Funding round
Ramp Series A
Ramp, which works in corporate financial platform solutions in New York, raised $16M in a Series A round announced on 15 Jan 2020. It is Ramp's second venture round on record; the one before was a Seed in Jun 2019.
$16M
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 came 7 months after Ramp's Seed. It is under 1% of the $4.01B Ramp has raised in the venture rounds on record. Ramp raised again 1 month later: a Growth round of $25M in Feb 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 28 Jun 2019 $8.0M
- Series A this round 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
1,035 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $9.0M, and this round was 1.7 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 23 Jan 2020 | $40M | not disclosed | Horizons Ventures |
| Tech Companies | 21 Jan 2020 | $30M | not disclosed | Five Elms Capital |
| Tech Companies | 27 Jan 2020 | $23M | not disclosed | Radian Capital |
| Tech Companies | 30 Jan 2020 | $22M | not disclosed | Oxx and Kennet |
| Tech Companies | 22 Jan 2020 | $20M | not disclosed | SignalFire |
| Tech Companies | 23 Jan 2020 | $20M | not disclosed | Insight Partners |
| Tech Companies | 28 Jan 2020 | $18M | not disclosed | Coatue |
| Tech Companies | 1 Jan 2020 | $17M | not disclosed | Sequoia Capital |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Ramp raise in its Series A round?
Ramp raised $16M in its Series A round, announced in Jan 2020.
What was Ramp's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,035 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $9.0M, and this round was 1.7 times the median.
Did Ramp raise again after this round?
Yes: a Growth round in Feb 2020 of $25M.