
Andrew Unger
1.6K posts

Andrew Unger
@unger
Investing @ConversionCap



Ramp has reached a new valuation: $22.5 billion. To our 40,000+ customers: we’re deeply grateful for you trusting us with your finances. To our team: we still serve just 1.5% of businesses in the US. 98.5% to go.








Look, my meme dealer is as exhausted as you are, but the net present value of Ramp’s future cashflows has increased by $6.5 billion in the past 43 days ($151,162,790 per day), and so…





excited to share a bit more about what we’ve been up to at @usevesta with @fortunemagazine, and thanks to our early customers who’ve helped us get to this point. we're excited to over 30x our volume in the coming months and are actively hiring!

Today, @tryramp reached a new valuation: $13 billion. We’re not Steve Jobs or Wilbur Wright. We won’t invent the next iPhone or flying machine. Our job is more modest: save you time and money, so perhaps you can. (1/6)



Chat8VC, our monthly GAI series, returns to Ramp’s NYC HQ 6/25, focused on frontend w/ an all-star lineup @rauchg & @leeerob (@vercel) and @koblovinamerica & @nzgb (@tryramp) + demos/cocktails/conversation. A few spots remain and we’d love for you to join: gatsby.events/rsvp/chat-8-vc…



Ramp famously has a day count on how many days they’ve been in business. Today is day 1873 & they have: 💰$7.65 billion valuation 💵 Over $1 billion raised 💳 1% SMB spend on Ramp cards “They are the fastest execution machine in the world.” My top 6 takeaways with @rabois and @eglyman 👇

Ramp is completing a $150 million Series D-2 funding round, raising the company’s valuation to $7.65 billion. This round was co-led by @khoslaventures and @foundersfund, with additional new investors @sequoia, @GreylockVC, and @8vc. Our existing investors @ThriveCapital, @generalcatalyst, Sands Capital, D1 Capital Partners, @Lux_Capital, @ICONIQGrowth, Definition Capital, @contrary, and more are doubling down. Thank you to our partners and supporters for believing in our vision. This isn’t just a financial milestone. It's a recognition of every customer who has trusted Ramp to redefine their financial operations – and a bet on every customer who will trust us in the future. More details below…

I spent many years worried about my relative lack of rigor in my business and gradually came to realize that the market standard even for businesses with substantial external capital and millions of revenue is *highly variable* about level of professionalism.




