Ramp, a New York-based provider of a finance automation platform, raised $300M in Series D funding.
The round was co-led by Thrive Capital and Sands Capital, with participation from General Catalyst, Founders Fund, and other existing investors.
The company intends to use the funds to further enhance product development and accelerate its expansion into adjacent categories. Next month, Ramp’s paid edition of the platform, Ramp Plus, will be available to all customers.
Led by Eric Glyman, CEO, Ramp is a platform for finance teams, providing solutions for spend and expense management, bill payments and vendor management. Over 15,000 businesses including large multinational and public companies such as Anduril, Poshmark, and Virgin Voyages, currently use its tools.
In the past three months, the company has:
- Entered the procurement software category with Ramp Plus, a new paid edition of its platform.
- Launched Ramp Intelligence, which uses natural language to generate insights for finance teams and proactively surface savings opportunities.
- Acquired Cohere.io, an AI-powered customer support platform, and
- Announced the involvement of Microsoft CEO Satya Nadella as an investor and advisor.
FinSMEs
22/08/2023