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Fintech Startup Ramp Raises $300M At A 28% Lower Valuation Of $5.8B

Aug 22, 2023over 2 years ago

Amount Raised

$300 Million

New YorkFinancePaymentsSoftware

Description

Fintech startup Ramp has raised $300 million in a funding round co-led by existing backer Thrive Capital and new investor Sands Capital at a post-money valuation of $5.8 billion.

Company Information

Company

Ramp

Location

28 WEST 23RD STREET

New York, New York, United States

About

Ramp is an all-in-one financial operations platform designed to save businesses time and money. Combining corporate cards, expense management, bill payments, accounting automation, and more, Ramp empowers finance teams to do their best work. More than 30,000 companies, from family-owned farms to to space startups, have saved $2B and 20M hours with Ramp since its founding in 2019.

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Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech