Funding round
Ramp Series E
Ramp, which works in corporate financial platform solutions in New York, raised $200M in a Series E round announced on 17 Jun 2025, led by Founders Fund, at a $16.00B post-money valuation. 15 firms took part, 6 of them already investors. It is Ramp's eighth venture round on record; the one before was a Growth in Apr 2024.
$200M
Amount raised
$16.00B
Post-money valuation
$15.80B pre-money
15
Investors
1 lead
1.2x
Step-up from the Growth
$13.00B in Apr 2024
1.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Ramp at $16.00B after the new money, 1.2 times the $13.00B of its Growth (Apr 2024). The $200M bought investors about 1.3% of the company. It came 14 months after Ramp's Growth. It is 5.0% of the $4.01B Ramp has raised in the venture rounds on record. Ramp raised again 5 months later: a Growth round of $300M in Nov 2025, at $32.00B 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 this round 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
Founders Fund led the round with 14 other firms. General Catalyst, Khosla Ventures, 8VC and Lux Capital and 2 more had backed Ramp before.
Lead investor
- Founders Fund backs 368 venture-backed companies new investor
Also in the round
- Thrive Capital backs 130 venture-backed companies new investor
- D1 Capital Partners new investor
- General Catalyst backs 574 venture-backed companies existing investor
- GIC backs 98 venture-backed companies new investor
- ICONIQ Growth new investor
- Khosla Ventures backs 396 venture-backed companies existing investor
- Sands Capital backs 71 venture-backed companies new investor
- 8VC existing investor
- Lux Capital backs 194 venture-backed companies existing investor
- Stripes backs 101 venture-backed companies existing investor
- 137 Ventures backs 25 venture-backed companies new investor
- backs 42 venture-backed companies new investor
- Definition Capital new investor
- Sequoia Capital backs 589 venture-backed companies existing investor
Comparable rounds
How it compares
40 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $202M, and this round was close to the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cyera Tech Companies | 11 Jun 2025 | $540M | $6.00B | Georgian and Greenoaks |
| Harvey Tech Companies | 23 Jun 2025 | $300M | $5.00B | Kleiner Perkins and Coatue |
| Coralogix Tech Companies | 17 Jun 2025 | $115M | $1.00B | NewView Capital |
| Perplexity Tech Companies | 14 May 2025 | $500M | $14.00B | Accel |
| Tech Companies | 24 Jul 2025 | $50M | not disclosed | Goldman Sachs |
| Tech Companies | 23 Jul 2025 | $50M | not disclosed | Crosslink Capital |
| EliseAI Tech Companies | 20 Aug 2025 | $250M | $2.20B | Andreessen Horowitz |
| Nuro Tech Companies | 21 Aug 2025 | $203M | $6.00B | not named |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Ramp raise in its Series E round?
Ramp raised $200M in its Series E round, announced in Jun 2025.
Who led Ramp's Series E round?
Founders Fund led it, with Thrive Capital, D1 Capital Partners, General Catalyst, GIC and ICONIQ Growth and 9 more.
What was Ramp's valuation at the Series E round?
$16.00B post-money ($15.80B pre-money).
How does it compare with other Series E rounds in Tech Companies?
40 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $202M, and this round was close to the median.
Did Ramp raise again after this round?
Yes: a Growth round in Nov 2025 of $300M at $32.00B post-money.