Ramp hits $22.5B valuation just 45 days after reaching $16B

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Eric Glyman, co-founder and CEO of expense management startup Ramp, announced on Wednesday a fresh $500 million raise at a whopping $22.5 billion post-money valuation.

This new round, led by Iconiq Growth with participation from Founders Fund and D1 Capital Partners, comes just 45 days after Ramp’s last round. In June, Ramp raised $200 million at a $16 billion valuation, and that was a leap over the $13 billion valuation Ramp announced in March.

In his blog post, Glyman laid out his vision for AI agent-led “autonomous finance” that he…



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Ramp hits $22.5B valuation just 45 days after reaching $16B


Eric Glyman, co-founder and CEO of expense management startup Ramp, announced on Wednesday a fresh $500 million raise at a whopping $22.5 billion post-money valuation.

This new round, led by Iconiq Growth with participation from Founders Fund and D1 Capital Partners, comes just 45 days after Ramp’s last round. In June, Ramp raised $200 million at a $16 billion valuation, and that was a leap over the $13 billion valuation Ramp announced in March.

In his blog post, Glyman laid out his vision for AI agent-led “autonomous finance” that he…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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