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March 3, 2025 - Deals
Stripes, GIC, Avenir Growth, And Thrive Capital Acquire Ramp From Eric Glyman
Ramp, a NYC-based financial operations platform, announced a $150M secondary sale from employees and early investors to new and existing backers, including Stripes, GIC, Avenir Growth, and Thrive Capital, valuing the company at $13B. Founded in 2019 and led by CEO Eric Glyman, Ramp integrates payments, corporate cards, vendor management, and travel booking, helping 30,000+ businesses save $2B and 20M hours. Recent milestones include launching Ramp Procurement, Travel, and Treasury, expanding its App Center to 200+ integrations, and automating 100M+ business workflows.
INVESTORS: Stripes, GIC, Avenir Growth, Thrive Capital, Khosla Ventures, General Catalyst, Lux Capital, 137 Ventures & Definition Capital
AMOUNT: $150,000,000
VALUATION: $13,000,000,000
HQ: #NewYork #NY #NewYorkCity #NYC
#VentureCapital #Ramp #Stripes #GIC #AvenirGrowth #ThriveCapital #KhoslaVentures #GeneralCatalyst #LuxCapital #137Ventures #DefinitionCapital #EricGlyman #TradedVC
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Colossal Biosciences In Talks For Funding Round Targeting $23 Billion ValuationColossal Biosciences, the de-extinction biotech startup known for its efforts to recreate the woolly mammoth and other extinct species, is reportedly in talks to raise new funding at a valuation of roughly $23 billion–$24 billion, according to Axios. The potential raise would mark a significant jump for the five-year-old company, with investors valuing not only its genetic-engineering programs but also its broader genomics, reproductive technology, conservation, and intellectual property platform. Colossal has begun generating revenue through conservation technology sales and technology spinouts, including Astromech, an AI-driven predictive modeling company, and Form Bio, a computational biology platform, expanding its value beyond de-extinction efforts.
FOUNDERS: Ben Lamm & George Church
TARGET VALUATION: $23,000,000,000
HQ: Dallas, Texas
#VentureCapital #ColossalBiosciences #BenLamm #GeorgeChurch #TradedVC