Ramp was founded in 2019 by Eric Glyman, Gene Lee, and Karim Atiyeh. In August 2023 Reuters reported that Ramp “raised $300 million in its latest funding round to accelerate expansion in new categories, the company said on Tuesday, notching up a valuation of $5.8 billion.” While the company has new funding, Ramp has not officially endorsed a plan to participate in an IPO.
Ramp is a finance automation platform that offers a suite of corporate finance management solutions including corporate cards, expense management solutions, bill payment software, and account automation. Per Forge data, Ramp raised $1.7 billion in funding over 9 rounds. Their latest funding was raised on Aug 23, 2023, from a Series D round. Key investors include Sands Capital Ventures, Thrive Capital, General Catalyst, and Spark Capital.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
04/17/2024 | Series D-2 | $157.45MM | $xx.xx | $7.66B | 8vc, Contrary Capital, D1 Capital Partners, Definition Capital, Founders Fund, General Catalyst, Greylock, Iconiq Capital, Khosla Ventures, Lux Capital, Sands Capital, Sequoia Capital, Thrive Capital | |
Price per Share
$xx.xx
Shares Outstanding
6,297,999
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8vc, Contrary Capital, D1 Capital Partners, Definition Capital, Founders Fund, General Catalyst, Greylock, Iconiq Capital, Khosla Ventures, Lux Capital, Sands Capital, Sequoia Capital, Thrive Capital
|
||||||
08/21/2023 | Series D | $339MM | $xx.xx | $5.8B | Founders Fund, General Catalyst, Sands Capital, Thrive Capital | |
Price per Share
$xx.xx
Shares Outstanding
16,950,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Founders Fund, General Catalyst, Sands Capital, Thrive Capital
|
||||||
03/21/2022 | Series C-3 | $209.76MM | $xx.xx | $8.1B | Altimeter, Coatue Management, D1 Capital Partners, Definition Capital, Founders Fund, Iconiq Capital, Lux Capital, Redpoint Ventures, Spark Capital, Stripe, Thrive Capital, Vista Public Strategies | |
Price per Share
$xx.xx
Shares Outstanding
6,991,994
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Altimeter, Coatue Management, D1 Capital Partners, Definition Capital, Founders Fund, Iconiq Capital, Lux Capital, Redpoint Ventures, Spark Capital, Stripe, Thrive Capital, Vista Public Strategies
|
||||||
08/24/2021 | Series C-2 | $50.75MM | $xx.xx | $4.08B | Altimeter Capital, A* Partners, Box Group, Coatue Managemenet, Conversion Capital, D1 Capital Partners, Definition Capital, Flexport, Founders Fund, Honeycomb, Iconiq Capital, Kinetic, Lachy Groom Fund, Lux Capital, Olive Tree, Redpoint Ventures, Spark Capital, Stripe, Thrive Capital, Vista Public Strategies | |
Price per Share
$xx.xx
Shares Outstanding
7,596,395
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Altimeter Capital, A* Partners, Box Group, Coatue Managemenet, Conversion Capital, D1 Capital Partners, Definition Capital, Flexport, Founders Fund, Honeycomb, Iconiq Capital, Kinetic, Lachy Groom Fund, Lux Capital, Olive Tree, Redpoint Ventures, Spark Capital, Stripe, Thrive Capital, Vista Public Strategies
|
||||||
08/24/2021 | Series C-1 | $301.37MM | $xx.xx | $4.08B | Altimeter Capital, A* Partners, Box Group, Coatue Managemenet, Conversion Capital, D1 Capital Partners, Definition Capital, Flexport, Founders Fund, Honeycomb, Iconiq Capital, Kinetic, Lachy Groom Fund, Lux Capital, Olive Tree, Redpoint Ventures, Spark Capital, Stripe, Thrive Capital, Vista Public Strategies | |
Price per Share
$xx.xx
Shares Outstanding
20,091,663
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Altimeter Capital, A* Partners, Box Group, Coatue Managemenet, Conversion Capital, D1 Capital Partners, Definition Capital, Flexport, Founders Fund, Honeycomb, Iconiq Capital, Kinetic, Lachy Groom Fund, Lux Capital, Olive Tree, Redpoint Ventures, Spark Capital, Stripe, Thrive Capital, Vista Public Strategies
|
||||||
04/08/2021 | Series B | $65.69MM | $xx.xx | $1.56B | Box Group, Coatue Management, Contrary Capital, D1 Capital Partners, Founders Fund, Goldman Sachs, Neo, Redpoint Ventures, Stripe, Thrive Capital | |
Price per Share
$xx.xx
Shares Outstanding
13,824,280
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Box Group, Coatue Management, Contrary Capital, D1 Capital Partners, Founders Fund, Goldman Sachs, Neo, Redpoint Ventures, Stripe, Thrive Capital
|
||||||
08/31/2020 | Series A-4 | $4.03MM | $xx.xx | $202.07MM | Coatue Management, D1 Capital Partners | |
Price per Share
$xx.xx
Shares Outstanding
5,667,670
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Coatue Management, D1 Capital Partners
|
||||||
08/31/2020 | Series A-3 | $30.66MM | $xx.xx | $202.07MM | Coatue Management, D1 Capital Partners | |
Price per Share
$xx.xx
Shares Outstanding
30,016,990
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Coatue Management, D1 Capital Partners
|
||||||
01/15/2020 | Series A-2 | $3.49MM | $xx.xx | $80.46MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
13,644,530
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
01/15/2020 | Series A-1 | $12MM | $xx.xx | $80.46MM | Backend Capital, Box Group, Coatue Management, Conversion Capital, Founders Fund | |
Price per Share
$xx.xx
Shares Outstanding
20,821,710
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Backend Capital, Box Group, Coatue Management, Conversion Capital, Founders Fund
|
||||||
06/28/2019 | Series Seed | $4.5MM | $xx.xx | $15MM | Box Group, Coatue Management, J Ventures | |
Price per Share
$xx.xx
Shares Outstanding
21,377,650
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Box Group, Coatue Management, J Ventures
|