Ripple and its native Crypto token XRP have been continuing to gather Momentum since 2012. Currently, they are ranked as the third-largest digital asset worldwide. Moreover, Ripple had plans for an initial public offering.
VC Players
Some major VC players like Google Ventures SBI holdings and Andreessen Horowitz on IDG Capital partners have been funding the company since 2013. These companies are also participating in several funding rounds, with close to $292 million raised so far.
Private Funding
The company managed to secure the highest amount from private funding in the last eight years of its existence. Moreover, it got successful in particularly attracting the attention of VCs.
Sale of XRP
The company’s revenue model also includes the sale of XRP to Financial Institutions and retail investors through Crypto exchanges. As a result, the revenue model has helped the company increase its revenue generation capacity.
Brad Garlinghouse
Attending an interview at the world economic forum 2020 with the Wall Street Journal, Brad gave a hint about the possibility of some Crypto companies going public with their IPOs in 2021. Though his claims need to be ascertained, the recent data shows that he might be on the point with his predictions.
CB Insights
This is true, especially with the report published by CB Insights on January 22, which revealed a major drop in venture capital funding for blockchain companies in 2019. Nevertheless, several startups are beginning to try out a good market with their products and services.
Crypto Startups
This could drive away private capital investors. Consequently, Crypto startups are expected to reach out to the public market in order to raise funds. In addition, Ripple’s decision to go public will allow investors another way to invest in the company through shares.
