Vendors / Ramp / Funding

Ramp funding: rounds, investors and valuation

Ramp, based in New York, has raised US$2.87bn in eleven announced funding rounds since February 2020. Its Series F of US$750m in June 2026 was co-led by ICONIQ, GIC and Ontario Teachers' Pension Plan, with Goldman Sachs Alternatives, D.E. Shaw & Co., Morgan Stanley Investment Management and Generation Investment Management participating, at a US$44bn valuation. Its previous announced valuation was US$32bn, in November 2025.

Funding over timeCumulative US$ raised across announced rounds; each tick on the axis is a round

The latest round, the US$750m Series F in June 2026, is also the largest: 26% of the US$2.87bn raised across its announced rounds. Rounds have come a median of 7 months apart.

Ramp funding roundsNewest first

• Jun 2026
  Series FLed by ICONIQ, GIC and Ontario Teachers' Pension Plan, with Goldman Sachs Alternatives, D.E. Shaw & Co., Morgan Stanley Investment Management and Generation Investment Management.Accountio article
  US$750mValuation US$44bn
• Nov 2025
  RoundLed by Lightspeed Venture Partners, with Founders Fund, D1 Capital Partners, Coatue, GIC, Avenir Growth, Thrive Capital, Sutter Hill Ventures, T. Rowe Price and Khosla Ventures.Accountio article
  US$300mValuation US$32bn
• Jul 2025
  Series E-2Led by ICONIQ, with Founders Fund, Khosla Ventures, General Catalyst, Stripe, Citi, Lux Capital, Sequoia Capital, Lightspeed Venture Partners, GV, T. Rowe Price and Operator Collective.
  US$500mValuation US$22.5bn
• Jun 2025
  Series ELed by Founders Fund, with Thrive Capital, D1 Capital Partners, General Catalyst, GIC and ICONIQ.
  US$200mValuation US$16bn
• Apr 2024
  Series D-2Led by Khosla Ventures and Founders Fund, with Sequoia Capital, Greylock, 8VC, Thrive Capital, General Catalyst, Sands Capital, D1 Capital Partners, Lux Capital and ICONIQ Growth.
  US$150mValuation US$7.65bn
• Aug 2023
  Series DLed by Thrive Capital and Sands Capital, with General Catalyst and Founders Fund.
  US$300mValuation US$5.8bn
• Mar 2022
  RoundLed by Founders Fund, with D1 Capital Partners, Thrive Capital, Redpoint Ventures, Coatue Management, Iconiq, Altimeter, Stripe, Lux Capital, Vista Public Strategies, Spark Capital, Definition Capital, General Catalyst, Avenir Growth Capital, 137 Ventures and Declaration Partners.
  US$200mValuation US$8.1bn
• Aug 2021
  Series CLed by Founders Fund, with Redpoint Ventures and Thrive Capital.
  US$300mValuation US$3.9bn
• Apr 2021
  Series BLed by D1 Capital Partners and Stripe, with Goldman Sachs, Founders Fund, Coatue Management, Thrive Capital, Redpoint Ventures, Box Group, Neo and Contrary Capital.
  US$115mValuation US$1.6bn
• Dec 2020
  RoundInvestors: D1 Capital Partners, Coatue Management and Founders Fund.
  US$30m
• Feb 2020
  RoundLed by Founders Fund, with Coatue, BoxGroup, Conversion Capital, Soma Capital and Backend Capital.
  US$25m

Ramp investors

Founders Fund

Round, November 2025; Series E-2, July 2025; Series E, June 2025 (lead); Series D-2, April 2024 (lead); Series D, August 2023; Round, March 2022 (lead); Series C, August 2021 (lead); Series B, April 2021; Round, December 2020; Round, February 2020 (lead)

Thrive Capital

Round, November 2025; Series E, June 2025; Series D-2, April 2024; Series D, August 2023 (lead); Round, March 2022; Series C, August 2021; Series B, April 2021

D1 Capital Partners

Round, November 2025; Series E, June 2025; Series D-2, April 2024; Round, March 2022; Series B, April 2021 (lead); Round, December 2020

General Catalyst

Series E-2, July 2025; Series E, June 2025; Series D-2, April 2024; Series D, August 2023; Round, March 2022

ICONIQ

Series F, June 2026 (lead); Series E-2, July 2025 (lead); Series E, June 2025

GIC

Series F, June 2026 (lead); Round, November 2025; Series E, June 2025

Khosla Ventures

Round, November 2025; Series E-2, July 2025; Series D-2, April 2024 (lead)

Stripe

Series E-2, July 2025; Round, March 2022; Series B, April 2021 (lead)

Coatue Management

Round, March 2022; Series B, April 2021; Round, December 2020

Lightspeed Venture Partners

Round, November 2025 (lead); Series E-2, July 2025

Lux Capital

Series E-2, July 2025; Series D-2, April 2024; Round, March 2022

Redpoint Ventures

Round, March 2022; Series C, August 2021; Series B, April 2021

Sands Capital

Series D-2, April 2024; Series D, August 2023 (lead)

Coatue

Round, November 2025; Round, February 2020

Ontario Teachers' Pension Plan

Series F, June 2026 (lead)

Sequoia Capital

Series E-2, July 2025; Series D-2, April 2024

T. Rowe Price

Round, November 2025; Series E-2, July 2025

137 Ventures

Round, March 2022

8VC

Series D-2, April 2024

Altimeter

Round, March 2022

Avenir Growth

Round, November 2025

Avenir Growth Capital

Round, March 2022

Backend Capital

Round, February 2020

Box Group

Series B, April 2021

BoxGroup

Round, February 2020

Citi

Series E-2, July 2025

Contrary Capital

Series B, April 2021

Conversion Capital

Round, February 2020

D.E. Shaw & Co.

Series F, June 2026

Declaration Partners

Round, March 2022

Definition Capital

Round, March 2022

Generation Investment Management

Series F, June 2026

Goldman Sachs

Series B, April 2021

Goldman Sachs Alternatives

Series F, June 2026

Greylock

Series D-2, April 2024

GV

Series E-2, July 2025

Iconiq

Round, March 2022

ICONIQ Growth

Series D-2, April 2024

Morgan Stanley Investment Management

Series F, June 2026

Neo

Series B, April 2021

Operator Collective

Series E-2, July 2025

Soma Capital

Round, February 2020

Spark Capital

Round, March 2022

Sutter Hill Ventures

Round, November 2025

Vista Public Strategies

Round, March 2022

Ramp funding: common questions

More on Ramp: Full profile · All funding in June 2026 · All funding in November 2025 · All funding in July 2025 · All funding in June 2025 · Directory listing

Part of Accountio’s accounting technology funding tracker.