Fibch-focused Ribbit Capital raises $ 1.15B in seventh fund, according to SEC filing - TechCrunch

Fibch focused Ribbit Capital raises 115B in seventh fund according

Ribbit Capital, a venture capital firm known for its fintech investments, has raised $ 1.15 billion in new capital in what appears to be a near seventh fund, according to filing by the U.S. Securities and Exchange Commission (SEC).

The new fund, called The final closure of the fund is believed to be Ribbit Capital VII LP. The size is much higher than the $ 750 million the company was said to be building in March of 2022. It is also more than double that $ 420 million it raised its sixth fund in January 2022.

Since the beginning of 2012, Ribbit Capital had previously raised about $ 1.3 billion in capital, according to Crunchbase. He has invested (and witnessed a revolution) in some of the largest fintechs in the world today, including Coinbase, Nubank, Affirm and Robinhood.

In addition to these funds, Ribbit Managing Partner Meyer “Micky” Malka listed as a director of an entity called Bullfrog Capital LP. According to a 2022 filing related to that Palo Alto - based venture capital firm, Bullfrog was expected to raise $ 500 million from limited partners. A new filing reveals that the entity also ended up raising $ 1.15 billion.

TechCrunch reached out to Ribbit and Malka for comments but hadn’t heard back at the time of writing.

2022 was a busy year for Ribbit, which made several investments in Latin America, even managing several contracts in the sector. For instance, Right, a startup company that claims to be the first insurance company in Brazil to use data when rates are determined, was taken in October $ 35.8 million funding series powered by Ribbit.

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The company has not only been active in North America and LatAm. In March 2022, he led $ 65 million expansion for Indonesia investment app Great.

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