The Ledger
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Ramp hit an $8.1B valuation before crossing $100M in annual revenue.
“By the end of 20, 21 again, I think the multiples really hadn't changed too much, but the company ended with an 8.1 billion dollar valuation. And we were coming up to, but hadn't yet crossed a hundred million a year in revenue.”
Ramp doubles yearly, holding 1.5% of the US corporate card market.
“We're still just about doubling each year at enormous scale. I think we are one and a half percent ish of the corporate and small business card market in the US.”
Ramp scaled from $1M to $100M in revenue in under 17 months.
“I want to say like 15 to 17 months from a million to a hundred million.”
Ramp acquired Buyer.co, a 'negotiating-as-a-service' startup taking a percentage of savings
“There's this company called buyer.co and my friend started it and it was called negotiating as a service and they would negotiate anything on your behalf and take a percentage of the savings and the company sold to ramp.”