Ratio valuation, funding and investors
Ratio works in technology procurement financing solutions, based in San Mateo, United States. Founded in 2021, it has about 49 employees.
- Last round
- Growth · $100M · Apr 2026
- Valuation at last round
- $1.11B · implied
- Headcount
- 49 · up
- Grade
- B
- Founded
- 2021
Ratio valuation today
VCMC values Ratio at $1.2B today, with a range of $740M to $1.9B and a grade of B. The valuation starts from its last funding round, a growth round in Apr 2026.
Valuation by date (73 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2021 | $21.7M | $7.88M – $59.5M | $24.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2021 | $21.9M | $7.96M – $60.0M | $24.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2021 | $22.0M | $8.02M – $60.5M | $24.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2021 | $22.2M | $8.10M – $61.1M | $24.6M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2021 | $22.4M | $8.17M – $61.6M | $24.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2021 | $22.6M | $8.24M – $62.2M | $25.0M (+10%) | before first round | – | unknown | D | 0% |
| 1 Jul 2021 | $22.8M | $8.32M – $62.7M | $25.2M (+10%) | before first round | – | unknown | D | 0% |
| 1 Aug 2021 | $23.1M | $8.39M – $63.3M | $25.4M (+10%) | before first round | – | unknown | D | 0% |
| 1 Sep 2021 | $23.3M | $8.47M – $63.9M | $25.6M (+10%) | before first round | – | unknown | D | 0% |
| 1 Oct 2021 | $23.5M | $8.54M – $64.5M | $25.8M (+10%) | before first round | – | unknown | D | 0% |
| 1 Nov 2021 | $23.7M | $8.62M – $65.1M | $26.0M (+10%) | before first round | – | unknown | D | 0% |
| 1 Dec 2021 | $23.9M | $8.70M – $65.6M | $26.1M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jan 2022 | $24.1M | $8.78M – $66.2M | $26.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 Feb 2022 | $17.4M | $6.33M – $47.8M | $19.0M (+9%) | before first round | 2 | unknown | D | 0% |
| 1 Mar 2022 | $17.5M | $6.37M – $48.1M | $19.1M (+9%) | before first round | 2 | unknown | D | 0% |
| 1 Apr 2022 | $17.6M | $6.42M – $48.4M | $19.3M (+9%) | before first round | 2 | unknown | D | 0% |
| 1 May 2022 | $17.8M | $6.47M – $48.8M | $19.4M (+9%) | before first round | 2 | unknown | D | 0% |
| 1 Jun 2022 | $17.9M | $6.52M – $49.2M | $19.5M (+9%) | before first round | 2 | unknown | D | 0% |
| 1 Jul 2022 | $18.0M | $6.56M – $49.5M | $19.7M (+9%) | before first round | 2 | unknown | D | 0% |
| 1 Aug 2022 | $18.2M | $6.61M – $49.9M | $19.8M (+9%) | before first round | 2 | unknown | D | 0% |
| 1 Sep 2022 | $18.3M | $6.66M – $50.3M | $20.0M (+9%) | before first round | 2 | unknown | D | 0% |
| 16 Sep 2022 | $617M | $435M – $963M | $678M (+10%) | after a round | 2 | unknown | B | 0% |
| 1 Oct 2022 | $619M | $435M – $963M | $678M (+10%) | after a round | 2 | unknown | B | 0% |
| 1 Nov 2022 | $624M | $435M – $963M | $678M (+9%) | after a round | 2 | unknown | B | 0% |
| 1 Dec 2022 | $629M | $435M – $963M | $678M (+8%) | after a round | 2 | unknown | B | 0% |
| 1 Jan 2023 | $634M | $435M – $963M | $678M (+7%) | after a round | 2 | unknown | B | 0% |
| 1 Feb 2023 | $639M | $435M – $963M | $678M (+6%) | after a round | 2 | unknown | B | 0% |
| 1 Mar 2023 | $644M | $435M – $963M | $678M (+5%) | after a round | 2 | unknown | B | 0% |
| 1 Apr 2023 | $649M | $435M – $963M | $678M (+4%) | after a round | 15 | growing | B | 0% |
| 1 May 2023 | $654M | $435M – $963M | $678M (+4%) | after a round | 15 | growing | B | 0% |
| 1 Jun 2023 | $660M | $435M – $963M | $678M (+3%) | after a round | 15 | growing | B | 0% |
| 1 Jul 2023 | $665M | $435M – $963M | $678M (+2%) | after a round | 15 | growing | B | 0% |
| 1 Aug 2023 | $670M | $435M – $963M | $678M (+1%) | after a round | 15 | growing | B | 0% |
| 1 Sep 2023 | $676M | $435M – $963M | $678M (0%) | after a round | 15 | unknown | B | 0% |
| 1 Oct 2023 | $678M | $433M – $963M | $678M (0%) | after a round | 21 | growing | B | 0% |
| 1 Nov 2023 | $678M | $430M – $963M | $678M (0%) | after a round | 21 | growing | B | 0% |
| 1 Dec 2023 | $678M | $426M – $963M | $678M (0%) | after a round | 21 | growing | B | 0% |
| 1 Jan 2024 | $678M | $423M – $963M | $678M (0%) | after a round | 21 | growing | B | 0% |
| 1 Feb 2024 | $678M | $420M – $963M | $678M (0%) | after a round | 21 | growing | B | 0% |
| 1 Mar 2024 | $678M | $417M – $963M | $678M (0%) | after a round | 26 | growing | B | 0% |
| 1 Apr 2024 | $678M | $414M – $963M | $678M (0%) | after a round | 26 | growing | B | 0% |
| 1 May 2024 | $678M | $411M – $963M | $678M (0%) | after a round | 26 | growing | B | 0% |
| 1 Jun 2024 | $678M | $407M – $963M | $678M (0%) | after a round | 26 | growing | B | 0% |
| 1 Jul 2024 | $678M | $404M – $963M | $678M (0%) | after a round | 33 | growing | B | 0% |
| 1 Aug 2024 | $678M | $401M – $963M | $678M (0%) | after a round | 33 | growing | B | 0% |
| 1 Sep 2024 | $678M | $398M – $963M | $678M (0%) | after a round | 33 | growing | B | 0% |
| 1 Oct 2024 | $678M | $376M – $963M | $678M (0%) | after a round | 33 | growing | B | 0% |
| 1 Nov 2024 | $678M | $372M – $963M | $678M (0%) | after a round | 37 | growing | B | 0% |
| 1 Dec 2024 | $678M | $368M – $963M | $678M (0%) | after a round | 37 | growing | B | 0% |
| 1 Jan 2025 | $678M | $363M – $963M | $678M (0%) | after a round | 37 | growing | B | 0% |
| 1 Feb 2025 | $678M | $359M – $963M | $678M (0%) | after a round | 37 | growing | B | 0% |
| 1 Mar 2025 | $678M | $355M – $963M | $678M (0%) | after a round | 37 | growing | B | 0% |
| 1 Apr 2025 | $678M | $351M – $963M | $678M (0%) | after a round | 37 | growing | B | 0% |
| 1 May 2025 | $678M | $347M – $963M | $678M (0%) | after a round | 37 | growing | B | 0% |
| 1 Jun 2025 | $678M | $343M – $963M | $678M (0%) | after a round | 37 | growing | B | 0% |
| 1 Jul 2025 | $678M | $339M – $963M | $678M (0%) | after a round | 37 | growing | B | 0% |
| 1 Aug 2025 | $678M | $335M – $963M | $678M (0%) | after a round | 39 | growing | B | 0% |
| 1 Sep 2025 | $678M | $331M – $963M | $678M (0%) | after a round | 39 | growing | B | 0% |
| 1 Oct 2025 | $676M | $127M – $959M | $623M (-8%) | after a round | 34 | flat | D | 0% |
| 1 Nov 2025 | $671M | $121M – $953M | $619M (-8%) | after a round | 34 | flat | D | 0% |
| 1 Dec 2025 | $671M | $146M – $952M | $635M (-5%) | after a round | 42 | up | C | 0% |
| 1 Jan 2026 | $667M | $140M – $947M | $632M (-5%) | after a round | 42 | up | C | 0% |
| 1 Feb 2026 | $664M | $134M – $943M | $629M (-5%) | after a round | 44 | up | C | 0% |
| 1 Mar 2026 | $661M | $129M – $939M | $626M (-5%) | after a round | 44 | up | C | 0% |
| 1 Apr 2026 | $658M | $123M – $934M | $623M (-5%) | after a round | 44 | up | D | 0% |
| 15 Apr 2026 | $1.1B | $730M – $1.9B | $1.2B (+10%) | after a round | 44 | up | B | 0% |
| 1 May 2026 | $1.1B | $730M – $1.9B | $1.2B (+10%) | after a round | 46 | up | B | 0% |
| 1 Jun 2026 | $1.1B | $730M – $1.9B | $1.2B (+9%) | after a round | 46 | up | B | 0% |
| 1 Jul 2026 | $1.1B | $730M – $1.9B | $1.2B (+8%) | after a round | 46 | up | B | 0% |
| 1 Aug 2026 | $1.1B | $730M – $1.9B | $1.2B (+7%) | after a round | 46 | up | B | 0% |
| 1 Sep 2026 | $1.2B | $730M – $1.9B | $1.2B (+6%) | after a round | 46 | up | B | 0% |
| 1 Oct 2026 | $1.2B | $740M – $1.9B | $1.2B (+6%) | after a round | 49 | up | B | 0% |
| 24 Oct 2026 | $1.2B | $740M – $1.9B | $1.2B (+5%) | after a round | 49 | up | B | 0% |
Key facts about Ratio
- Founded
- 2021
- Headquarters
- San Mateo, United States
- Employees
- about 49 +44% in a year
- Total raised
- $527M
- Funding rounds
- 4
- Last round
- Other Apr 2026
Ratio was founded in 2021 by Ashish Srimal and Mason Blake.
Ratio funding history
Ratio has 4 funding rounds on record, from Sep 2022 to Apr 2026, $527M in total. None disclosed a valuation.
Other 14 Apr 2026no round page
Led by Streamlined Ventures; with Cervin Ventures, Honeystone Ventures, Monte Carlo Capital, Jarvis Investments, Sand Hill Angels.
Sources: finsmes.com, globenewswire.com, fintechfutures.com and 3 more
$16M
Growth Equity 14 Apr 2026
Investors not disclosed.
Sources: finsmes.com, fintechfutures.com, globenewswire.com
$100M
Seed 15 Sep 2022
Led by Streamlined Ventures; with Cervin Ventures, 8-Bit Capital, Honeystone Ventures.
Sources: ratiotech.com, fintechfutures.com
$11M
Growth Equity 15 Sep 2022
With Streamlined Ventures, Cervin Ventures, 8-Bit Capital, Honeystone Ventures.
Sources: finsmes.com, techcrunch.com, ratiotech.com and 2 more
$400M
Ratio investors
7 investors have backed Ratio; Streamlined Ventures led at least one round.
- Cervin Ventures 3 rounds
- 8-Bit Capital 2 rounds
- Jarvis Investments
What Ratio does
Ratio works in loans & financing, with 15 recorded offerings and customers in financial technology, saas and technology.
Ratio Technologies, Inc. is an American financial technology company that provides technology procurement and funding solutions. The company operates a platform that integrates payments, predictive pricing, financing, and a quote-to-cash process for SaaS and technology companies. Its offerings include buy-now-pay-later payment solutions and revenue-based financing, as well as a multi-trillion-dollar fixed income asset class for investors. Ratio also develops proprietary algorithms and underwriting processes to support its operations.
Description from Veridion's company data.
Products and services
- Technology Procurement Financing Solutions
- Buy-Now-Pay-Later Payment Solutions
- Revenue-Based Financing Solutions
- Predictive Pricing Solutions
- Quote-to-Cash Process Automation
- AI-Driven Risk Assessment Services
- Underwriting Services
- Fixed Income Asset Creation Services
- Multi-Trillion Dollar Fixed Income Asset Development
- SaaS and Technology Company Sales Acceleration Services
- Flexible Payment Solutions Development
- Embedded Financing Solutions
- Non-Dilutive Capital Solutions
- Seamless System Integration Services
- Multi-Industry Technology Financing Solutions
Markets
- Financial Technology
- SaaS
- Technology
Technology
- AI-Driven Predictive Pricing
- AI-Driven Underwriting Algorithms
Business model
- Business-to-Business
- Software-as-a-Service
- Enterprise
Industry codes (NAICS)
- 522299 International, Secondary Market, and All Other Nondepository Credit Intermediation 50% match
- 541511 Custom Computer Programming Services 30% match
- 522320 Financial Transactions Processing, Reserve, and Clearinghouse Activities 20% match
Questions about Ratio
What is Ratio worth?
Valuation $1.2B (range $740M to $1.9B), as of 24 Oct 2026.
Has Ratio raised money?
Ratio has 4 funding rounds on record, from Sep 2022 to Apr 2026, $527M in total. None disclosed a valuation.
Who has invested in Ratio?
Streamlined Ventures, Cervin Ventures, Honeystone Ventures, 8-Bit Capital, Jarvis Investments and Monte Carlo Capital, and 1 more. Lead investors include Streamlined Ventures.
How many people work at Ratio?
About 49, up 44% over the last year. Headcount grew from 2 in Feb 2022 to 49 in Sep 2026.
What does Ratio do?
Ratio works in loans & financing, with 15 recorded offerings and customers in financial technology, saas and technology. Its main offerings are technology procurement financing solutions, Buy-Now-Pay-Later payment solutions and revenue-based financing solutions.
When was Ratio founded, and where is it based?
Ratio was founded in 2021 and is based in San Mateo, United States. It has about 49 employees, up 44% over the last year.