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Fintech startup Ramp raises $300M at a 28% lower valuation of $5.8B
Fintech startup Ramp has raised $300 million in a funding round co-led by existing backer Thrive Capital and new investor Sands Capital at a post-money valuation of $5.8 billion. The Information reported last week that spend management company Ramp was raising “several hundred million dollars” at a $5.5 billion valuation. Ramp last raised in March […]
Aug 22, 2023
The fallout after Bolt’s aggressive fundraising attempt has been wild
This past week was a wild one in the world of fintech as Bolt surprised the industry with a leaked term sheet that revealed it is trying to raise $200 million in equity and an unusual, additional $250 million in “marketing credits.” As part of this deal, Bolt wanted a $14 billion valuation bolstered by an aggressive pay-to-play type cramdown that would try and force its existing investors to cough up more cash, too, or essentially lose their stakes to a 1 cent per share buyout. The industry re
Aug 24, 2024
Troubled startup CaaStle is now facing two new lawsuits and more allegations
CaaStle, the embattled fashion startup whose board of directors accused its founder, Christine Hunsicker, of financial misconduct, is starting to face
Apr 29, 2025
Employer.com offers to buy failed fintech Level, a week after it makes offer for Bench
Employer.com has offered to acquire Level, a fintech startup that just last week abruptly shut down after failing to find a buyer, according to The Information. But Level is still mulling over the offer, its Employer.com CMO Matt Charney told TechCrunch. “It’s with legal,” he said. Update: there are other details, beyond legal, that are currently being ironed out, according to a source close to the deal. Founded in 2018 by early Square employee Paul Aaron, Level had raised a known $30.8 million
Jan 7, 2025