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Ramp
Ramp is a technology company building the next generation corporate card to save businesses money. Weâre redesigning how corporate spend should be managed from the ground up to save time, money, and ensure control. We provide companies higher card limits, insightful saving opportunities, automated expense management, lightning fast receipt matching, seamless accounting integration, and more. Ramp was founded by the same team who built, scaled, and sold Paribus to Capital One, spearheading Capital Oneâs push into saving technologies. Their group at Capital One enabled automated savings on online purchases, and put over $100 million back in consumers’ pockets. Ramp is committed to providing that same value and savings to businesses. We are backed by Founders Fund, Coatue, and Box Group, in addition to an exceptional collective of more than 50 founders of leading companies (representing over $100B in market capitalization). Founded by Eric Glyman and Karim
Ramp raises $30M as the battle to own corporate spend heats up
Corporate spend management startup Ramp has raised $30 million more in a new round, it announced today. TechCrunch covered Ramp’s launch earlier this year, when it also detailed that it had raised around $23 million up to that point.
The startup raised its latest round in August of 2020, with conversations about the deal kicking off in June. The new capital is Ramp’s second priced raise after its August, 2019 seed round worth $8 million and the first after its February, 2020-era $15 million raise. D1 and Coatue were new investors in this new investment, which included some prior backers.