Ramp Network Valuation, Funding & Investors

Ramp Network is valued at $450M as of November 2022.

Last Ramp Network valuation

$450M

Series B · Nov 2022

Last Ramp Network funding round

$70M

Series B · Nov 2022

Cumulative funding Ramp Network raised

$134M

across 4 funding rounds

Key investors in Ramp Network

  • Seedcamp
  • NFX
  • Firstminute Capital
  • Balderton Capital
  • Galaxy Digital
  • Taavet Hinrikus

Ramp Network Overview

About Ramp Network

Ramp Network is a Warsaw-headquartered fintech company founded in 2017 that builds payment infrastructure connecting cryptocurrency ecosystems with traditional banking rails. It offers fiat-to-crypto on-ramp services supporting bank transfers, cards, and local payment methods in over 150 countries. The platform enables seamless conversions for exchanges, wallets, and dApps without requiring third-party custodians, powering transactions for platforms like Polygon and Optimism.


Founded

2017

HQ

PolandWarsaw

Status

Privately held

Customer focus

B2B

Revenue model

Commission

Valuation

$450M (Nov 2022)

Ramp Network Valuation

Ramp Network is currently valued at $450M, based on its Series B in November 2022.

The $70M round was led by Cogito Capital Partners and Korelya Capital, with participation from Balderton Capital, NFX and Armyn Capital.

Ramp Network's valuation has grown 1.5x from $300M at its Series A in December 2021 to $450M in November 2022, across 2 priced rounds.

Ramp Network valuation by funding round

Ramp Network valuation by funding round
DateStageValuation
Nov 2022Series B$450M
Dec 2021Series A$300M

Ramp Network Funding History

Ramp Network has raised a total of $134M across 4 funding rounds.

Ramp Network's first fundraising round was a $1M pre-seed round in July 2019. The most recent completed round was a $70M Series B in November 2022.

Ramp Network funding rounds

Ramp Network funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2022Series BCogito Capital Partners (lead); Korelya Capital (lead); Balderton Capital; NFX; Armyn Capital$70M$450M-
Dec 2021Series ABalderton Capital (lead); NFX (lead); Galaxy Digital; FJ Labs; Firstminute Capital; Keith Grose; Seedcamp; Francesco Simoneschi; Taavet Hinrikus$53M$300MRamp Network is a crypto payments infrastructure provider founded in 2017 by Szymon Sypniewicz (CEO) and Przemek Kowalczyk (CTO, CPO), offering non-custodial, full-stack solutions to simplify on-ramping fiat to cryptocurrencies on public blockchains. The company emphasizes regulatory compliance, having secured FCA registration in the UK and FinCEN approval in the US, and focuses on transparent fees and seamless user experience to enable mainstream adoption of decentralized applications and DeFi. In December 2021, Ramp Network raised $52.7 million in a Series A round led by Balderton Capital and NFX, with participation from existing investors Galaxy Digital, Seedcamp, Firstminute Capital, and angels including Taavet Hinrikus (Wise) and Francesco Simoneschi (TrueLayer). The round brought total funding to $63 million and valued the company at $300 million post-money. Balderton's Rana Yared joined the board to support expansion. At the time, Ramp had achieved 30x growth in monthly transaction volume over the prior 12 months, tripled its team size, and partnered with over 400 developers including Mozilla, Dapper Labs (NBA Top Shot), Aave, Argent, Trust Wallet, Zerion, Sorare, and Axie Infinity. It served as the exclusive on-ramping partner for Sorare and Flow blockchain. Ramp positions itself against competitors like Wyre and MoonPay by prioritizing transaction transparency, upfront fees, and regulatory approvals. The funding aimed to fuel product development, team growth, geographic expansion, and further integration into banking apps and new crypto use cases.
Jun 2021SeedGalaxy Digital (lead); NFX (lead); Balaji Srinivasan; Mozilla; Firstminute Capital; Keith Grose; Seedcamp; Francesco Simoneschi; Roham Gharegozlou; Taavet Hinrikus$10M--
Jul 2019Pre-seedAndrew Cronk; Matt Harrop; Buckley Endeavors; Firstminute Capital; Sky; Seedcamp; Fabric Ventures; Marcus Erken; Josh Buckley; Max Moldenhauer; Iain Simpson; Lorien Gabel$1M--

Who has invested in Ramp Network?

25 investors have backed Ramp Network across its funding rounds, including Seedcamp, NFX, Firstminute Capital, Balderton Capital, Galaxy Digital and Taavet Hinrikus.

Lead investors include Cogito Capital Partners, Korelya Capital, Balderton Capital, NFX and Galaxy Digital.


Ramp Network Investors

Investors in Ramp Network by funding rounds participated
InvestorHQRoundsRoleFirst check
Firstminute CapitalUnited KingdomLondon3ParticipantJul 2019
SeedcampUnited KingdomLondon3ParticipantJul 2019
NFXUnited StatesSan Francisco, CA3LeadJun 2021
Galaxy DigitalUnited StatesNew York City, NY2LeadJun 2021
Balderton CapitalUnited KingdomLondon2LeadDec 2021
Keith GroseUnited KingdomLondon2ParticipantJun 2021
Francesco SimoneschiUnited KingdomLondon2ParticipantJun 2021
Taavet HinrikusUnited KingdomLondon2ParticipantJun 2021
Korelya CapitalFranceParis1LeadNov 2022
Andrew CronkUnited StatesAsheville, NC1ParticipantJul 2019
Balaji SrinivasanSingaporeSingapore1ParticipantJun 2021
Matt HarropCanadaToronto1ParticipantJul 2019
FJ LabsUnited StatesNew York City, NY1ParticipantDec 2021

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Ramp Network Competitors

Ramp Network competitors include listed companies like Circle and Coincheck Group, and private ones like Magic, AscendEX, slice and Stader Labs.

Public and private companies comparable to Ramp Network
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
MagicUnited StatesSan Francisco, CAPrivate--$450M-
CircleUnited StatesUnited StatesPublicly listed$2.7B($73M)$22B6.8x
AscendEXSingaporeSingaporePrivate--$450M-
sliceIndiaBangalorePrivate$100M-$450M-
Stader LabsSingaporeSingaporePrivate--$450M-
Coincheck GroupNetherlandsNetherlandsPublicly listed$3.1B$354K$364M0.2x

Ramp Network Public Comps

Ramp Network is still privately-owned, but its public comps include Stewards, Coincheck Group, Bakkt, GMO Financial Gate, Paysafe, Chaince Digital, Rhino Bitcoin, ProCap Financial, Indokripto Koin Semesta and Azkoyen.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Stewards------
Coincheck Group$3.1B$354K0.2x0.2x1312.3x(189.0x)
Bakkt$2.3B($98M)0.1x0.2x(2.9x)(27.3x)
GMO Financial Gate$115M$18M2.8x2.3x17.6x14.7x
Paysafe$1.7B$341M1.6x1.5x7.8x5.9x
Chaince Digital$2M($3M)148.5x-(97.3x)-
Rhino Bitcoin$478K($417K)1242.8x-(1423.4x)-
ProCap Financial------

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Common questions about Ramp Network

When was Ramp Network founded?Ramp Network was founded in 2017.
Where is Ramp Network headquartered?Ramp Network is headquartered in Warsaw, Poland.
Is Ramp Network publicly listed?No, Ramp Network is a private, VC-backed company.
What is Ramp Network's valuation?Ramp Network was last valued at $450M in its Series B in November 2022.
How much funding has Ramp Network raised?Ramp Network has raised $134M across 4 funding rounds.
What was Ramp Network's last funding round?Ramp Network's last funding round was a $70M Series B in November 2022, led by Cogito Capital Partners and Korelya Capital.
Who are Ramp Network's investors?Ramp Network's investors include Firstminute Capital, Seedcamp, NFX, Galaxy Digital, Balderton Capital, Keith Grose, Francesco Simoneschi, Taavet Hinrikus, Korelya Capital, Andrew Cronk and 15 others.
Which companies are comparable to Ramp Network?Companies comparable to Ramp Network include Magic, Circle, AscendEX, slice, Stader Labs and Coincheck Group.

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