RAMP, which provides a financial management platform for corporate clients, has raised its valuation to $16 billion with a new funding led by longtime investor founder fund Peter Thiel.
The $200 million round is fifth in the founder’s lead on the ramp and increased its valuation to $3 billion. Finally, we raised funds in March at a $13 billion valuation.
Founded in 2019, RAMP offers services covering corporate cards, procurement, bookkeeping, travel bookings and vendor management, processing hundreds of billions of dollars in purchases each year for 40,000 companies.
Lamp ranked 6th on the 2025 CNBC Disruptor 50 list.
The client list includes CBRE, Shopify and two Fellows 2025 CNBC Disruptor 50 Companies, Anduril and Notion (the Founders Fund is also an Anduril investor).
RAMP is increasing its offerings for enterprise businesses. In January, we launched RAMP TREASURY. This allows companies to earn 2.5% in idol sales cash. It also acquired Venue, an AI-powered procurement software startup, and used it to deploy a new vendor payment tool. Last June, he debuted RAMP Travel, partnering with Priceline to book and manage corporate travel expenses, moving to the market of fellow Disruptor Navan.
The company has dispatched 270 features this year, focusing on automating financial operations and increasing use of AI, and says it still offers only 1.5% of the addressable US market.
In a blog post about fundraising that he is being led to the mission of his favorite company, Eric Griman said, “Increasing Internet GDP (10 Destroyer Stripes); Multiplanetary Species of Humanity (SpaceX);
“Our things can fit in post-it notes too,” he wrote. “Save your company time and money (without realizing it).”
“Let the robot chase the receipt and close the book, and then you can use your brain to make things,” he added.
Additional investors in the round include Thrive Capital, D1 Capital Partners, General Catalyst, GIC, Iconiq Growth, Khosla Ventures, Sands Capital, 8VC, Lux Capital, Stripes, 137 Ventures, Avenir Growth, and Definition Capital.
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