Ramp Hits $60 Billion Valuation in $1.85 Billion Funding Round

· Bloomberg ·

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Takeaways by Bloomberg AI

Fintech startup Ramp has reached a roughly $60 billion valuation with its latest fundraising effort, according to people familiar with the matter.

Dragoneer Investment Group and Thrive Capital led the round, with Founders Fund also contributing a large check, the people said, who asked not to be identified because the matter is private. The company brought in about $1.85 billion in the round, another person said.