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Business & Economics

Ramp secures $13 billion valuation in deal allowing employees, investors to sell shares

CNBC
Summary
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75% Informative

New York -based Ramp has finalized a $150 million secondary deal, where employees and early investors can cash out.

Khosla Ventures , Thrive Capital and General Catalyst all bought shares in the deal.

The financing marks a step up from Ramp 's peak valuation of $8.1 billion in 2022 .

The rebound in value shows some renewed investor appetite for high-growth startups.

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85

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90

Neutral language

43

Article tone

formal

Language

English

Language complexity

39

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not offensive

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not hateful

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not detected

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short-lived

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