Just six months after closing our Seed round, we're thrilled to announce we've raised a $52.7 million Series A round, led byBalderton Capital.
Four years ago, we set out to build a payments infrastructure application to simplify the exchange of value on public blockchains. During that time, we've launched and expanded our on-ramping products and have built an incredible community of partners, investors, and customers.
Today, Ramp is a partner to more than 400 developers, including Mozilla, Browser, Dapper Labs (the company behind NBA Top Shot), and top crypto and DeFi apps like Aave, Argent, Trust Wallet, and Zerion, as well as wildly popular games, Sorare and Axie Infinity.
From the outset, we've believed in the importance of regulation. FollowingFCA approvalin the UK, Ramp also received regulatory approval from US FinCen - the Financial Crimes Enforcement Network, which enables us to operate legally in the United States.
Demand for seamless on-ramping experiences shows no sign of slowing down - in just the last year alone, Ramp has grown its transaction volume 30x while our headcount has grown three-fold in just six months. But we're not stopping there.
Our Series A funding will be instrumental as we continue to expand our presence, develop our products and, ultimately, empower mainstream adoption of crypto.
Getting this far would only be possible with the support of our partners, customers and investors. But above all, this huge milestone is thanks to the incredible work and tireless dedication of Ramp’s staff. We’re continuing to build our team of world-leading talent - check out ourlatest openings here.
The Series A round was led by Balderton Capital. Existing investors NFX, Galaxy Digital, Seedcamp, Firstminute Capital also participated, alongside angel investors Taavet Hinrikus (Wise) and Francesco Simonesci (TrueLayer).