Deals
Finance Platform Ramp Raises Funds at $5.8 Billion Value
- Firm raises $300 million from Founders Fund, Thrive, others
- Startup valued at $8.1 billion in financing last year
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Ramp, a financial software business, said it has raised $300 million from investors at a $5.8 billion valuation.
The funding round was co-led by Thrive Capital and Sands Capital, with participation from General Catalyst, Founders Fund and other earlier investors. The New York-based startup’s valuation is lower than the $8.1 billion figure it raised funds at last year, reflecting the broader contraction in technology stock prices.