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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 4 sources · 4 days · First seen · Last updated

Ramp fintech funding and valuation growth

Overview

Fintech company Ramp has secured $1.85 billion in new venture funding, reportedly bringing its valuation to $60 billion. The funding round was led by Dragoneer Investment Group and Thrive Capital, with participation from Founders Fund.

Subsequent reports indicate the funding is a Series G round, bringing the company’s total equity funding to approximately $5 billion since its 2019 founding. Ramp reported surpassing $2 billion in annualized revenue and achieving positive cash flow. The company’s enterprise segment is experiencing rapid growth, with the number of customers generating over $100,000 in revenue increasing by 113% year-over-year. Ramp currently serves more than 85,000 businesses, including entities such as Visa, Uber, Shopify, and Robinhood.

Entities

Thrive Capital · Dragoneer Investment Group · Founders Fund · Ramp Business Corp. · Ramp

Timeline

  1. [BUSINESS] 2 sources
    Ramp raises $1.85 billion at $60 billion valuation

    Ramp Business Corp. raised $1.85 billion in Series G funding at a $60 billion valuation, reporting over $2 billion in annualized revenue and positive cash flow.

  2. [BUSINESS] 2 sources
    Ramp secures $1.85 billion in funding at $60 billion valuation

    Fintech provider Ramp has raised $1.85 billion in new funding, reaching a reported $60 billion valuation led by Dragoneer Investment Group and Thrive Capital.

Sources

it-boltwise.de · prodiris.fr · pulse2.com · pymnts.com