Digital payment technology company Ripple Labs has closed a series A round backed by corporates including Seagate, CME, and International Data Group.
US-based digital payments company Ripple Labs closed a $28m series A round yesterday backed by several corporate investors.
Data storage company Seagate, futures exchange operator CME and IDG Capital Partners, a venture capital affiliate of media and technology company International Data Group, all participated in the round.
The corporate backers were joined by AME Cloud Ventures, ChinaRock Capital Management, China Growth Capital, Wicklow Capital, Bitcoin Opportunity Fund, Core Innovation Capital, Route 66 Ventures, RRE Ventures, Vast Ventures and Venture 51.
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