According to SEC filings, Fintech-focused Ribbit Capital raised $1.15 billion in its seventh fund

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

The new fund, Ribbit Capital VII LP, is thought to be the fund’s final close. The amount is significantly greater than the $750 million that the firm was expected to raise in March 2021, and it is also more than double the $420 million raised in the firm’s sixth fund in January 2020.

According to Crunchbase, Ribbit Capital has raised approximately $1.3 billion in the capital since its inception in 2012. It has invested in (and seen exits from) some of the world’s largest fintech, including Coinbase, Nubank, Affirm, and Robinhood.

In addition to this fund, Ribbit’s managing partner, Meyer “Micky” Malka, is listed as a director of Bullfrog Capital LP. Bullfrog intended to raise $500 million from limited partners, according to a 2020 filing associated with that Palo Alto-based venture capital firm. According to a new filing, the entity also ended up raising $1.15 billion.

Ribbit had a busy year in 2021, as it made several investments in Latin America, even leading several deals in the region. For example, Justos, which claims to be the first insurance company in Brazil to use data to determine rates, raised a $35.8 million Series A round of funding led by Ribbit in October.

The company has not only been active in North America and Latin America. It led to a $65 million extension for the Indonesian investment app Ajaib in March 2021.

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