Arrington XRP Capital is a venture capital firm in Washington that focuses on blockchain-based capital markets. Founded 2017 in Seattle, Washington, United States by Michael Arrington, it invests in early stage ventures, seed, series A, initial coin offerings, and corporate rounds. Its portfolio companies include Arweave, BlockFi, SKALE Labs, and CasperLabs. As of March 2020, Arrington XRP Capital has made 31 investments. Their most recent investment was on February 13, 2020, when BlockFi raised $30M. Arrington XRP Capital has raised two funds, their latest being Ripple XRP II. This fund was announced on March 27, 2019 and raised a total of $100M.
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- Venture capitalA form of financing or funding for emerging companies. Investment on early-stage companies in exchange for equity in the companies they invest in.
- CompanyA company, abbreviated 'co.', is a legal entity made up of an association of people, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise.
- Ripple (cryptocurrency)Ripple is a global currency exchange and remittance network that aims to lower the cost and improve the speed of international bank transfers relative to legacy financial infrastructure.
- CryptocurrencyA cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.