Funding round
Ramp Growth
Reported as "Growth Equity"
Ramp, which works in corporate financial platform solutions in New York, raised $300M in a Growth round announced on 17 Nov 2025, led by Lightspeed Venture Partners, at a $32.00B post-money valuation. 36 firms took part, 24 of them already investors. It is Ramp's ninth venture round on record; the one before was a Series E in Jun 2025.
$300M
Amount raised
$32.00B
Post-money valuation
36
Investors
1 lead
2.0x
Step-up from the Series E
$16.00B in Jun 2025
under 1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Ramp at $32.00B after the new money, 2.0 times the $16.00B of its Series E (Jun 2025). The $300M bought investors about under 1% of the company. It came 5 months after Ramp's Series E. It is 7.5% of the $4.01B Ramp has raised in the venture rounds on record. Ramp raised again 7 months later: a Growth round of $750M in Jun 2026, at $44.00B 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 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 this round 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
Lightspeed Venture Partners led the round with 35 other firms. Lightspeed Venture Partners, Founders Fund, D1 Capital Partners and Coatue and 20 more had backed Ramp before.
Lead investor
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
Also in the round
- Founders Fund backs 368 venture-backed companies existing investor
- D1 Capital Partners existing investor
- Coatue backs 229 venture-backed companies existing investor
- GIC backs 98 venture-backed companies existing investor
- backs 42 venture-backed companies existing investor
- Thrive Capital backs 130 venture-backed companies existing investor
- backs 39 venture-backed companies existing investor
- T. Rowe Price existing investor
- Khosla Ventures backs 396 venture-backed companies existing investor
- ICONIQ existing investor
- Glade Brook backs 30 venture-backed companies existing investor
- Soma Capital backs 206 venture-backed companies existing investor
- Emerson Collective backs 76 venture-backed companies existing investor
- 8VC existing investor
- Lux Capital backs 194 venture-backed companies existing investor
- Definition Capital existing investor
- 137 Ventures backs 25 venture-backed companies existing investor
- General Catalyst backs 574 venture-backed companies existing investor
- Box Group existing investor
- Kultura Capital existing investor
- Pinegrove Venture Partners existing investor
- Anti Fund existing investor
- Stripes backs 101 venture-backed companies existing investor
- Alpha Wave Global backs 78 venture-backed companies new investor
- Bessemer Venture Partners backs 412 venture-backed companies new investor
- Robinhood Ventures new investor
- 1789 Capital new investor
- new investor
- backs 29 venture-backed companies new investor
- backs 80 venture-backed companies new investor
- backs 245 venture-backed companies new investor
- Benchmark new investor
- Craft Ventures backs 197 venture-backed companies new investor
- backs 99 venture-backed companies new investor
- Starting Line new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
398 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $54M, and this round was 5.6 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Armis Tech Companies | 5 Nov 2025 | $435M | $6.10B | Growth Equity at Goldman Sachs Alternatives |
| Firmus Tech Companies | 14 Nov 2025 | $327M | not disclosed | not named |
| Synthesia Tech Companies | 1 Nov 2025 | $200M | $4.00B | GV |
| Tech Companies | 17 Nov 2025 | $135M | $2.65B | not named |
| Tech Companies | 17 Nov 2025 | $100M | $388M | not named |
| SmartHR Tech Companies | 18 Nov 2025 | $96M | not disclosed | General Atlantic |
| Tech Companies | 20 Nov 2025 | $70M | not disclosed | Springcoast Capital Partners |
| Tech Companies | 20 Nov 2025 | $50M | not disclosed | Blackstone |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Ramp raise in its Growth round?
Ramp raised $300M in its Growth round, announced in Nov 2025.
Who led Ramp's Growth round?
Lightspeed Venture Partners led it, with Founders Fund, D1 Capital Partners, Coatue, GIC and Avenir and 30 more.
What was Ramp's valuation at the Growth round?
$32.00B post-money.
How does it compare with other Growth rounds in Tech Companies?
398 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $54M, and this round was 5.6 times the median.
Did Ramp raise again after this round?
Yes: a Growth round in Jun 2026 of $750M at $44.00B post-money.