Ramp Raises $300 Million at $5.8 Billion Valuation

Ramp is a corporate card and expense automation platform that is redefining the way businesses manage their finances. By providing businesses with a comprehensive platform, Ramp enables efficient tracking and control of corporate spending. Their user-friendly interface makes it easy for employees to submit expenses, while their advanced analytics provide real-time insights into spending patterns.     

Ramp has raised $300 million in a Series D round. Thrive Capital, Sands Capital, General Catalyst, Founders Fund, and other existing investors participated in the new financing. The fresh funding will be used for Ramp’s product development and hiring.     

Ramp, New York, United States, was founded in 2019 by Eric Glyman, Gene Lee, and Karim Atiyeh. “In the last year alone, we’ve expanded Ramp’s offerings to become the only platform in the market that’s designed to save businesses time and money,” said Ramp CEO Eric Glyman. “Our mission is to help our customers build healthier businesses and this funding will help us execute against our goal to continue expanding the Ramp platform to better serve customers. At Ramp, we succeed when our customers can run their business more efficiently.”

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