The spending management startup lamp announced on Tuesday it raised a $200 million Series E at a $16 billion valuation led by its biggest investor, founder fund. That's an astonishing $3 billion increase from $150 million in secondary stock sales in March than the $13 billion valuation lamp announced in March.
The current valuation is more than double the hit of the $7.65 billion lamp when it raised $150 million in post money a year ago. CEO Eric Griman remains a mother about the revenue figures, but in March he said he had experienced “incredible growth” with previous figures it released. In the summer of 2023, he said Lamp had surpassed $300 million in annual revenue.
Other VCSs, primarily existing investors who participated in the Series E round, include Thrive Capital, D1 Capital Partners, General Catalyst, GIC, Iconiq Growth, Khosla Ventures, Sands Capital, 8VC, Lux Capital, Stripes, 137 Ventures, Avenir Growth, and Definition Capital.