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Announced

Completed

D1 Capital Partners led a $115m Series B round in Ramp.

Financials

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Transaction Value£83m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Minority

Cross Border

Friendly

Payments / Commerce

Completed

Private Equity

Single Bidder

payment solutions

United States

Private

Venture Capital

Synopsis

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D1 Capital Partners led a $115m Series B round in Ramp, a technology company that develops corporate cards designed to save money for businesses, with participation from Goldman Sachs, Founders Fund, Coatue Management, Thrive Capital, Redpoint Ventures, Box Group, Neo, and Contrary Capital. "Ramp has quickly become a key player in the financial services ecosystem by challenging business practices and assumptions that have existed for nearly 50 years. The company attracts new customers by providing value and savings, and empowers CFOs and finance teams to operate at a higher level of efficiency. We look forward to supporting Ramp during its next phase of growth," Dan Sundheim, D1 Capital Partners Founder and CIO.

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