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Ramp raises $1.85 billion led by Dragoneer at $60 billion valuation

Ramp has secured $1.85 billion in a primary funding round led by Dragoneer Investment Group, valuing the company at $60 billion as its annualized revenue crossed $2 billion.

Portrait of Ramp co-founders smiling against a white backdrop.
Image: @TFNBreakingNews

Ramp has completed a $1.85 billion primary financing round at a $60 billion valuation, according to reports by Bloomberg and industry outlets. Dragoneer Investment Group led the funding round, with Thrive Capital, Founders Fund, Sands Capital, and Avenir participating as co-leads.[1][2][4][6]

The transaction arrived roughly four months after Ramp raised $750 million at a $44 billion valuation in June. Bloomberg reported that the new funding follows surging revenue, with Ramp's annualized revenue reaching $2 billion, up from $1.5 billion reported during its June raise. In addition, TechCrunch reported that Ramp's customer count has climbed to 85,000.[2][3][4][6]

Key facts

  • Ramp raised $1.85 billion in primary financing at a valuation of $60 billion.
  • Dragoneer Investment Group led the round, with Thrive Capital, Founders Fund, Sands Capital, and Avenir acting as co-leads.
  • The funding took place about four months after Ramp raised $750 million at a $44 billion valuation in June.
  • Ramp's annualized revenue reached $2 billion, climbing from $1.5 billion in June.
  • Ramp's customer count has reached 85,000, according to TechCrunch.

Sources 路 6 sources

  1. AG

    AGTP@AGTPinsightsPost on X 路

    BREAKING: Ramp raises $1.85 billion at a $60 billion valuation, led by Dragoneer with Thrive, Founders Fund, Sands and Avenir as co-leads. Annualized revenue has hit $2 billion. https://t.co/WYPwi0vy7f

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  2. TF

    Tech Funding News@TFNBreakingNewsPost on X 路

    馃挵Ramp has raised $1.85 billion in primary financing at a $60 billion valuation, about four months after its聽$750 million round at $44 billion. https://t.co/4UKwWrS5dq Dragoneer Investment Group led the round. @ThriveCapital, @foundersfund, @SandsCapital, and Avenir co-led. #ustech #fintech #investment #innovation #vcfunding #technology #startups #valuation

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  3. TE

    TechCrunch@TechCrunchPost on X 路

    The funding comes as Ramp's annualized revenue crosses $2B, and its customer count reaches 85,000. https://t.co/3JZCd93ODs

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  4. TE

    Techmeme@TechmemePost on X 路

    Ramp raised $1.85B led by Dragoneer at a $60B valuation, up from $44B after raising $750M in June, and hits $2B in annualized revenue, up from $1.5B in June (@rebeccatorrenc5 / Bloomberg) (Visit Techmeme dot com for the link and full context!)

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  5. AI

    Analytics Insight@analyticsinmePost on X 路

    饾悥饾悶饾悶饾悿饾惀饾惒 饾悞饾惌饾悮饾惈饾惌饾惍饾惄 饾悈饾惍饾惂饾悵饾悽饾惂饾悹 饾悜饾惃饾惍饾惂饾悵饾惍饾惄: 饾悜饾悮饾惁饾惄 饾悜饾悮饾悽饾惉饾悶饾惉 饾悢饾悞饾悆 饾煆.饾煐饾煋 饾悂, 饾悑饾悮饾悰饾悶饾惀饾悰饾惃饾惐 饾悞饾悶饾悳饾惍饾惈饾悶饾惉 饾悗饾惎饾悶饾惈 饾悢饾悞饾悆 饾煆饾煄饾煄饾悓, 饾悢饾惀饾惌饾惈饾悮 饾悜饾悶饾悳饾悶饾悽饾惎饾悶饾惉 饾悢饾悞饾悆 饾煍饾煇饾悓 馃毃 Weekly Startup Funding Roundup: AI Startups Are Raising Big Money! Ramp secured USD 1.85 billion at a USD 60 billion valuation, while Labelbox, Zenzap, and Ultra also raised fresh capital. From AI-powered financial management to enterprise agents and warehouse robots, investors are backing technologies transforming business operations. Is this the next big wave of AI investment? #StartupFunding #AI #TechNews #Startups #EnterpriseAI #analyticsinsight #analyticsinsightmagazine Read More 馃憞 https://t.co/Bby6sCUdxf

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  6. BL

    Bloomberg@businessPost on X 路

    Ramp completes funding at $60 billion value as revenue surges https://t.co/cGd28CysxL

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