AI monetary operations staartup Ramp introduced its Sequence E-2, elevating $500 million at a $22.5 billion valuation. With this spherical, New York-based Ramp has raised $1.9 billion in complete fairness financing. The corporate mentioned it started producing money stream earlier this 12 months.
ICONIQ led the spherical, with continued assist from current buyers together with all individuals from the June 2025 Sequence E: Founders Fund, D1 Capital Companions, GIC, Coatue, Avenir Progress, Thrive Capital, Khosla Ventures, Sands Capital, 8VC, Lux Capital, Altimeter, Definition Capital, 137 Ventures, Common Catalyst, and Stripes. New buyers for this spherical embody: Sutter Hill Ventures, Lightspeed Ventures, T. Rowe Value Associates, Inc., GV (Google Ventures), Emerson Collective, Operator Collective, and Pinegrove Capital Companions.
“We’re targeted on guaranteeing our solely constraint is the dimensions of our ambition,” mentioned Will Petrie, Chief Monetary Officer at Ramp. “We’ve a fortress steadiness sheet and an accelerating core enterprise. Each will permit us to play to win as AI reshapes the way forward for finance.”
Ramp is a monetary operations platform designed to save lots of corporations money and time by automating tedious, time consuming duties. Its all-in-one resolution combines funds, company playing cards, vendor administration, procurement, journey reserving, and automatic bookkeeping with built-in intelligence to maximise the affect of each greenback and hour spent. Over 40,000 prospects, from household farms to area startups, have saved $10 billion and 27.5 million hours with Ramp, in accordance with the corporate, which was based in 2019.
