.
MergerLinks Header Logo

Announced

Completed

Founders Fund led a $300m Series C round in Ramp.

Financials

Edit Data
Transaction Value£220m
Consideration TypeCash
Capital Owned-
Capital Bid For8%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Cross Border

Acquisition

Private

Minority

Payments / Commerce

payment solutions

United States

Completed

Private Equity

Friendly

Venture Capital

Synopsis

Edit

Founders Fund, a venture capital firm, led a $300m Series C round in Ramp, a producer of entertainment software products, with participation from Redpoint, Thrive Capital, D1 Capital Partners, Coatue, Spark Capital, Stripe, Box Group, Conversion Capital, Lux Capital, Iconiq Capital, Altimeter Capital, Vista Public Strategies, A* Partners, Definition Capital, Honeycomb, Flexport, Lachy Groom Fund, Olive Tree, and Kinetic. "Soon Ramp will be able to go beyond simply identifying savings opportunities and actively secure those savings for you. Up to now, we’ve provided savings insights based on your past transactions but now we’ll be able to proactively save you money before you spend. We’ll help you get the best price on everything from travel to software, using benchmark data derived from the millions of transactions on Ramp while sparing you from the tedious back-and-forth with vendors. In doing so, we’ll bring greater transparency and efficiency to B2B purchasing," Eric Glyman, Ramp Co-Founder and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US