Ramp is completing a $150 million Series D-2 funding round, raising the company’s valuation to $7.65 billion.
This round was co-led by @khoslaventures and @foundersfund, with additional new investors @sequoia, @GreylockVC, and @8vc. Our existing investors @ThriveCapital, @generalcatalyst, Sands Capital, D1 Capital Partners, @Lux_Capital, @ICONIQGrowth, Definition Capital, @contrary, and more are doubling down. Thank you to our partners and supporters for believing in our vision.
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.
More details below…
5 years and over 25,000 businesses running on Ramp. 🚀
Today we’re celebrating the incredible companies of all shapes and sizes who do more on Ramp.
Together, we’ve saved them over $1 billion and over $10 million hours.
Here are just a few of their stories 🧵
Businesses move over $120 trillion dollars every year:
💰The high cost of inefficient accounts payable work
⚡Our fastest growing service, Ramp Bill Pay
🗞️ What we’re releasing today to help businesses move even faster https://t.co/LnxOo6wAEH
Proud to announce: Ramp Flex 🚨
You shouldn't have to stress about your business’s cash flows. Ramp Flex means we’ll pay your vendors upfront, you pay us back later.
More than ever, you need finance tools that maximize your most valuable assets, time & money.
We’ve raised $750M in funding so we can build more of these tools & help you succeed at every stage of growth. Here’s how we’ll put the money to work for you 🧵
https://t.co/eMp8PTRMXP
Today, @tryramp is announcing a new round at an $8.1 billion valuation. It crossed $100 million in recurring revenue faster than any SaaS or fintech company in history.
That's just the first act. It has a Google-sized opportunity ahead of it.
https://t.co/M9yNqCkbe8
We're so excited to announce that we've been named as the Most Innovative Finance Company of 2022 by @FastCompany and by @Forbes as one of America's Best Startup Employers for 2022! #FCMostInnovative
Want to be part of the innovation? 👉 https://t.co/eKOjehuIKO
Only 3 startups founded in the last 3 years were named to this year's @LinkedIn's Top Startups: @KingJames's @TheSpringHillCo, social phenomenon @Clubhouse, and @tryramp. Just 150 of us, DM us or https://t.co/aWOIAQyXzF if you want to build together! https://t.co/0W2AY5b4g2
Today is a big day for us. We’ve raised a $300M Series C led by @foundersfund 🎉
It’s an even bigger day for Ramp customers. We’re using the funding to build automation that will help them save even more time & money.
What we’re building and why 👇
https://t.co/xjO6MwI7ze