Key Takeaways
- • Ramp is in early talks with investors to raise roughly $1 billion in a Series G round at a valuation of about $60 billion, according to people familiar with the discussions.
- • The reported $60 billion talks come about three months after Ramp reached a $44 billion valuation following a $750 million funding round.
- • Ramp's $300 million primary financing round and employee tender offer, which Bloomberg Tech covered with CEO Eric Glyman, was reported at a $32 billion valuation.
- • The $1.85 billion round cited in the headline is not confirmed by the reporting available; coverage consistently describes talks for approximately $1 billion.
- • Ramp's valuation has risen from $13 billion in March to $16 billion in June and $22.5 billion in a subsequent round, reflecting sustained investor appetite for the financial operations platform.
Summary
Financial operations platform Ramp is in early talks with investors to raise about $1 billion in a Series G round at a valuation of roughly $60 billion, according to people familiar with the discussions as reported by Bloomberg. The potential transaction would come just three months after the corporate spend management company reached a $44 billion valuation following a $750 million round.
The headline's $1.85 billion funding figure does not appear in the reporting available for this story. The consistent account across sources is of an early-stage discussion for roughly $1 billion in new primary capital at about $60 billion. Readers should treat the larger figure as unconfirmed.
Bloomberg Tech's coverage features Ramp CEO Eric Glyman discussing the company's $300 million primary financing round and employee tender offer at a $32 billion valuation. Glyman also addressed what businesses are turning to Ramp for. Law firm Latham & Watkins advised Ramp on the $300 million primary round and tender offer.
Ramp's valuation trajectory has been steep. Per publisher reporting, the company was valued at $13 billion in March, $16 billion in June, and $22.5 billion in a later late-stage round, which the publisher characterized as renewed investor interest. Ramp's underlying profitability is reported to be growing 153% year over year, roughly ten times faster each year than the median publicly traded SaaS company, according to a separate analysis of the company.
The headline's $1.85 billion funding figure does not appear in the reporting available for this story. The consistent account across sources is of an early-stage discussion for roughly $1 billion in new primary capital at about $60 billion. Readers should treat the larger figure as unconfirmed.
Bloomberg Tech's coverage features Ramp CEO Eric Glyman discussing the company's $300 million primary financing round and employee tender offer at a $32 billion valuation. Glyman also addressed what businesses are turning to Ramp for. Law firm Latham & Watkins advised Ramp on the $300 million primary round and tender offer.
Ramp's valuation trajectory has been steep. Per publisher reporting, the company was valued at $13 billion in March, $16 billion in June, and $22.5 billion in a later late-stage round, which the publisher characterized as renewed investor interest. Ramp's underlying profitability is reported to be growing 153% year over year, roughly ten times faster each year than the median publicly traded SaaS company, according to a separate analysis of the company.
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