Ramp raises $1.85B Series G at $60B valuation

Ramp, which sells corporate credit cards and expense management software, said it raised $1.85 billion in a Series G round that values the company at $60 billion, up from $44 billion in its $750 million round about four months earlier. Dragoneer led the round, with Thrive Capital, Founders Fund, Sands Capital and Avenir Growth as co-leads and roughly two dozen other institutional backers, according to SiliconANGLE. Tech Funding News reports Ramp's annualized revenue has topped $2 billion and that the company has now raised about $5 billion in total equity. Ramp's statement does not say whether the $60 billion figure is pre- or post-money; Bloomberg reports it is pre-money. Ramp says it is pushing deeper into AI and expanding beyond finance software.

AI-generated from reports · 2 days agoUpdate