Spend administration startup Ramp introduced on Tuesday that it raised a $200 million Collection E led by its largest investor, Founders Fund, at a put up cash $16 billion valuation. This can be a jaw-dropping $3 billion enhance over the $13 billion valuation Ramp introduced only a few months in the past in March from a $150 million secondary share sale.
It’s present valuation can be greater than double the $7.65 billion Ramp hit just a little over a yr in the past when it raised $150 million at a $7.65 billion put up cash. CEO Eric Glyman is remaining mum about income figures, though in March he mentioned income had skilled “unbelievable development” over the earlier figures it launched. In the summertime of 2023, he mentioned Ramp had handed $300 million in annualized income.
Different VCs, largely present traders, who participated within the Collection E spherical embrace Thrive Capital, D1 Capital Companions, Common Catalyst, GIC, ICONIQ Development, Khosla Ventures, Sands Capital, 8VC, Lux Capital, Stripes, 137 Ventures, Avenir Development, and Definition Capital.
{content material}
Supply: {feed_title}
