![]() This funding will allow us to automate away even more of those tasks so that finance teams can focus on being more strategic.” They trap finance teams into doing unproductive ‘busy work’. “Frankly, the current state of finance tools and legacy card programs is not acceptable. Ramp’s mission is to save our customers time and money so they can focus on their mission,” affirmed Eric Glyman, co-founder & CEO of Ramp. “We founded Ramp with the intent to empower businesses. To date, Ramp has amassed over $620 million in a combination of equity and debt financing. Key contributors included Redpoint Ventures, Thrive Capital, D1 Capital Partners, Spark Capital, Coatue Management, Iconiq, Altimeter, Stripe, Lux Capital, A* Partners, Definition Capital, Honeycomb, Kinetic, and other existing backers. Diverse investor participationįounders Fund spearheaded the funding round, with a diverse array of investors participating in the capital infusion. The earlier financing established a valuation of $8.1 billion, indicating a recalibration in the current round. This funding comes in just over a year and three months following a noteworthy financial round that garnered $750 million in a blend of debt and equity financing, Ramp has attracted fresh capital. ![]() ![]() The new valuation stands at $5.8 billion, reflecting a 28% reduction from its prior valuation. New York-based Ramp, a prominent player in the corporate card and expense automation sector, has secured a significant investment of $300 million, marking a notable shift in its post-money valuation. ![]()
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