In just 3 months, Ramp’s valuation jumped to $16B, up from $13B


Spending management starting ramp announced On Tuesday, it raised $ 200 million from a series and led by its largest investor, Founders Fund, Post-Money Rating of $ 16 billion. This is a jaw falling $ 3 billion growth over the $ 13 billion estimated ramps announced Just a few months ago in March, after sale of $ 150 million.

Its current assessment is also more than double The $ 7.65 billion Post-Money rate ramp hit a little over a year When it raised $ 150 million. CEO Eric Glyman remains a mom about income figures, although in March he said that revenue experienced “incredible growth” over the previous figures it released. In the summer of 2023, he said Ramp had passed $ 300 million in annual revenue.

Other VCs, mostly existing investors who participated in the E -Round series, include Thrive Capital, D1 Capital Partners, General Catalyst, GIC, Iconiq Growth, Khosla Ventures, Sands Capital, 8VC, Lux Capital, Stripes, 137 Ventures, Avenir Growth and Definion Capital.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *