Fri. Jan 21st, 2022

Ribbit Capital, a venture firm best known for its fintech investments, has raised $1.15 billion in new capital in what appears to be a close of its seventh fund, according to a Submit with the US Securities and Exchange Commission (SEC).

The new fund, called Ribbit Capital VII LP is considered the last close of the fund. The amount is significantly higher than the $750 million the company would increase in March 2021. It is also more than double the $420 million it raised its sixth fund in January 2020.

Since its inception in 2012, Ribbit Capital had previously raised approximately $1.3 billion in capital, according to crunch base. It has invested (and seen exits) in what are today some of the world’s largest fintechs, including Coinbase, Nubank, Affirm, and Robinhood.

In addition to this fund Management partner of Ribbit Meyer “Micky” Malka is listed as a director of an entity called Bullfrog Capital LP. According to a 2020 filing related to that Palo Alto-based venture capital firm, Bullfrog planned to raise $500 million from limited partners. A new filing indicates that the entity also eventually raised $1.15 billion.

BestFitnessBands reached out to Ribbit and Malka for comment, but had not heard back at the time of writing.

2021 was a busy year for Ribbit, who also made some investments in Latin America and even led multiple deals in the region. For instance, justos, a startup that says it will be the first insurance company in Brazil to use data in determining rates, increased in October a $35.8 million Series A funding round led by Ribbit.

The company has not only been active in North America and LatAm. In March 2021, it led to a $65 million extension for indonesian investment app ajaib.

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