Ramp

Hill Chart Shape

Overview

Ramp
Sectors
Financial, Banking, Neobank
Headquarters
New York, New York, USA
CEO
Eric Glyman
Ramp raised $150.0M in a Series D-2 Valuation at a $25.0 price per share, amounting to a post-money valuation of $7.65B on April 25, 2024. PMI data indicates that Ramp's shares have been trading at an 10.8% premium to their Series D-2 Valuation based on institutional secondary market activity.
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Series D-2 Valuation
Latest funding round
$7.65B
XXXXX
2024-04-25
XX-XX-XXXX
AV Implied Valuation
$8.48B
2024-12-16
AV Implied Valuation
XXXXX
XX-XX-XXXX
Change since Last Round
+10.8%
2024-04-25 ➞ 2024-12-16
Change since Last Round
XXXXX
XX-XX-XXXX
Secondary Activity
Low
XXXXX
Volume
$61.45M
XXX
(90 day period)
Bid
XXX
Ask
XXX
Bid
$20.32M
Ask
$41.12M

“Ramp's mission is to revolutionize the way businesses manage their finances by providing a smart corporate card and spend management platform, designed to save time and money and optimize financial operations.”

Founded in 2019 by Eric Glyman, Karim Atiyeh, and Gene Lee, Ramp is a finance automation platform headquartered in New York, NY. The company offers a range of financial tools, including corporate cards, expense management, bill payments, and accounting integrations. Ramp aims to streamline financial operations for businesses, enabling them to save time and money. It has rapidly grown to become one of the fastest-growing corporate card providers in the U.S., serving a diverse clientele from startups to large-scale enterprises.

Business Model

Ramp operates on a software-as-a-service (SaaS) model, providing a comprehensive finance automation platform that includes corporate cards, expense management, and bill payments. The platform integrates with various accounting systems, offering businesses a seamless way to manage their finances. Ramp generates revenue through subscription fees for its services, and its user-friendly tools are designed to help companies reduce costs and improve financial efficiency.

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Targeted Impact

Ramp aims to empower businesses to make data-driven financial decisions, fostering growth and enhancing financial efficiency.

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Who Will benefit?

Businesses of all sizes, from startups to large enterprises, will benefit from Ramp's efficient and innovative financial management solutions.

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What Comes Next?

Ramp plans to continue expanding its product offerings and enhancing its platform to further streamline financial operations for businesses.

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Ramp Growth Timeline

Ramp and Competition

Ramp competes with other financial management platforms such as Brex, Divvy, and Expensify. Its focus on automation and integration with accounting systems differentiates it from competitors.

VC / Strategic Investors

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<cardLogo>

<logo>

8vc

</logo>

<text>

8VC

Invested at:

Series D-2

</text>

</cardLogo>

<cardLogo>

<logo>

backend-capital

</logo>

<text>

Backend Capital

Invested at:

Series A

</text>

</cardLogo>

<cardLogo>

<logo>

boxgroup

</logo>

<text>

BoxGroup

Invested at:

Series A

</text>

</cardLogo>

</row>

<row>

<cardLogo>

<logo>

conversion-capital

</logo>

<text>

Conversion Capital

Invested at:

Series A

</text>

</cardLogo>

<cardLogo>

<logo>

d1-capital

</logo>

<text>

D1 Capital

Invested at:

Series A-3

</text>

</cardLogo>

<cardLogo>

<logo>

founders-fund

</logo>

<text>

Founders Fund

Invested at:

Series A-3, Series D-2

</text>

</cardLogo>

</row>

<row>

<cardLogo>

<logo>

greylock-partners

</logo>

<text>

Greylock Partners

Invested at:

Series D-2

</text>

</cardLogo>

<cardLogo>

<logo>

khosla-ventures

</logo>

<text>

Khosla Ventures

Invested at:

Series D-2

</text>

</cardLogo>

<cardLogo>

<logo>

sequoia-capital

</logo>

<text>

Sequoia Capital

Invested at:

Series D-2

</text>

</cardLogo>

</row>

<row>

<cardLogo>

<logo>

soma-capital

</logo>

<text>

Soma Capital

Invested at:

Series A

</text>

</cardLogo>

</row>

Ramp's Analysis

Annual Revenue and Revenue Growth

Funding Round

Return on Investment (ROI)

Bid:Ask Volume Ratio

ApeVue highlights the quarterly bid:ask volume ratio where there were at least three broker contributions within that period.

Activity

Activity refers to broker contributions within the last 90 days.

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Ramp Private Comparables in the AI Sector

ApeVue highlights active private companies within the AI sector.

Change in ApeVue Valuation Since Last Funding Round

ApeVue uses composite price based on the institutional level contributions within the last 90 days to compute implied valuation. ApeVue's current implied valuation is compared to each company's latest funding round valuation:

Change in Composite Price

The plot below illustrates the change in composite price within the last 90 days.

Activity

The plot below displays the 90-day activity based on institutional-level ($1M+) broker contributions.

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