The New York company announced the $150m deal Monday. Khosla Ventures, Thrive Capital and General Catalyst were among the entities that bought shares in the round. The financing marks a step up from Ramp’s peak valuation of $8.1b in 2022 and shows some renewed investor appetite for high-growth startups, even in an era of higher interest rates.
| less than a minute read
Ramp secures $13b valuation in deal allowing employees, investors to sell shares
“Our core value proposition is helping businesses achieve more with less and spend less, which went from a-nice-to-have to truly the difference between whether you would exist or not in 2022 and 2023,” Glyman told CNBC.
