
Rounds
9.1×
Latest step-up
Top 1%
Sector rank · raised
Growth/Late
Latest stage · inferred · Tue Nov 04 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Ripple Labs Inc. looks fair against its niche peers and is active on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the technology sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 1.35× the median modeled value of Growth/Late Software / Tech companies in 2025–2027 (6 peers) — value vs value, same stage and era.
  • Within the normal band (135% of peer median) for its niche.
Active
  • Last raise 8 mo ago; this sector typically re-raises about every 13 months.
  • Raising on or ahead of the sector's normal rhythm.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Software / Tech

Ripple Labs Inc. is one of 3920 Software / Tech companies tracked from SAN FRANCISCO. By capital raised it ranks among the largest (ahead of 100% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
9
Investors (latest)
2025-11-04
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$2.5B$5.0B$7.5B$10.0BSeries B · 2014-12-03 Raised $32M (real) Modeled valuation $971M (est)$32M$971MSeries B2014Series C · 2016-03-28 Raised $55M (real) Modeled valuation $1.7B (est)$55M$1.7BSeries C2016Growth/Late · 2025-11-04 Raised $500M (real) Modeled valuation $5.1B (est)$500M$5.1BGrowth/Late2025+$55M+$500MCumulative $587M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series B$31.9M · 2014
Series C$55.2M · 2016
Growth/Late$500.0M · 2025no Series D+ on file

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series D+ — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 43%.

Modeled valuation trajectory
$5.1B
Base estimate est.
$3.8B
Conservative case
$5.8B
Upside case
$5.0B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Growth/Latea round over $400M). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Series B · modeled $970.8M · 2014-12-032014Series C · modeled $1.7B · 2016-03-28Growth/Late · modeled $5.1B · 2025-11-042025
Model inputs · modeled:benchmark-stage-stepup-v1
10%
Dilution assumption
Implied ownership sold in the financing.
88%
Survival probability
76% low · 95% high
1.24×/yr
Annual markup
1.35×/yr upside case
0.7 yr
Elapsed time used
0.7 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
66 mo
Avg between rounds
$53.8M/yr
Capital velocity
11.6 yr
On record since
2014
First round
3
Rounds on file
How it compares to the market

Benchmarked against 3920 companies in Software / Tech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 128× above median
This company$587.1M
Sector median$4.6M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 6.7× above median
This company$500.0M
Sector median$75.0M
Modeled value — vs sector median (estimate, all stages) 139× above median
This company$5.1B
Sector median$36.6M

Raised more than 100% of sector peers (real $). Modeled value above 99% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Growth/Late) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #2 of 6.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0B$100.0M$1.0B$10.0BCapital raised (log)Empery Digital, Inc. · Growth/Late Raised $528.6M · modeled $5.4B (est)Sharps Technology Inc. · Growth/Late Raised $417.3M · modeled $4.4B (est)Beta Technologies Inc. · Growth/Late Raised $1.6B · modeled $3.2B (est)Marvell Technology, Inc. · Growth/Late Raised $2.2B · modeled $1.9B (est)reAlpha Tech Corp. · Growth/Late Raised $413.5M · modeled $13.6M (est)Ripple Labs Inc. (this company) Raised $587.1M · modeled $5.1B (est)Ripple Labs Inc.
CompanyStageRaised · realValue · estvs peer med.
Empery Digital, Inc.Growth/Late$528.6M$5.4B1.45×
Ripple Labs Inc. this companyGrowth/Late$587.1M$5.1B1.35×
Sharps Technology Inc.Growth/Late$417.3M$4.4B1.16×
Beta Technologies Inc.Growth/Late$1.6B$3.2B0.84×
Marvell Technology, Inc.Growth/Late$2.2B$1.9B0.51×
reAlpha Tech Corp.Growth/Late$413.5M$13.6M0.00×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series B$31.9M2014-12-03$177.1M$970.8M90%
Series C$55.2M2016-03-28$368.0M$1.7B90%
Growth/Late$500.0M2025-11-04$5.0B$5.1B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series B$31.9M2014-12-03
    • First recorded raise — entered as Series B.
    • 28 investors on this round.
  2. Series C$55.2M2016-03-28
    • Raised 16 mo later, in step with the ~13 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
    • 19 investors on this round.
  3. Growth/Late$500.0M2025-11-04
    • Raised again after 115 mo — slower than the ~13 mo sector norm.
    • Round 9.1× larger than the prior — scaling up.
    • 9 investors on this round.
Intelligence
2031 ~Q2
Modeled next raise · ~66mo cadence
$1.5B
Modeled next size est.range $975.0M$2.4B
9.1×
Last step-up
$53.8M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
David Schwartz6 other2014-12
Doug Chertok3 other2014-12
Susan Athey2 other2014-12
Michael James Warren1 other2025-11
Young Guo1 other2014-12
Anja Lucia Manuel2025-11
Bradley Garlinghouse2014-12
Bradley Kent Garlinghouse Jr2025-11
Christian Anton Larsen2025-11
Christian Larsen2014-12
Gene Sperling2014-12
Mariano Belinky2014-12
Masashi Elizabeth Okuyama2025-11
Monica Calvin Long2025-11
Rosa Elizabeth Rios2025-11
Sandra Elizabeth O'Connor2025-11
Warren Calvin Jenson2025-11
Registry & provenance

Ripple Labs Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1685012
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Empery Digital, Inc.Software / TechGrowth/Late$528.6M$5.4Bsame sector · same stage
Sanborn Analytics IncSoftware / TechGrowth/Late$500.0M$6.7Bsame sector · same stage
Yuga Labs, Inc.Software / TechGrowth/Late$424.1M$9.6Bsame sector · same stage
Sharps Technology Inc.Software / TechGrowth/Late$417.3M$4.4Bsame sector · same stage
Beta Technologies Inc.Software / TechGrowth/Late$1.6B$3.2Bsame sector · same stage
Uniphore Technologies Inc.Software / TechSeries D+$594.9M$7.7Bsame sector
Marvell Technology, Inc.Software / TechGrowth/Late$2.2B$1.9Bsame sector · same stage
Apeel Technology, Inc.Software / TechSeries D+$534.6M$6.1Bsame sector
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Ripple Network Technologies, Inc.Software / TechSeed$51.1M93%
RippleNami, Inc.Other TechnologyPre-Seed$16.9M87%
Ripple Two, LLCOther TechnologySeed$8.3M87%
Ripple Foods, PbcAgtech / FoodtechSeries C$72.0M85%
RippleMatch Inc.OtherSeries B$240.2M85%
Spanning Labs Inc.Software / TechSeries A$91.0M85%
Reciprocal Labs CorpSoftware / TechSeries B$609.1M84%
Conservation Labs, Inc.Software / TechSeed$24.7M84%
Frequently asked
How much funding has Ripple Labs Inc. raised?
Ripple Labs Inc. has raised approximately $587.1M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Ripple Labs Inc.'s estimated valuation?
Provath's modeled valuation for Ripple Labs Inc. is approximately $5.1B (modeled range $3.8B–$5.8B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Ripple Labs Inc. at?
Ripple Labs Inc.'s latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Tue Nov 04.
What does Ripple Labs Inc. do and where is it based?
Ripple Labs Inc. operates in the Software / Tech sector, based in SAN FRANCISCO.
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