Crypto payments startup Ramp closes $52.7 million raise

Quick Take

  • Ramp has closed a Series A round led by Balderton Capital.
  • The startup has seen monthly transaction volumes grow 30 times over the last 12 months.

Ramp, the payments infrastructure crypto startup, has closed a $52.7 million Series A raise led by Balderton Capital, according to an announcement.

The Block reported in October that the company, which is based in Warsaw and London, was set to raise $30 million at a $300 million valuation led by Balderton, citing people familiar with the matter. But a spokesperson for Ramp said yesterday that a larger sum had been sought from an early stage in negotiations. The company did not disclose a valuation in its announcement.

Existing backers NFX, Galaxy Digital, Seedcamp, Firstminute Capital and angel investors such as Wise co-founder Taavet Hinrikus and TrueLayer’s Francesco Simoneschi also participated. Balderton general partner Rana Yared has joined Ramp’s board.

Founded in 2017, Ramp offers a non-custodial payment infrastructure that helps exchanges, marketplaces and wallets to offer smoother paths to buying crypto and other digital assets, such as non-fungible tokens (NFTs). It styles itself as the ‘PayPal for crypto.’

Yared said in a statement that the Ramp team is “providing a reliable way in for new audiences by making buying digital assets as straightforward as buying US dollars when making a purchase from your favourite American brand in Euros.”

The Series A close comes barely six months after Ramp’s $9 million seed raise in June. The company said it has seen monthly transaction volumes grow by a factor of 30 times in the past 12 months, while tripling the size of its team.


Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our