Peter Thiel, Goldman, Citi invest in finance automation company Ramp

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Peter Thiel, Goldman, Citi invest in finance automation company Ramp

Dow Jones2022-03-21

MW Peter Thiel, Goldman, Citi invest in finance automation company Ramp

Ramp Business Corp. said Monday it raised $750 million from private investors in a deal that values the New York-based financial technology and finance automation company at $8.1 billion. Founders Fund, the investment firm backed by billionaire Peter Thiel, led the round, with participation from several existing investors including D1 Capital Partners, Thrive Capital, Redpoint Ventures, Coatue Management, Iconiq, Altimeter, Stripe, Lux Capital, Vista Public Strategies, Spark Capital, and Definition Capital. New investors that took part included General Catalyst, Avenir Growth Capital, 137 Ventures, and Declaration Partners. Ramp also announced $550 million in debt financing including $300 million from $Citigroup Inc(C-N)$. $(C)$ and an additional $150 million from Goldman Sachs Group Inc. $(GS)$, which had already committed $150 million.

-Steve Gelsi

$(END)$ Dow Jones Newswires

March 21, 2022 08:21 ET (12:21 GMT)

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MinkyHuat
·2022-03-29
Hopefully up soon
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wyyw
·2022-03-21
Gogogo
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Founders Fund, the investment firm backed by billionaire Peter Thiel, led the round, with participation from several existing investors including D1 Capital Partners, Thrive Capital, Redpoint Ventures, Coatue Management, Iconiq, Altimeter, Stripe, Lux Capital, <a href=\"https://laohu8.com/S/VGL.AU\">Vista</a> Public Strategies, Spark Capital, and Definition Capital. New investors that took part included General Catalyst, Avenir Growth Capital, 137 Ventures, and Declaration Partners. 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Ramp also announced $550 million in debt financing including $300 million from $Citigroup Inc(C-N)$. <a href=\"https://laohu8.com/S/C\">$(C)$</a> and an additional $150 million from Goldman Sachs Group Inc. <a href=\"https://laohu8.com/S/GS\">$(GS)$</a>, which had already committed  $150 million. \n</p>\n<p>\n  -Steve Gelsi \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  March 21, 2022 08:21 ET (12:21 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Peter Thiel, Goldman, Citi invest in finance automation company Ramp</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPeter Thiel, Goldman, Citi invest in finance automation company Ramp\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-03-21 20:21</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Peter Thiel, Goldman, Citi invest in finance automation company Ramp\n</p>\n<p>\n  Ramp Business Corp. said Monday it raised $750 million from private investors in a deal that values the New York-based financial technology and finance automation company at $8.1 billion. Founders Fund, the investment firm backed by billionaire Peter Thiel, led the round, with participation from several existing investors including D1 Capital Partners, Thrive Capital, Redpoint Ventures, Coatue Management, Iconiq, Altimeter, Stripe, Lux Capital, <a href=\"https://laohu8.com/S/VGL.AU\">Vista</a> Public Strategies, Spark Capital, and Definition Capital. New investors that took part included General Catalyst, Avenir Growth Capital, 137 Ventures, and Declaration Partners. Ramp also announced $550 million in debt financing including $300 million from $Citigroup Inc(C-N)$. <a href=\"https://laohu8.com/S/C\">$(C)$</a> and an additional $150 million from Goldman Sachs Group Inc. <a href=\"https://laohu8.com/S/GS\">$(GS)$</a>, which had already committed  $150 million. \n</p>\n<p>\n  -Steve Gelsi \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  March 21, 2022 08:21 ET (12:21 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4127":"投资银行业与经纪业","BK4023":"应用软件","BK4106":"数据处理与外包服务","C":"花旗","BK4554":"元宇宙及AR概念","PYPL":"PayPal","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","BK4524":"宅经济概念","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4543":"AI","BK4550":"红杉资本持仓","BK4552":"Archegos爆仓风波概念","BK4207":"综合性银行","BK4551":"寇图资本持仓","GS":"高盛","BK4547":"WSB热门概念","BK4581":"高盛持仓","BK4504":"桥水持仓","PLTR":"Palantir Technologies Inc."},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2221703560","content_text":"MW Peter Thiel, Goldman, Citi invest in finance automation company Ramp\n\n\n  Ramp Business Corp. said Monday it raised $750 million from private investors in a deal that values the New York-based financial technology and finance automation company at $8.1 billion. Founders Fund, the investment firm backed by billionaire Peter Thiel, led the round, with participation from several existing investors including D1 Capital Partners, Thrive Capital, Redpoint Ventures, Coatue Management, Iconiq, Altimeter, Stripe, Lux Capital, Vista Public Strategies, Spark Capital, and Definition Capital. New investors that took part included General Catalyst, Avenir Growth Capital, 137 Ventures, and Declaration Partners. Ramp also announced $550 million in debt financing including $300 million from $Citigroup Inc(C-N)$. $(C)$ and an additional $150 million from Goldman Sachs Group Inc. $(GS)$, which had already committed  $150 million. \n\n\n  -Steve Gelsi \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  March 21, 2022 08:21 ET (12:21 GMT)\n\n\n  Copyright (c) 2022 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9034633310,"gmtCreate":1647871596635,"gmtModify":1676534274108,"author":{"id":"3580726036584621","authorId":"3580726036584621","name":"wyyw","avatar":"https://static.tigerbbs.com/2ccef0c08c538bfeaef3eb7c5e169006","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3580726036584621","idStr":"3580726036584621"},"htmlText":"Gogogo","listText":"Gogogo","text":"Gogogo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034633310","repostId":2221703560,"repostType":2,"repost":{"id":"2221703560","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1647865260,"share":"https://ttm.financial/m/news/2221703560?lang=&edition=fundamental","pubTime":"2022-03-21 20:21","market":"us","language":"en","title":"Peter Thiel, Goldman, Citi invest in finance automation company Ramp","url":"https://stock-news.laohu8.com/highlight/detail?id=2221703560","media":"Dow Jones","summary":"MW Peter Thiel, Goldman, Citi invest in finance automation company Ramp\n\n\n  Ramp Business Corp. said","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Peter Thiel, Goldman, Citi invest in finance automation company Ramp\n</p>\n<p>\n  Ramp Business Corp. said Monday it raised $750 million from private investors in a deal that values the New York-based financial technology and finance automation company at $8.1 billion. Founders Fund, the investment firm backed by billionaire Peter Thiel, led the round, with participation from several existing investors including D1 Capital Partners, Thrive Capital, Redpoint Ventures, Coatue Management, Iconiq, Altimeter, Stripe, Lux Capital, <a href=\"https://laohu8.com/S/VGL.AU\">Vista</a> Public Strategies, Spark Capital, and Definition Capital. New investors that took part included General Catalyst, Avenir Growth Capital, 137 Ventures, and Declaration Partners. Ramp also announced $550 million in debt financing including $300 million from $Citigroup Inc(C-N)$. <a href=\"https://laohu8.com/S/C\">$(C)$</a> and an additional $150 million from Goldman Sachs Group Inc. <a href=\"https://laohu8.com/S/GS\">$(GS)$</a>, which had already committed  $150 million. \n</p>\n<p>\n  -Steve Gelsi \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  March 21, 2022 08:21 ET (12:21 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Peter Thiel, Goldman, Citi invest in finance automation company Ramp</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPeter Thiel, Goldman, Citi invest in finance automation company Ramp\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-03-21 20:21</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Peter Thiel, Goldman, Citi invest in finance automation company Ramp\n</p>\n<p>\n  Ramp Business Corp. said Monday it raised $750 million from private investors in a deal that values the New York-based financial technology and finance automation company at $8.1 billion. Founders Fund, the investment firm backed by billionaire Peter Thiel, led the round, with participation from several existing investors including D1 Capital Partners, Thrive Capital, Redpoint Ventures, Coatue Management, Iconiq, Altimeter, Stripe, Lux Capital, <a href=\"https://laohu8.com/S/VGL.AU\">Vista</a> Public Strategies, Spark Capital, and Definition Capital. New investors that took part included General Catalyst, Avenir Growth Capital, 137 Ventures, and Declaration Partners. Ramp also announced $550 million in debt financing including $300 million from $Citigroup Inc(C-N)$. <a href=\"https://laohu8.com/S/C\">$(C)$</a> and an additional $150 million from Goldman Sachs Group Inc. <a href=\"https://laohu8.com/S/GS\">$(GS)$</a>, which had already committed  $150 million. \n</p>\n<p>\n  -Steve Gelsi \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  March 21, 2022 08:21 ET (12:21 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4127":"投资银行业与经纪业","BK4023":"应用软件","BK4106":"数据处理与外包服务","C":"花旗","BK4554":"元宇宙及AR概念","PYPL":"PayPal","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","BK4524":"宅经济概念","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4543":"AI","BK4550":"红杉资本持仓","BK4552":"Archegos爆仓风波概念","BK4207":"综合性银行","BK4551":"寇图资本持仓","GS":"高盛","BK4547":"WSB热门概念","BK4581":"高盛持仓","BK4504":"桥水持仓","PLTR":"Palantir Technologies Inc."},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2221703560","content_text":"MW Peter Thiel, Goldman, Citi invest in finance automation company Ramp\n\n\n  Ramp Business Corp. said Monday it raised $750 million from private investors in a deal that values the New York-based financial technology and finance automation company at $8.1 billion. Founders Fund, the investment firm backed by billionaire Peter Thiel, led the round, with participation from several existing investors including D1 Capital Partners, Thrive Capital, Redpoint Ventures, Coatue Management, Iconiq, Altimeter, Stripe, Lux Capital, Vista Public Strategies, Spark Capital, and Definition Capital. New investors that took part included General Catalyst, Avenir Growth Capital, 137 Ventures, and Declaration Partners. Ramp also announced $550 million in debt financing including $300 million from $Citigroup Inc(C-N)$. $(C)$ and an additional $150 million from Goldman Sachs Group Inc. $(GS)$, which had already committed  $150 million. \n\n\n  -Steve Gelsi \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  March 21, 2022 08:21 ET (12:21 GMT)\n\n\n  Copyright (c) 2022 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":7,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}