Funding round
Ramp Seed
Ramp, which works in corporate financial platform solutions in New York, raised $8.0M in a Seed round announced on 28 Jun 2019. It is Ramp's first venture round on record.
$8.0M
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Ramp did not disclose a valuation in this round. It is Ramp's first venture round on record, in the year it was founded (2019). It is under 1% of the $4.01B Ramp has raised in the venture rounds on record. Ramp raised again 7 months later: a Series A round of $16M in Jan 2020. Its next priced round, a Series B in Apr 2021, valued it at $1.60B.
Ramp's funding rounds
Ramp has 11 venture rounds on record and 3 other deals. This one is highlighted.
- Seed this round 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 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
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
891 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $2.5M, and this round was 3.2 times the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Metropolis Tech Companies | 26 Jun 2019 | $18M | not disclosed | Zigg Capital |
| Tech Companies | 13 Jun 2019 | $7.0M | not disclosed | ANSYS and Chris Urmson |
| Tech Companies | 13 Jun 2019 | $7.0M | not disclosed | The Westly Group |
| Tech Companies | 27 Jun 2019 | $6.5M | not disclosed | not named |
| Orca Security Tech Companies | 12 Jun 2019 | $6.5M | not disclosed | YL Ventures |
| Tech Companies | 12 Jun 2019 | $6.0M | not disclosed | Bessemer Venture Partners |
| Tech Companies | 11 Jun 2019 | $5.8M | not disclosed | Y Combinator and BECO Capital |
| Tech Companies | 12 Jun 2019 | $5.3M | not disclosed | Innovation Endeavors and Sherpalo Ventures |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Ramp raise in its Seed round?
Ramp raised $8.0M in its Seed round, announced in Jun 2019.
What was Ramp's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
891 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $2.5M, and this round was 3.2 times the median.
Did Ramp raise again after this round?
Yes: a Series A round in Jan 2020 of $16M.