Ribbit Capital, a venture firm best known for its fintech investments, according to a. $ 1.15 billion in new capital raised in what appears to be its seventh fund submission with the US Securities and Exchange Commission.
The new fund, called Ribbit Capital VII LP is said to be the last closing price of the fund. The amount is significantly higher than that $ 750 million the company is to increase in March 2021. It’s also more than double that $ 420 million in January 2020 it launched its sixth fund.
Since its inception in 2012, Ribbit Capital had previously raised approximately $ 1.3 billion in capital Crunchbase. It has invested (and seen exits) in some of the world’s largest fintechs, including Coinbase, Nubank, Affirm, and Robinhood.
Besides this fund Managing partner of Ribbit Meyer “Micky” Malka is listed as a director of a company called Bullfrog Capital LP. Bullfrog intended to raise $ 500 million from limited partners, according to a 2020 filing associated with this Palo Alto-based venture capital firm. A new filing shows that the company actually raised $ 1.15 billion as well.
TechCrunch reached out to Ribbit and Malka for comment but hadn’t heard anything at the time of writing.
2021 was a busy year for Ribbit, which also made a number of investments in Latin America and even led several transactions in the region. For example, Just, a startup that says it will be the first insurance company in Brazil to use data in determining tariffs, raised in October a Series A financing round of $ 35.8 million led by Ribbit.
The company is not only active in North America and Latin America. In March 2021 it led a Extension of $ 65 million for Indonesian investment app Wonderful.
