Ramp, the crypto infrastructure startup, raises $52.7 million in Series A funding

Ramp, a crypto infrastructure startup, raised $52.7 million in a Series A round led by Balderton Capital.

We’re excited to announce our $53M Series A funding round, led by @balderton. 🎉 🚀 pic.twitter.com/1VY9Wy30UJ

— Ramp Network (we are hiring!) (@RampNetwork) December 15, 2021

Participants in the round included NFX, Galaxy Digital, Seedcamp, Firstminute Capital, as well as Taavet Hinrikus, co-founder of Wise, and Francesco Simoneschi, CEO of TrueLayer. Rana Yared, Balderton Capital’s managing partner, joined Ramp’s board.

The funds will be used to expand the team and to forge new partnerships and broaden collaborations with notable players such as Mozilla, Opera, Sorare and Axie Infinity.

The Warsaw- and London-based company had planned to raise $30 million at a $300 million valuation, according to The Block. However, Ramp later raised its funding target.

Founded in 2017, the firm develops non-custodial payments infrastructure for a range of digital assets and NFTs. The company positions itself as the “PayPal for cryptocurrencies”.

In June Ramp raised $9 million in seed funding. 

Anchorage raised $350 million in its Series D round, as reported.

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