B2B finance automation platform Ramp acquires Venue to revamp procurement product
The value of the Venue acquisition has not been disclosed.
The value of the Venue acquisition has not been disclosed.
The firm’s new $5.8bn valuation represents a 28% drop from its $8.1bn valuation back in March 2022.
Cohere.io’s entire team, including CEO Yunyu Lin, will join Ramp as part of the deal.
The Series B follows Ramp’s $52.7 million Series A round in December 2021.
Ramp’s raise included $200 million in fresh equity funding and $550 million in debt financing.
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The start-up has also agreed a deal to acquire “negotiation-as-a-service” platform Buyer.
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