Ramp raises $1.85 billion at $60 billion valuation
Corporate card and spend-management firm Ramp, a fintech startup, announced a $1.85 billion primary funding round that values it at $60 billion, with the round backed by Dragoneer Investment Group. The company is also growing its artificial intelligence products.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
Fintech startup Ramp said it raised $1.85 billion in a primary financing round led by Dragoneer Investment Group. The round values the company at $60 billion. Ramp is expanding its artificial intelligence offerings.
Why it matters
The raise values Ramp at $60 billion while it grows its AI products. It also sits within a week of fintech funding totaling more than $2.8 billion.
Timeline
- Oct 15, 7:14 AM ET: Ramp said it had raised $1.85 billion in a funding round led by Dragoneer Investment Group, valuing it at $60 billion.
- Oct 16, 2:20 PM ET: Ramp's $1.85 billion raise led fintech funding that week, totaling more than $2.8 billion across 17 deals.
Coverage
- FinTech funding tops $2.8bn as Ramp leads with $1.85bn raise (fintech.global)
- Fintech startup Ramp hits $60 billion valuation after $1.85 billion funding round (Reuters)
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