Overview
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].
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. [21]
Ramp job board lists office "New York, NY (HQ)" [23]
Business address: 28 West 23rd Street, Floor 2, New York, NY 10010. [24]
SEC EDGAR lists Ramp Business Corp business address as 28 West 23rd Street Floor 2, New York, NY [27]
Y Combinator's directory lists the company location as New York City, NY, USA; Remote. [28]
Business address: 28 West 23rd Street, New York, New York, 10010. [30]
Growth & 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. [5] (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. [6] (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. [20]
Funding & milestones
2 events found for Ramp
- Undated
Series EVenture / equityDetails$200M
Reported amount $200,000,000
Source not attached to this recordDeal record - Undated
VentureVenture / equityDetails$300M
Reported amount $300,000,000
Source not attached to this recordDeal record
Recorded history so far. Original currencies are preserved; amounts in different currencies are not added together. Debt, grants, acquisitions and listings are separate event types. Undated events appear last.
Profile narrative
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). [17]
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. [18]
Raised $750 million in June 2026 at a $44 billion valuation. [19]
Leadership & org chart
P5 alumniIn the news
- Open-weight AI companies are the Valley’s hottest acquisition targetsThere's a lot of capital pouring into the business of giving models away.
TechCrunch AI · Aug 28, 2026
- Today we're announcing that Warp is now a preferred @stripe partner across Stripe Atlas and Stripe Startups, alongside great companies like Ramp, Linear, Vercel, and OpenAI.
Our partnership with Stripe helps double down on our commitment to supporting founders from idea to IPO. https://t.co/Ju7h7ceJz0
- Ramp launches its own AI model router, called RouterRamp has launched its own AI model routing service, dubbed Router, that lets users and companies use and switch between various large language models via an API.
- Ramp launching their Router the same day Stripe announces the OpenRouter deal 👀
- Contrarians tend to do very well at Ramp. @shevchenkoaalex, who runs @ramplabs, is one of them. High-agency people doing hard work should have real say in what work is worth chasing. Especially when everyone else says "that sounds too hard" or "that'll never work." Those are
- Most people judge AI models by what they can do today. @rahulgs judges the slope.
When we started Ramp, people had tasted better software at home and could no longer tolerate the tools they were handed at work. So we built something better.
Same thing is happening now with AI. https://t.co/AC4XKBa0TZ
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.[2]Jun 4, 2026
Alumni 1 went on to found or lead
John SarihanTech Lead / Manager→Co-Founder & CTO at Crosby- PStefano SengosPartnerships→Venture Scout at LvlUp Ventures
Carly ShindlerSales Development Representative, Accounts Payable
Jesse JacobsEnterprise Customer Activation Manager
Jonathan AvrahamProduct Partnerships
Ryan W.Manager, Commercial Sales
Backers
Stripe
A financial infrastructure platform that enables businesses to accept payments, manage cash flow, and build flexible billing models.
General Catalyst
Global venture capital and investment firm with a New York office
Sequoia Capital
Venture capital firm backing founders across AI, healthcare, retail and other sectors from early stage through growth.
Citi
Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients. We have over 200 years of experience helping our clients meet the world's toughest challenges and embrace its greatest opportunities. We are Citi, the global bank – an institution connecting millions of people acros
Lightspeed Venture Partners
Multi-stage venture capital firm investing from seed to Series F and beyond
Khosla Ventures
Venture capital firm investing from established fintech through frontier AI research organizations
Thrive Capital
NYC-based venture firm that builds and invests in internet, software, and technology-enabled companies
Thrive Capital is an investment firm that builds and invests in internet, software, and technology-enabled companies.
ICONIQ Capital
ICONIQ is a global investment firm catalyzing opportunity through extraordinary community. We partner with visionaries transforming industries, manage our client’s lives and legacies, seek to deliver exceptional investment portfolios, build where technology disruption creates uncommon outcomes, and champion collaborative philanthropy for outsized impact. Together, our goal is to harness the differentiated capital and strategic strength of the ICONIQ community to turn bold ideas into world-changi
Coatue
NYC-based investment firm active in public and private technology markets, expanding access to innovation
Founders Fund
Venture capital firm investing at Series A and beyond, listed among top AI investors
Lux Capital
New York and Silicon Valley venture firm investing in counter-conventional science and technology companies
T. Rowe Price
T. Rowe Price is a premier global asset management organization, actively investing in opportunities to help people thrive in an evolving world. Headquartered in Baltimore, Maryland, we provide a broad range of investment solutions across equity, fixed income, and multi-asset capabilities for clients around the world—from individuals to advisors to institutions to retirement plan sponsors. Our active, independent investing approach has guided how we do business for more than 85 years. Our pro
A venture capital firm that invests in emerging science and technology companies.
Stripes
Stripes is a global growth investor that invests in companies with consumer and business products across various sectors including software, e-commerce, and food brands. The page displays their portfolio of investments and describes their product-led growth investment approach.
Emerson Collective
Emerson Collective invests in entrepreneurs and innovators focused on education, economic mobility, immigration, and environmental challenges. The organization hosts Demo Day events featuring entrepreneurs and maintains an active investment portfolio.
GV
GV supports innovative founders across multiple stages and sectors, from artificial intelligence and life sciences to consumer platforms, enterprise software, and frontier technology. Launched as Google Ventures in 2009, GV oversees more than $10 billion in assets under management. Our operating partners support founding teams at every stage of company-building across executive talent, design, communications, and marketing. GV is a non-strategic venture capital firm that invests independently f
8VC
8VC is a technology investment firm that builds and invests in companies across life sciences, healthcare, manufacturing, enterprise, logistics, and defense sectors. The firm also operates a fellowship program and a build program for founding new companies.
Redpoint
Venture capital firm investing across AI, infrastructure, fintech and consumer technology.
137 Ventures
137 Ventures is a multi-stage investment firm that invests in technology companies and their founders. The firm is an SEC registered investment advisor with a portfolio of venture-backed companies.
GIC
Established in 1981 to manage Singapore's foreign reserves, we strive to achieve good long-term real returns on assets under our management to preserve and enhance the value of Singapore's reserves. We have investments in over 40 countries and are headquartered in Singapore, with 11 offices in key financial cities worldwide.
Altimeter Capital
Altimeter is a technology-focused investment firm built by a founder for founders. Altimeter’s mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. Altimeter manages a variety of funds that invest in the public and private markets, and seeks to serve as an expert long-term partner to companies as they enter the public markets. At Altimeter, essentialism is not just the flavor of the day - it’s an ongoing practice. It’
- AAvenir
- DCD1 Capital Partners
- SHSutter Hill Ventures
- IGICONIQ Growth
- SCSands Capital Ventures
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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