Corporate Spending Startup Ramp Raises $750 Million at an $8 Billion Valuation

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In 2022, spotting a unicorn is no longer that rare or impressive. Nearly 1,000 private companies fit the billion-dollar valuation description, according to CB Insights. So what is still rare and impressive? Achieving so-called octocorn status.

Corporate credit card and expenses start-up Ramp has done just that, only six months since earning unicorn status no less. On Monday, the company formally announced a $750 million capital raise at an eye-watering valuation just north of $8 billion.

Source Fool.com