糖心视频

Late Wednesday afternoon, right before close of business for U.S. securities regulators, Palo Alto, California-based submitted to the SEC disclosing its intent to raise $420 million for its sixth flagship venture capital fund.

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The filing states that no capital has yet been raised, but it’s also common for investment firms to submit a Form D immediately prior to calling down capital from limited partners.

At $420 million, Fund VI would be equal in size to , for which Ribbit made its initial filing in September 2018.

Filings for Ribbit , , , and can be found on the SEC’s website.

The firm intends to raise the new fund from “qualified purchasers,” which are institutional funds and individuals with at least $5 million in deployed investment capital, exempting it from securities registration under Section 3(c)(7) of the , as disclosed in the filing.

Ribbit Capital is managed by . Originally hailing from Venezuela, Malka held founding and leadership roles at a number of financial institutions prior to founding Ribbit in 2012.

The firm invests across multiple sectors, but has a focus on financial technology and marketplace-oriented businesses. Its latest bets include lead investments in a for India-based neobank (alongside co-lead ), startup-focused San Francisco-based insurance company and India-based credit card payment rewards company (which was also co-led by Sequoia Capital and ).

Crunchbase data lists two exits for the firm so far. Ribbit was a participating investor in London-based lending platform 鈥檚 later-stage rounds; Funding Circle went public on the London Stock Exchange in September 2018. Ribbit also invested in , the last funding closed by the financial news company prior to for $200 million.

Ribbit’s managing director Malka is also listed as the director of a seemingly new entity called Bullfrog Capital. Its filing, disclosing, was submitted to the SEC minutes before the filing for Ribbit Fund VI went through. No other information is known about the new fund or its strategy at this time.

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