Funding round
Ramp Series B
Ramp, which works in corporate financial platform solutions in New York, raised $115M in a Series B round announced on 8 Apr 2021, led by D1 Capital Partners and Stripes, at a $1.60B post-money valuation. 10 firms took part. It is Ramp's fourth venture round on record; the one before was a Growth in Feb 2020.
$115M
Amount raised
$1.60B
Post-money valuation
$1.49B pre-money
10
Investors
2 leads
7.2%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Ramp at $1.60B after the new money. The $115M bought investors about 7.2% of the company. It came 14 months after Ramp's Growth. It is 2.9% of the $4.01B Ramp has raised in the venture rounds on record. Ramp raised again 4 months later: a Series C round of $300M in Aug 2021, at $3.90B 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 this round 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
Investors
Who put money in
D1 Capital Partners and Stripes led the round with 8 other firms.
Lead investors
- D1 Capital Partners new investor
- Stripes backs 101 venture-backed companies new investor
Also in the round
- Goldman Sachs backs 218 venture-backed companies new investor
- Founders Fund backs 368 venture-backed companies new investor
- Coatue backs 229 venture-backed companies new investor
- Thrive Capital backs 130 venture-backed companies new investor
- Redpoint Ventures backs 194 venture-backed companies new investor
- Box Group new investor
- backs 54 venture-backed companies new investor
- backs 42 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
925 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 3.8 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 28 Apr 2021 | $80M | $500M | Coatue and Addition |
| Tech Companies | 15 Apr 2021 | $80M | not disclosed | Insight Partners and Alkeon |
| Tech Companies | 12 Apr 2021 | $69M | not disclosed | Institutional Venture Partners and Accel |
| Tech Companies | 22 Apr 2021 | $66M | not disclosed | Tiger Global |
| Tech Companies | 7 Apr 2021 | $66M | not disclosed | Tiger Global |
| FintechOS Tech Companies | 20 Apr 2021 | $60M | not disclosed | Molten Ventures |
| Tech Companies | 22 Apr 2021 | $50M | not disclosed | Trustbridge Partners |
| Tech Companies | 26 Apr 2021 | $50M | not disclosed | Owl Ventures |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Ramp raise in its Series B round?
Ramp raised $115M in its Series B round, announced in Apr 2021.
Who led Ramp's Series B round?
D1 Capital Partners and Stripes led it, with Goldman Sachs, Founders Fund, Coatue, Thrive Capital and Redpoint Ventures and 3 more.
What was Ramp's valuation at the Series B round?
$1.60B post-money ($1.49B pre-money).
How does it compare with other Series B rounds in Tech Companies?
925 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 3.8 times the median.
Did Ramp raise again after this round?
Yes: a Series C round in Aug 2021 of $300M at $3.90B post-money.