Ramp Closes $5 Million in Seed Round   

by Kay Aloha Villamor in March 6th, 2023

Ramp, a London, UK-based forecasting analytics startup transforming how global finance teams plan for the future, announced that it closed $5 million in seed funding.

The round was led by AlbionVC and Eurazeo, with participation from Triple Point Ventures and angel investors including Barnaby Hussey-Yeo, CEO at Cleo, and Stephane Kurgan, Ex-COO at King.com, among others. 

The company will use the funds to support streamlining the onboarding to allow for scale.

Dan Marcus, Chief Executive Officer and Co-founder of Ramp said: “Our long-term goal is to position Ramp as a single source of truth for the future of businesses, from which prescriptive and proactive analytics services can stem. We’re at the forefront of this new product category, and it’s great to have such renowned investors believe in this vision and join us on this journey.” 

Ramp is a user and revenue forecasting startup that is transforming how global finance teams plan for the future. It was created after co-founder Angus Lovitt (ex-VP of King Digital Entertainment) realized the majority of quarterly target “misses” were not due to company performance but the forecast quality itself.

To achieve such unmatched speed and accuracy, Ramp’s forecasting platform has unlocked the power of cohort-based forecasting. The company uses multiple dynamically selected statistical models for different cohorts in any forecast.

Ramp uses an opinionated view of modeling the interactions between the different levers of a business and with additional models to optimize inputs such as seasonality and live ops.  

Since its inception, The company has acquired a reputable portfolio of gaming clients. It recently welcomed Space Ape Games, the award-winning gaming company revolutionizing mobile entertainment; FRVR; Pixel United, and Netspeak Games.

Company: Ramp Software Limited

Raised: $5.0M

Round: Seed Round

Funding Month: March 2023

Lead Investors: AlbionVC and Eurazeo

Additional Investors: Triple Point Ventures, Barnaby Hussey-Yeo, and Stephane Kurgan

Company Website: https://www.rampgrowth.com/

Software Category: Automated Revenue Forecasting Software

About the Company: Founded in 2018, Ramp is a SaaS analytics firm that empowers top-level strategic business for finance teams through the informed use of data science and forecasting. Its cohort-based forecasting platform was built specifically for finance teams at B2C companies. With Ramp, teams can predict customer behavior and future revenue with speed, accuracy, and deep context to avoid wasted marketing spend and missed targets. Ramp is onboarding at least one new enterprise client every month and recently welcomed Space Ape Games, Netspeak Games, FRVR, and more. The company’s cohort model empowers finance teams to create customizable forecasts in minutes, not months by unlocking the true power of cohort-based forecasting for the first time.

Source: https://www.rampgrowth.com/newsroom/ramp-secures-5m-seed-funding

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