Financial technology firm Ramp has secured $200 million in new funding, lifting its valuation to $16 billion. The round was led by Founders Fund, marking the fifth time Peter Thiel’s venture firm has invested in Ramp. Other investors in the round included Thrive Capital, General Catalyst, and GIC. The startup last raised funds at a $13 billion valuation in March 2025. Founded in 2019, Ramp provides a comprehensive financial operations platform that supports corporate cards, procurement, accounting, travel, and vendor management. It currently processes tens of billions in annual purchases across 40,000 companies, including notable clients such as CBRE, Shopify, Anduril, and Notion.
The company has recently expanded its services to larger enterprises. In January 2025, it introduced Ramp Treasury, enabling clients to earn 2.5% on idle cash. It also acquired AI procurement startup Venue and launched Ramp Travel in partnership with Priceline. CEO Eric Glyman emphasized the company’s mission in a blog post, stating, “Save your company time and money (without you noticing),” adding, “Let the robots chase receipts and close your books, so you can use your brain and build things.” Ramp claims to have released 270 new features this year and still serves just 1.5% of its U.S. market opportunity. With strong investor backing, expanding enterprise offerings, and continued innovation, Ramp is positioning itself as a formidable player in reshaping how modern businesses manage their finances.
