Ramp, which uses a monetary operations platforms to business customers, has actually raised its evaluation to $ 16 billion in a brand-new fundraising led by veteran financier Creators Fund, Peter Thiel’s endeavor company.
The $200 million round is the 5th that Creators’ has actually led for Ramp and raised its evaluation by $3 billion. It last raised cash at a $13 billion evaluation in March.
Established in 2019, Ramp uses services that cover business cards, procurement, accounting, travel reservation, and supplier management, and states it manages 10s of billions in purchases yearly throughout 40,000 business.
Ramp ranked No. 6 on the 2025 CNBC Disruptor 50 list.
Its list of customers consists of CBRE, Shopify and 2 fellow 2025 CNBC Disruptor 50 business, Anduril and Concept (Founders Fund is likewise a financier in Anduril).
Ramp has actually been increasing its offerings for business business. In January, it introduced Ramp Treasury, which enables business to make 2.5% on idle operating money. It likewise obtained Place, an AI-powered procurement software application start-up, and utilized it to present brand-new supplier payment tools. Last June, it debuted Ramp Travel, partnering with Priceline for scheduling and handling costs for business travel, moving into the marketplace of fellow Disruptor Navan.
The business states it has actually delivered 270 functions this year, with a concentrate on increased automation of monetary operations and usage of AI, and still serves just 1.5% of the addressable U.S. market.
Ramp co-founder and CEO Eric Glyman composed in a post about the fundraising that he is directed by his preferred business’ objectives: “Increase the GDP of the web (ten-time Disruptor Stripe); Make humankind a multiplanetary types (SpaceX); Be Earth’s many customer-obsessed business (Amazon).”
” Ours can fit on a Post-it too,” he composed. “Conserve your business money and time (without you seeing).”
” Let the robotics chase after invoices and close your books, so you can utilize your brain and develop things,” he included.
Extra financiers in the round consisted of Thrive Capital, D1 Capital Partners, General Driver, GIC, ICONIQ Development, Khosla Ventures, Sands Capital, 8VC, Lux Capital, Stripes, 137 Ventures, Avenir Development, and Meaning Capital.
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