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Ramp Secures $1.85 Billion in Round Valuing It at $60 Billion
Ramp says annualized revenue has passed $2 billion and it is generating positive cash flow following the new financing round.
Key takeaways
- Ramp announced a $1.85 billion financing round at a $60 billion valuation.
- The company said annualized revenue topped $2 billion, with positive cash flow.
Ramp announced a $1.85 billion financing round that values the company at $60 billion. Dragoneer Investment Group led the round, with Thrive Capital, Founders Fund, Sands Capital and Avenir Growth co-leading.
The company said it now has more than $2 billion in annualized revenue and positive cash flow. It also reported a 113% year-over-year increase in customers generating more than $100,000 in revenue.
Ramp said it has raised approximately $5 billion in total equity financing, including the new round.
Topics
RAMPDragoneer Investment Group
Further reading
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
