What is Ramp?
Founded in 2019 and headquartered in New York, New York, Ramp Business Corporation operates as a finance automation platform designed to streamline business workflows. The company's core mission is to provide businesses with tools that simplify financial operations, thereby increasing efficiency and reducing administrative burdens. Ramp's innovative approach to financial management has positioned it as a key player in the fintech industry, attracting significant investment and attention.
How much funding has Ramp raised?
Ramp has raised a total of $3.3B across 11 funding rounds:
Angel/Seed
$8M
Series A
$15M
Multiple Rounds
$565M
Series D
$200M
Debt
$550M
Series D
$300M
Series D
$150M
Private Equity
$200M
Private Equity
$514.1M
Angel/Seed (2019): $8M, investors not publicly disclosed
Series A (2020): $15M led by Backend Capital, Tectonic Capital, BoxGroup, Conversion Capital, Founders Fund, Soma Capital Partners, and Coatue
Debt (2021): $150M supported by Goldman Sachs
Series B (2021): $115M featuring Thrive Capital, D1 Capital Partners, Contrary Capital, Neo, The Goldman Sachs Group, Inc., Coatue Management, BoxGroup, Redpoint Ventures, Founders Fund, and Stripe Inc.
Series C (2021): $300M backed by D1 Capital Partners, Spark Capital, Redpoint Ventures, Thrive Capital, and Founders Fund
Series D (2022): $200M with participation from Founders Fund
Debt (2022): $550M led by Goldman Sachs and Citigroup
Series D (2023): $300M supported by Sands Capital and Thrive Capital
Series D (2024): $150M featuring Khosla Ventures, Founders Fund, Greylock Partners, and Sequoia Capital
Private Equity (2025): $200M, investors not publicly disclosed
Private Equity (2025): $514.1M, investors not publicly disclosed
Key Investors in Ramp
Thrive Capital
Thrive Capital is a venture capital firm based in New York, specializing in internet and software investments, indicating a focus on technology-driven companies.
The Goldman Sachs Group, Inc.
Goldman Sachs is a global investment banking and financial services firm, known for its extensive involvement in corporate finance, underwriting, and strategic advisory, suggesting a role in significant growth-stage financing.
Coatue Management
Coatue Management is a hedge fund sponsor with a broad investment scope, including public and private equity, indicating a strategic interest in high-growth technology companies.
What's next for Ramp?
The substantial enterprise-level funding and recent strategic investment indicate that Ramp is in a significant scaling phase. This capital infusion is expected to fuel further product development, market expansion, and strategic partnerships. Ramp is likely to focus on enhancing its AI-driven automation capabilities and broadening its suite of financial management tools to cater to a wider range of business needs. The company's trajectory suggests a continued focus on disrupting traditional financial processes and solidifying its position as a leader in the finance automation space.
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