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- Ramp Network
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Nov 2022 | Series B | $450M |
| Dec 2021 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2022 | Series B | Cogito Capital Partners (lead); Korelya Capital (lead); Balderton Capital; NFX; Armyn Capital | $70M | $450M | - |
| Dec 2021 | Series A | Balderton Capital (lead); NFX (lead); Galaxy Digital; FJ Labs; Firstminute Capital; Keith Grose; Seedcamp; Francesco Simoneschi; Taavet Hinrikus | $53M | $300M | Ramp 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 2021 | Seed | Galaxy Digital (lead); NFX (lead); Balaji Srinivasan; Mozilla; Firstminute Capital; Keith Grose; Seedcamp; Francesco Simoneschi; Roham Gharegozlou; Taavet Hinrikus | $10M | - | - |
| Jul 2019 | Pre-seed | Andrew 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Jul 2019 | ||
| 3 | Participant | Jul 2019 | ||
| 3 | Lead | Jun 2021 | ||
| 2 | Lead | Jun 2021 | ||
| 2 | Lead | Dec 2021 | ||
| 2 | Participant | Jun 2021 | ||
| 2 | Participant | Jun 2021 | ||
| 2 | Participant | Jun 2021 | ||
| 1 | Lead | Nov 2022 | ||
| 1 | Participant | Jul 2019 | ||
| 1 | Participant | Jun 2021 | ||
| 1 | Participant | Jul 2019 | ||
| 1 | Participant | Dec 2021 | ||
This data is available for Pro users. Sign up to see all 25 Ramp Network investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialRamp Network Competitors
Ramp Network competitors include listed companies like Circle and Coincheck Group, and private ones like Magic, AscendEX, slice and Stader Labs.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $450M | - | ||
| Publicly listed | $2.7B | ($73M) | $22B | 6.8x | ||
| Private | - | - | $450M | - | ||
| Private | $100M | - | $450M | - | ||
| Private | - | - | $450M | - | ||
| Publicly listed | $3.1B | $354K | $364M | 0.2x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| - | - | - | - | - | - | |||
| $3.1B | $354K | 0.2x | 0.2x | 1312.3x | (189.0x) | |||
| $2.3B | ($98M) | 0.1x | 0.2x | (2.9x) | (27.3x) | |||
| $115M | $18M | 2.8x | 2.3x | 17.6x | 14.7x | |||
| $1.7B | $341M | 1.6x | 1.5x | 7.8x | 5.9x | |||
| $2M | ($3M) | 148.5x | - | (97.3x) | - | |||
| $478K | ($417K) | 1242.8x | - | (1423.4x) | - | |||
| - | - | - | - | - | - | |||
This data is available for Pro users. Sign up to see all Ramp Network competitors and their valuation data. Start Free Trial | ||||||||
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. |
See companies similar to Ramp Network
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