The results of an experimental and numerical investigation of an organic toluene droplet rising in a continuous aqueous phase are presented. The experiments were carried out in a small-scale, high-speed measuring unit. The numerical simulations were performed with the aid of the level set method implemented in the commercial CFD tool COMSOL Multiphysics 3.3a. Both measured and simulated terminal velocities are found to be in excellent agreement and match recent results. Moreover, the deviation from the spherical form is captured very well for different droplet sizes. Based on the experimental and numerical data obtained, an improvement of an existing terminal velocity correlation is suggested.