Ramp secures $1.85 billion, pushing its valuation to $60 billion
Ramp announced a $1.85 billion primary financing round that lifts its valuation to $60 billion, led by Dragoneer Investment Group and co-led by several venture firms.
The fintech company raised $1.85 billion in new capital, bringing its market value to $60 billion. The round was headed by Dragoneer Investment Group with co-lead investors Thrive Capital, Founders Fund, Sands Capital and Avenir Growth. Founded in 2019, Ramp provides corporate cards, payment services and expense-management tools. Its client base now exceeds 85,000 firms, handling more than $275 billion in annualized purchase volume, a 175 percent increase from the previous year.
Why it matters
The massive funding round highlights growing investor confidence in corporate fintech solutions and signals rapid expansion in the sector.
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