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Ramp

Ramp is a New York City-based financial operations platform founded in 2019 by Eric Glyman, Karim Atiyeh and Gene Lee[8]. The company provides corporate cards, expense management, bill-payment software, and procurement tools powered by artificial intelligence[13]. As of June 2026, Ramp reported more than 70,000 customers, over $1 billion in annualized revenue with positive free cash flow, and $200 billion in annualized purchase volume[3]. The enterprise segment grew more than 100 percent year over year, with 3,200 or more customers each generating $100,000 or more in annualized revenue[4]. Named customers include Visa, Uber, Shopify, Anduril, Figma, Notion, Cursor, Stanford Athletics and the Boys and Girls Club[5]. In June 2026, Ramp announced a $750 million primary financing round at a $44 billion valuation, led by ICONIQ, GIC and Ontario Teachers' Pension Plan[2]. The company expanded to Canada in 2026, opening a Toronto office[1].

Funding

  • Series E, $200M

    with 137 Ventures, 8VC, Avenir, D1 Capital Partners, Founders Fund, General Catalyst, GIC, ICONIQ Growth, Khosla Ventures, Lux Capital, Sands Capital Ventures, Stripes, Thrive Capital

  • Venture, $300M

Leadership & org chart

Alumni

In the news

Recent developments

  • Ramp launches in Canada and opens Toronto office. New York fintech Ramp launched its finance platform in Canada with CAD and USD corporate cards, payments, expense management and tax automation, and opened an office in downtown Toronto.[1]Jul 28, 2026
  • CNBC reported the $750 million round at a $44 billion valuation on 4 June 2026, led by ICONIQ, GIC and Ontario Teachers' Pension Plan, nearly tripling Ramp's valuation within a year.[6]Jun 4, 2026

Alumni 1 went on to found or lead

The full Ramp mafia →

Funding history

  • Announced a $750 million primary financing round on 4 June 2026 at a $44 billion valuation, led by ICONIQ, GIC and Ontario Teachers' Pension Plan, bringing total equity raised past $3 billion. New investors included Goldman Sachs Alternatives, D.E. Shaw & Co., Morgan Stanley Investment Management, Generation Investment Management, Insight Partners and BroadLight Capital, alongside returning backers Founders Fund, Lightspeed, D1 Capital, T. Rowe Price, General Catalyst, Thrive Capital, Coatue and Khosla Ventures.[3]Jun 4, 2026
  • Earlier rounds: $15M Series A led by Founders Fund (Feb 2020), $115M Series B at $1.6B (Apr 2021), $300M Series C at $3.9B (Aug 2021), $300M Series D at $5.8B (Aug 2023) and $150M Series D-2 at $7.65B (Jun 2024).[19]
  • Raised $300 million in November 2025 at a $32 billion valuation, after a $22.5 billion mark in July 2025 and a Series E at $16 billion in June 2025.[20]

Traction

  • Enterprise business grew more than 100% year over year, with 3,200+ customers each generating $100,000 or more in annualized revenue and roughly 170% year-over-year growth in total payment volume as of March 2026.[2]Jun 4, 2026
  • As of 1 June 2026 Ramp reported more than 70,000 customers, over $1 billion in annualized revenue with positive free cash flow, and $200 billion in annualized purchase volume.[4]Jun 4, 2026
  • Reported $1 billion in annualized revenue as of August 2025, with more than 25,000 businesses on the platform and roughly 1,200 employees.[16]
  • Founded in March 2019 by Eric Glyman (CEO), Karim Atiyeh (CTO) and Gene Lee, and formally launched in February 2020; headquartered in New York City with offices in Miami and San Francisco. Glyman and Atiyeh previously co-founded Paribus, acquired by Capital One in 2016.[18]

Product

  • Recent launches include Ramp Stack for accounting firms, AI token spend management, Ramp Budgets, procurement agents, accounting agents and Ramp for Startups.[7]Jun 4, 2026
  • Ramp sells corporate charge cards, expense management and bill-payment software, extending into purchase requests and vendor management, with an AI Policy Agent that automates expense reviews.[17]

Customers

  • Named customers include Visa, Uber, Shopify, Anduril, Figma, Notion, Cursor, Stanford Athletics and the Boys and Girls Club.[5]Jun 4, 2026

Backers

Deals & lineage

Acquired

  • Cohere.io

    AI customer support automation startup acquired by New York fintech Ramp in June 2023 (unrelated to the LLM company Cohere)

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