Ramp has reached a valuation of roughly $60 billion in its latest fundraising round, Bloomberg reported Friday, citing people familiar with the matter.

Dragoneer Investment Group and Thrive Capital led the round, with Founders Fund also contributing a large check, the people said. The company raised about $1.85 billion, another person said.

The valuation is pre-money, meaning it does not include the capital raised, the people said.

Ramp did not immediately respond to a request for a comment from MT Newswires.

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