Funding round
Ratio Growth
Reported as "Growth Equity"
Ratio, which works in technology procurement financing solutions in San Mateo, raised $400M in a Growth round announced on 15 Sep 2022. 4 firms took part. It is Ratio's first venture round on record.
$400M
Amount raised
Not disclosed
Post-money valuation
4
Investors
no lead named
Valuation
What this round says about the price
Ratio did not disclose a valuation in this round. It is Ratio's first venture round on record, 1 year after it was founded in 2021. It is 78% of the $511M Ratio has raised in the venture rounds on record. Ratio raised again: a Seed round of $11M in Sep 2022.
Investors
Who put money in
4 firms took part; no lead investor was named.
Investors
- backs 72 venture-backed companies new investor
- Cervin Ventures new investor
- 8-Bit Capital new investor
- backs 12 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
48 Growth rounds in Loans & Financing within a year either side disclosed an amount; the median was $77M, and this round was 5.2 times the median. The closest in time, other companies' Growth rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 9 Aug 2022 | $25M | not disclosed | Creation Investments |
| Creditas Loans & Financing | 8 Jul 2022 | $200M | $700M | not named |
| Loans & Financing | 1 Nov 2022 | $75M | not disclosed | Community Investment Management |
| Loans & Financing | 22 Jul 2022 | $36M | not disclosed | Vasta |
| Loans & Financing | 26 Dec 2022 | $200M | not disclosed | Mitsubishi UFJ Financial Group |
| Klar Loans & Financing | 9 Jun 2022 | $90M | not disclosed | General Atlantic |
| Loans & Financing | 30 Jun 2022 | $36M | not disclosed | Varanium Nexgen Fintech Fund and DMI Sparkle Fund |
| Loans & Financing | 23 May 2022 | $152M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Ratio raise in its Growth round?
Ratio raised $400M in its Growth round, announced in Sep 2022.
Which investors took part in Ratio's Growth round?
Streamlined Ventures, Cervin Ventures, 8-Bit Capital and Honeystone Ventures.
What was Ratio's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Loans & Financing?
48 Growth rounds in Loans & Financing within a year either side disclosed an amount; the median was $77M, and this round was 5.2 times the median.
Did Ratio raise again after this round?
Yes: a Seed round in Sep 2022 of $11M.