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Ramp raises $150M in a co-led funding round by Khosla Ventures and Founders Fund to innovate AI capabilities and pursue acquisitions

PRIVATEApr 17, 2024

Amount Raised

$150 Million

Round Type

Funding Round

New YorkSoftwareFinanceFintech

Investors

Contrary CapitalDefinition CapitalICONIQ CapitalLux CapitalD1 CapitalSands CapitalGeneral CatalystThrive Capital8VCGreylockSequoia CapitalFounders FundKhosla Ventures

Description

Spend management startup Ramp has raised an additional $150 million in a funding round co-led by Khosla Ventures and Founders Fund. The funds will be used to triple down on innovation, integrate AI capabilities, automate cumbersome processes, enhance decision-making capabilities, and pursue acquisitions.

Quick answer

RAMP raised $150 Million in a Funding Round round, dated April 17, 2024. Investors: Contrary Capital, Definition Capital, ICONIQ Capital, Lux Capital, D1 Capital, Sands Capital, General Catalyst and Thrive Capital. RAMP is based in New York, New York, United States.

How much did RAMP raise?
RAMP raised $150 Million in a Funding Round round on April 17, 2024.
Who invested in RAMP?
Contrary Capital, Definition Capital, ICONIQ Capital, Lux Capital, D1 Capital, Sands Capital, General Catalyst and Thrive Capital are named as investors in this round.
What does RAMP do?
Ramp Business Corporation is a prominent American fintech company based in New York City, with additional offices in Miami and San Francisco.
Where is RAMP based and how big is it?
RAMP is based in New York, New York, United States. Fundz records about 3,386 employees.
Who are the decision-makers at RAMP?
Fundz holds 5 contacts at RAMP, including the Head of Accounting Partnerships. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Finance and Fintech around the same time

Companies in the same sectors as RAMP that raised within 45 days of this round, from Fundz verified event records.

  • Streamex Corp. raised $3M (Seed) on May 29, 2024.
  • Streamex Corp. raised $1.1M (Seed) on May 1, 2024.
  • Blend Labs raised $150M (Series A) on April 29, 2024.
  • QI Tech raised an undisclosed amount (Series B) on April 25, 2024.
  • TaxDown raised $5.4M (Funding Round) on April 10, 2024.
  • Torpago raised $5.2M on March 28, 2024.

Who to call at RAMP, and when

A new round usually means RAMP is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day RAMP raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at RAMP, from your own LinkedIn network

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Company Information

Company

RAMP

Location

28 WEST 23RD STREET

New York, New York, United States

About

Ramp Business Corporation is a prominent American fintech company based in New York City, with additional offices in Miami and San Francisco. Founded in 2019, Ramp has transformed from a corporate credit card provider into a comprehensive financial operations platform. The company aims to help businesses save time and money by automating finance tasks and optimizing spending policies. Ramp serves a diverse clientele of over 50,000 customers, including small-to-medium businesses and large enterprises. Its platform features corporate charge cards, automated expense management, accounts payable solutions, procurement workflows, and accounting automation. Ramp's technology leverages AI and machine learning to enhance expense tracking and vendor management. The company has raised approximately $2.53 billion in funding and is valued between $32 billion and $44 billion, with annualized revenue exceeding $1 billion. Ramp is recognized for its innovative approach, having received accolades such as "Most Innovative Finance Company of 2022" by Fast Company.

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Related People

5 contacts
Verified contactsBrad G., Head of Accounting Partnerships hidden hidden hiddenSee plans and pricing
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ML-powered predictions for RAMP's next move

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RAMP raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.