How much did RAMP raise?

RAMP raised $750 Million in a Funding Round round on March 21, 2022.

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.

Ramp Secures $750 Million In Funding To Help Businesses Automate Their Financial Operations

PRIVATEMar 21, 2022

Amount Raised

$750 Million

Round Type

Funding Round

New YorkSoftwareFinanceFintech

Description

Ramp, the finance automation platform and first corporate card designed to help businesses spend less, today announced $750 million in new financing, bringing its valuation to $8.1 billion. The raise included $200 million in fresh equity funding led by Founders Fund, with participation from all major existing investors including D1 Capital Partners, Thrive Capital, Redpoint Ventures, Coatue Management, Iconiq, Altimeter, Stripe, Lux Capital, Vista Public Strategies, Spark Capital, and Definition Capital. They were joined by new investors General Catalyst, Avenir Growth Capital, 137 Ventures, and Declaration Partners, in addition to tech industry leaders. Ramp also secured $550 million in debt financing to support the company's rapid scaling, including $300 million from Citi and an additional $150 million from Goldman Sachs, which doubled its commitment to $300 million.

Quick answer

RAMP raised $750 Million in a Funding Round round, dated March 21, 2022. RAMP is based in New York, New York, United States.

How much did RAMP raise?: RAMP raised $750 Million in a Funding Round round on March 21, 2022.
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.

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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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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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