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Ramp, which gives a monetary operations platforms to company shoppers, has raised its valuation to $16 billion in a brand new fundraising led via long-time investor Founders Fund, Peter Thiel’s project company.
The $200 million spherical is the 5th that Founders’ has led for Ramp and raised its valuation via $3 billion. It ultimate raised cash at a $13 billion valuation in March.
Founded in 2019, Ramp gives products and services that duvet company playing cards, procurement, bookkeeping, trip reserving, and supplier control, and says it handles tens of billions in purchases once a year throughout 40,000 firms.
Ramp ranked No. 6 at the 2025 CNBC Disruptor 50 checklist.
Its checklist of shoppers comprises CBRE, Shopify and two fellow 2025 CNBC Disruptor 50 firms, Anduril and Notion (Founders Fund could also be an investor in Anduril).
Ramp has been expanding its choices for undertaking firms. In January, it introduced Ramp Treasury, which permits firms to earn 2.5% on idle running money. It additionally obtained Venue, an AI-powered procurement device startup, and used it to roll out new supplier fee equipment. Last June, it debuted Ramp Travel, partnering with Priceline for reserving and managing bills for company trip, shifting into the marketplace of fellow Disruptor Navan.
The corporate says it has shipped 270 options this 12 months, with a focal point on greater automation of monetary operations and use of AI, and nonetheless serves best 1.5% of the addressable U.S. marketplace.
Ramp co-founder and CEO Eric Glyman wrote in a weblog publish in regards to the fundraising that he’s guided via his favourite firms’ missions: “Increase the GDP of the internet (ten-time Disruptor Stripe); Make humanity a multiplanetary species (SpaceX); Be Earth’s most customer-obsessed company (Amazon).”
“Ours can fit on a Post-it too,” he wrote. “Save your company time and money (without you noticing).”
“Let the robots chase receipts and close your books, so you can use your brain and build things,” he added.
Additional buyers within the spherical incorporated 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.
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