Funding round
Ramp Growth
Reported as "Growth Equity"
Ramp, which works in corporate financial platform solutions in New York, raised $150M in a Growth round announced on 17 Apr 2024, led by Khosla Ventures and Founders Fund, at a $13.00B post-money valuation. 4 firms took part. It is Ramp's seventh venture round on record; the one before was a Series D in Aug 2023.
$150M
Amount raised
$13.00B
Post-money valuation
$12.85B pre-money
4
Investors
2 leads
2.2x
Step-up from the Series D
$5.80B in Aug 2023
1.2%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Ramp at $13.00B after the new money, 2.2 times the $5.80B of its Series D (Aug 2023). The $150M bought investors about 1.2% of the company. It came 8 months after Ramp's Series D. It is 3.7% of the $4.01B Ramp has raised in the venture rounds on record. Ramp raised again 14 months later: a Series E round of $200M in Jun 2025, at $16.00B post-money.
Ramp's funding rounds
Ramp has 11 venture rounds on record and 3 other deals. This one is highlighted.
- Seed 28 Jun 2019 $8.0M
- Series A 15 Jan 2020 $16M
- Growth 12 Feb 2020 $25M
- Debt not a venture round 10 Feb 2021, led by Goldman Sachs $150M
- Series B 8 Apr 2021, led by D1 Capital Partners and Stripes $115M$1.60B post-money
- Series C 24 Aug 2021, led by Founders Fund $300M$3.90B post-money
- Debt not a venture round 21 Mar 2022 $550M
- Debt not a venture round 23 Mar 2022, led by Founders Fund $750M$8.10B post-money
- Series D 21 Aug 2023 $300M$5.80B post-money
- Growth this round 17 Apr 2024, led by Khosla Ventures and Founders Fund $150M$13.00B post-money
- Series E 17 Jun 2025, led by Founders Fund $200M$16.00B post-money
- Growth 17 Nov 2025, led by Lightspeed Venture Partners $300M$32.00B post-money
- Growth 4 Jun 2026, led by GIC, Iconiq Capital and Ontario Teachers’ Pension Plan $750M$44.00B post-money
- Growth 15 Oct 2026, led by Dragoneer Investment Group, Thrive Capital and Founders Fund $1.85B$60.00B post-money
Investors
Who put money in
Khosla Ventures and Founders Fund led the round with 2 other firms.
Lead investors
- Khosla Ventures backs 396 venture-backed companies
- Founders Fund backs 368 venture-backed companies
Also in the round
- Sequoia Capital backs 589 venture-backed companies
- Greylock Partners backs 190 venture-backed companies
Comparable rounds
How it compares
364 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $47M, and this round was 3.2 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Lambda Tech Companies | 4 Apr 2024 | $500M | not disclosed | Macquarie |
| Buyers Edge Platform Tech Companies | 8 Apr 2024 | $425M | not disclosed | General Atlantic |
| Perplexity Tech Companies | 23 Apr 2024 | $250M | $2.50B | not named |
| Cognition Tech Companies | 1 Apr 2024 | $175M | $2.00B | Founders Fund |
| Tech Companies | 9 Apr 2024 | $125M | not disclosed | 8VC and NewRoad Capital Partners |
| Tech Companies | 4 Apr 2024 | $109M | not disclosed | Sumeru Equity Partners |
| Tech Companies | 22 Apr 2024 | $100M | not disclosed | Deerfield and Endeavor Health |
| Factorial Tech Companies | 11 Apr 2024 | $80M | not disclosed | General Catalyst |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Ramp raise in its Growth round?
Ramp raised $150M in its Growth round, announced in Apr 2024.
Who led Ramp's Growth round?
Khosla Ventures and Founders Fund led it, with Sequoia Capital and Greylock Partners.
What was Ramp's valuation at the Growth round?
$13.00B post-money ($12.85B pre-money).
How does it compare with other Growth rounds in Tech Companies?
364 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $47M, and this round was 3.2 times the median.
Did Ramp raise again after this round?
Yes: a Series E round in Jun 2025 of $200M at $16.00B post-money.