New York based corporate card and spend management platform raised $200m in growth funding led by Founders Fund.
The transaction, which was initiated in December of last year, indicates venture capitalists’ growing interest for certain high-growth firms even though there’s been a spillover from declining public stocks. This has led to other investors to cut down offer prices for startup shares—even after the company founders have agreed to a deal. The price of the Ramp transaction, which was recently finalized, didn’t seem to change as public market conditions became worse.