NEW YORK — Ramp, a financial operations platform, has raised a $200 million Series E financing, bringing its valuation to $16 billion. For the fifth time, a Ramp funding round was led by Founders Fund – the company’s first and largest investor. Total size was capped at $200 million and included participation from 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.
Founded in 2019, Ramp offers an all-in-one solution that combines payments, corporate cards, vendor management, procurement, travel booking, and automated bookkeeping with built-in intelligence to maximize the impact of every dollar and hour spent.
The company has over 40,000 customers, from family farms to space startups.
Facts About Ramp
- To date, Ramp has saved customers $10 billion and 27.5 million hours.
- Ramp currently powers over $80 billion in annualized purchase volume across card transactions and bill payments.
- Ramp serves more than 40,000 companies, including CBRE, Shopify, Anduril, Notion, Cursor, Vercel, Barry’s, and MAGNA-TILES.
- Ramp’s product line includes corporate cards and expense management, bill payments, procurement, travel booking, and treasury. Half of Ramp customers use two or more products across its platform.
- With this round, Ramp has raised $1.4 billion in total equity financing.
