Ramp Raises $300M, Plans Expansion in Corporate Products

Ramp, a corporate spending management platform, has raised $300 million in new capital, bringing its valuation to $32 billion when combined with an associated employee tender offer.

The funding round was led by Lightspeed Venture Partners, with participation from existing backers such as Founders Fund, D1 Capital Partners, and Coatue, as well as new investors including Alpha Wave Global and Bessemer Ventures.

This marks Ramp’s fourth fundraising event in 2025 and brings its total capital raised since its 2019 founding to $2.3 billion.

The company has rapidly evolved from a corporate card provider into a central operating system for corporate finance teams. Its suite of products now spans AI-driven expense management, accounts payable, bill payment, procurement workflows, travel booking, and automated bookkeeping.

Ramp reports more than $1 billion in annual revenue and serves over 50,000 businesses, including large enterprises such as CBRE, Shopify, and Figma.

The newly secured capital will provide liquidity to employees participating in the tender offer and give Ramp additional resources to deepen investment in product expansion and enterprise-focused growth.

The company plans to strengthen its footprint in procurement, accounts payable, and corporate travel while enhancing integrations to support broader adoption across global finance teams.