Ramp, a leading financial operations platform based in the US, has raised $500m in a Series E-2 funding round, bringing its total equity financing to $1.9bn.
The latest round was led by ICONIQ, with continued support from all participants in Ramp’s June 2025 Series E, including Founders Fund, D1 Capital Partners, GIC, Coatue, Avenir Growth, Thrive Capital, Khosla Ventures, Sands Capital, 8VC, Lux Capital, Altimeter, Definition Capital, 137 Ventures, General Catalyst, and Stripes. New investors joining this round include Sutter Hill Ventures, Lightspeed Ventures, T. Rowe Price Associates, GV (Google Ventures), Emerson Collective, Operator Collective, and Pinegrove Capital Partners.
Ramp provides an integrated suite of financial tools designed to streamline and automate corporate spending. Its platform offers products such as corporate cards, expense management, bill payments, procurement, travel booking, and treasury services. The firm claims the majority of its clients use two or more of its offerings.
The company plans to use the new funds to accelerate its artificial intelligence (AI) initiatives and further develop its finance automation technology. In July, Ramp launched its first autonomous AI agents, which it said helped clients detect 15 times more policy violations with near-perfect accuracy.
The FinTech currently serves over 40,000 companies, including CBRE, Shopify, Anduril, Notion, Cursor, Vercel, Barry’s, and the University of Tennessee Athletics Foundation. It now powers more than $80bn in annualised transaction volume and has surpassed $1bn in assets under management through its Ramp Treasury product, launched just six months ago.
Ramp also revealed it has saved clients more than $10bn and helped recover 27.5m hours through its automation tools. The company became cash flow positive earlier this year, further strengthening its financial position.
Ramp chief financial officer Will Petrie said, “We’re focused on ensuring our only constraint is the scale of our ambition. We have a fortress balance sheet and an accelerating core business. Both will allow us to play to win as AI reshapes the future of finance.”
With the close of this round, Ramp’s valuation now stands at $22.5bn, cementing its place as one of the most valuable private companies in the FinTech sector.
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