From The Next Web · Cristian Dina · · 1m
Ramp hits $60bn valuation in $1.85bn round
Fintech startup Ramp raised $1.85bn at a $60bn valuation, cementing its lead in the corporate spending space.
In brief
Fintech startup Ramp raised $1.85bn at a $60bn valuation, cementing its lead in the corporate spending space. Ramp raised one point eighty five billion dollars at a sixty billion dollar valuation, making it by far the most valuable startup in business spending. Originally reported by The Next Web.
Ramp raises $1.85bn at $60bn valuation
Fintech startup Ramp raised about one point eighty five billion dollars at a valuation of roughly sixty billion dollars.Dragoneer Investment Group and Thrive Capital led the round, with Founders Fund also writing a large cheque.
Ramp's valuation jumped $16bn in four months
Ramp raised seven hundred fifty million dollars in June at a forty four billion dollar valuation. The new round values the company at sixty billion dollars before the new money is counted.
Ramp dominates corporate spending market
Founded in two thousand nineteen and based in New York, Ramp sells corporate cards and tools for expenses, payments and fraud detection.
The takeaway
Ramp raised one point eighty five billion dollars at a sixty billion dollar valuation, making it by far the most valuable startup in business spending.
