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Ramp raises another $150M co-led by Khosla and Founders Fund at a $7.65B valuation
Khosla Ventures and Founders Fund co-led the raise, which also included participation from new backers Sequoia, GIC, Greylock and 8VC.
Spend management startup Ramp has raised another $150 million at a valuation of $7.65 billion, the company confirmed to TechCrunch today. In March, 2023, co-founder and CEO Eric Glyman told TechCrunch that the company saw its revenue grow by 4x in 2022 — led by its fastest-growing segment of bill pay — but was not yet profitable. Glyman told TechCrunch that the new funding will be used to “triple down” on innovation including using artificial intelligence (AI) capabilities “to automate cumbersome processes, provide deeper insights into spending, enhance decision-making capabilities, and more.” Last November, Ramp announced a new integration with Microsoft Copilot as part of its efforts to incorporate AI into its offering.
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