Ripple

Financial Software · San Francisco, CA · Founded 2012 · Privately Held (backing)

Developer of a blockchain platform designed to build crypto technology for a world without economic borders. Ripple is based in San Francisco, CA and was founded in 2012. It is valued at about $15 billion as of Oct 2026, set by secondary market price, down 62% since its later-stage round in Nov 2025. It has raised $575 million across 1 recorded round; the latest was a $200 million Series C in Oct 2020.

PMV mark · valuation
$15.0B
Oct 2026
Secondary market · $/share
$90
Total raised
$575.1M
Last round
Later Stage VC (Series C)
Oct 2020
What is Ripple worth?
$15.0BPrivateMarketView mark · Oct 2026

Down 62% since its later-stage round, Nov 2025 ($40.0B post-money). The secondary market quotes about $90 per share.

Pro
The prices on Ripple
  • ·Every dated print: 17 trades with prices and structures
  • ·The monthly marks chart, 46 months in dollars
  • ·16 investment vehicles formed around Ripple: sponsors, sizes, dates
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Valuation timeline

0 priced rounds · 32 daily marks since · Sep 2026 – Oct 2026
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Markrounds hold their value until the next priced eventMark, today
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Secondary market

monthly marks · 46 months · Jan 2023 – Oct 2026
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High
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Jan 2023marks: indicative $/share, month-end · as of Oct 15, 2026Oct 2026
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Ripple funding history

1 rounds
DateRoundRaisedPost-money
Oct 2020Later Stage VC (Series C)$200.0M▮
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Ripple valuation

Ripple is valued at approximately $15 billion as of Oct 2026. The figure is set by secondary market price and confirmed by prints. The secondary market quotes about $90 per share. The reference point is its later-stage round in Nov 2025, at a $40 billion post-money valuation; the current figure is down 62% since.

Ripple ranks 14th by valuation and 70th by capital raised among the private companies PrivateMarketView tracks.

How much has Ripple raised?

Ripple has raised $575 million in total; 1 of its rounds is on record. The largest on record was a $200 million Series C in Oct 2020.

Ripple secondary market activity

17 secondary trades in Ripple shares are on record, between Aug 2024 and Jun 2026. The busiest recent months were Jan 2026 (4 prints) and Jun 2026 (3 prints). Exact dates, prices and structures are available to Pro members.

A monthly secondary-market price series for Ripple runs from Jan 2023 to Oct 2026 (46 months).

Institutional holders and vehicles

In the last 12 months, 16 investment vehicles were formed to buy Ripple shares, reporting $13.1 million sold to 384 investors across 16 sponsors, per SEC Form D filings (most recent Jun 2026).

Comparable companies

Comparable financial software names by valuation on PrivateMarketView: Ramp ($60 billion), Kraken ($20 billion) and Klarna Group (NYS: KLAR) ($15.1 billion).

How Ripple's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Ripple, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by secondary market price. Question about this number? Full methodology →

Frequently asked about Ripple

What is Ripple worth?
Ripple is valued at $15.0B as of Oct 2026. Down 62% since its later-stage round, Nov 2025 ($40.0B post-money).
How much has Ripple raised?
Ripple has raised $575.1M in total funding across 1 recorded rounds.
When did Ripple last raise?
Ripple last raised in Oct 2020 (Later Stage VC (Series C)), raising $200.0M.