Ramp has completed a $150 million Series D-2 funding round, raising the company’s valuation to $7.65 billion. This round was co-led by Khosla Ventures and Founders Fund, with additional new investors Sequoia Capital, Greylock, and 8VC. Investors: Thrive Capital, General Catalyst, Sands Capital, D1 Capital Partners, Lux Capital, Iconiq Capital, Definition Capital, Contrary Capital, and more are doubling down.

This isn’t just a financial milestone. It's a recognition of every customer who has trusted Ramp to redefine their financial operations—and a bet on every customer who will trust us in the future.

Unwavering commitment to customers

Ramp started out just five years ago as a better corporate card—designed to help companies spend less, not more—and that remains true. Today, their core mission is unchanged: save time and money for our customers to help them build more successful, profitable businesses. But their capabilities have expanded dramatically.

Tens of thousands of finance teams, across the country and representing every industry, are now using Ramp to simplify their financial operations to be more intuitive, efficient, and profitable. On top of that, they consistently hear that our customers’ employees—not just the finance teams themselves—love the delightful, easy-to-use Ramp experience. 

This new funding will allow them to triple down on the next wave of innovation to deliver much more value for our customers. This includes using AI capabilities to automate cumbersome processes, provide deeper insights into spending, enhance decision-making capabilities, and more. They’re just getting started as we help our customers create the finance function of the future.