Core Innovation Capital Backs Ripple Labs

Los Angeles-based fintech venture investor Core Innovation Capital has made another investment, this time in San Francisco-based payment technology developer Ripple Labs. Ripple announced the investment earlier this week, saying it had raised $28M for its real time payments technology for the finance and banking industry. Investors in the round included Los Angeles-based Core Innovation, along with IDG Capital partners, CME Group, and Seagate, AME Cloud Ventures, ChinaRock Capital Management, China Growth Capital, Wicklow Capital, and Bitcoin Opportunity Corp., Route 66 Ventures, RRE Ventures, Vast Ventures, and Venture 51. More information »