Ramp Raises $300 Million in Series C Funding Round at $3.9 Billion Valuation

Fazzaco learned that Ramp, a technology company building the next generation corporate card to save businesses money, has raised $300 million in a Series C funding round, boosting its valuation to $3.9 billion. 

​The latest funding round was led by Founders Fund, with participation from Redpoint, Thrive Capital, D1 Capital Partners, Coatue, Spark Capital, Stripe, Box Group, Conversion Capital and Lux Capital. 

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According to the official press release, the company will utilise the new capital to accelerate its pace of innovation. This funding will allow them to automate away even more of those tasks so that finance teams can focus on being more strategic.

Founded in 2019, Ramp offers corporate cards linked to a finance automation platform for businesses to track and manage company spend.

The firm claims more than 2,000 US businesses are now using its platform, which includes built-in expense and accounting automation software.