Ramp Secures $200M Series E Funding at $16B Valuation

Ramp has raised $200 million in a Series E funding round, led by Founders Fund, bringing its valuation to $16 billion.

Ramp has raised $200 million in a Series E funding round, bringing its valuation to $16 billion, announced in a press release. The round was led by Founders Fund, marking the fifth time the venture capital firm has led a funding round for Ramp.

The financial operations platform, which serves over 40,000 companies, powers more than $80 billion in annualized purchase volume. Ramp's product offerings include corporate cards, expense management, bill payments, procurement, travel booking, and treasury services. The company has saved its customers $10 billion and 27.5 million hours to date.

With this latest funding, Ramp has raised a total of $1.4 billion in equity financing. The company continues to focus on enhancing its AI-powered platform to provide efficient financial solutions for businesses of all sizes.

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