Ramp Secures $500 Million in Series E-2 Funding
Ramp, a leading financial operations platform based in the United States, has successfully raised $500 million in its Series E-2 funding round, bringing its total funding to an impressive $1.9 billion.
Leadership in Funding Round
The latest funding round was spearheaded by Iconiq, with continued participation from various prominent investors in the E-June 2025 Ramp series. Notable contributors included Founders Fund, D1 Capital Partners, GIC, COATUE, AVENIR Growth, Thrive Capital, and Khosla Ventures. New investors entering this round include Sutter Hill Ventures, Lightspeed Ventures, T. Rowe Price Associates, GV (Google Ventures), Emerson Collective, Operator Collective, and Pinegrove Capital Partners.
Innovative Financial Solutions
Ramp offers an all-encompassing suite of financial tools aimed at streamlining and automating business expenditure. Key offerings include corporate cards, spending management, invoice payments, travel booking, and cash services. The majority of Ramp’s customers utilize two or more of its products, highlighting the platform’s versatility and effectiveness in financial management.
Focus on AI and Automation
The company plans to allocate the new funds towards accelerating its artificial intelligence (AI) initiatives and further enhancing its finance automation technology. Recently, Ramp introduced its first autonomous AI agents, which have reportedly enabled users to identify 15 times more policy violations with impressive accuracy.
Impressive Client Base and Growth Metrics
Currently, Ramp serves over 40,000 companies, including renowned names like CBRE, Shopify, and the Athletics Foundation of the University of Tennessee. The platform now facilitates more than $80 billion in annualized transaction volume and has surpassed $1 billion in management through its Treasury Ramp product, launched just six months ago.
Automating Success for Customers
Ramp has also disclosed that its automation tools have enabled customers to recover 27.5 million hours of productivity and have facilitated over $10 billion in funding. Notably, the company achieved positive cash flow earlier this year, significantly enhancing its financial stability.
Vision for the Future
Will Petrie, Ramp’s Chief Financial Officer, stated, “Our focus is on ensuring that our only constraint is the extent of our ambition. We have a solid valuation and an accelerated fundamental business that will enable us to excel as AI reshapes the future of finance.” Following this funding round, Ramp’s valuation has reached $22.5 billion, solidifying its status as one of the most valuable private companies within the Fintech sector.
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