Announcement
Ramp raises $1.85B at a $60B valuation
Reuters reports Dragoneer led the round, with Thrive Capital a co-lead; Ramp was valued at $44B in June.
TLDR
Ramp announced a $1.85 billion primary financing round led by Dragoneer Investment Group, with Thrive Capital among the co-leads, valuing the company at $60 billion. That is up from a $44 billion valuation in June, when Ramp raised $750 million, Reuters reports. Ramp says its annualized revenue exceeds $2 billion.
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