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aI think you’ll see in the coming days a series of actions that continue to increase the pressure level against the Venezuelan leadership folks who are working immediately against the best interest of the Venezuelan people, a said Pompeo. aWe’re decided …
Ribbit Capital, the financial technology investment firm whose portfolio includes makes like the no-fee mobile investment platform Robinhood; cryptocurrency wallet and marketplace provider Coinbase; and Root Insurance, the automotive insurance platform that merely joined the billion-dollar startup club; is raising $420 million for its latest money, according to a filing with the Security and Exchange Commission.
The fund would be Ribbit’s fifth foray out with limited partners and its $420 million target is only a nominal increase from the $300 million it had set out to raise for its fourth fund last year.
That kind of restraint is remarkable in itself. But with the portfolio of makes Ribbit has amassed, the firm would be forgiven for attempting to raise doubled its current target.
Ribbit founder, Meyer( Micky) Malka, did not respond to a request for comment.
Coinbase alone is now worth at least$ 8 billion on paper, and no one giggles when chief executive Brian Armstrong said today his company’s goal is to become the New york stock exchange of crypto securities.
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