Ramp valuation and funding history
New York, founded 2019
Ramp was founded in New York in 2019, not San Francisco. It raised a modest seed, took a 28 percent haircut in 2023, and was valued at $44 billion in June 2026. The dip is the useful part.
Eric Glyman, Karim Atiyeh and Gene Lee started Ramp in March 2019 in New York. Founders Fund and Coatue put in about $8 million as a seed, which is a real amount of money and nowhere near the numbers the company would later raise.
They built it in Manhattan. Offices in San Francisco and Miami came later and additionally, not instead. For a company selling corporate cards to American businesses, being in New York turned out to be an ordinary decision rather than a handicap.
- Founded
- 2019
- Headquarters
- New York
- Rounds raised
- 6
- Total raised
- $1.7B
- Latest valuation
- $44B
- Latest round
- June 2026
The whole raise
| Round | Amount | Valuation | Led by |
|---|---|---|---|
| SeedJune 2019 | $8M | Founders Fund, Coatue | |
| Series BApril 2021 | $115M | $1.6B | D1 Capital |
| Series CAugust 2021 | $300M | $3.9B | |
| Series DAugust 2023 | $300M | $5.8B | Thrive Capital, Sands Capital |
| Series EJune 2025 | $200M | $16B | Founders Fund |
| GrowthJune 2026 | $750M | $44B |
What the numbers say
In 2023 Ramp raised at a valuation 28 percent lower than its previous mark. Three years later it was worth $44 billion. That 2023 round is the one worth remembering: raising below your last price feels like failure and is reported like failure, and it was simply the price of capital that year. Ramp kept going, and says it passed $1 billion of annualised revenue in September 2025.
What this means for your raise
- 01
A down round is a weather report, not a verdict
Ramp raised 28 percent below its previous mark in 2023 and multiplied roughly seven times over the next three years. If the market reprices you, that is information about the market. It ends companies far less often than founders fear.
- 02
The same investors keep showing up
Founders Fund was in the seed and led again at $16 billion six years later. Investors who already backed you are the warmest list you will ever have, which is only useful if you built that list in the first place.
- 03
New York was not a compromise
Ramp sells to American businesses and was built in the city where a lot of them are. Pick the place that is close to your customers, not the place with the best startup mythology.
Every one of these started with a first investor conversation.
Find your investorsFrequently asked questions
What is Ramp valued at?
Ramp was last valued at $44B, at its Growth in June 2026.
How much has Ramp raised?
Ramp has raised about $1.7B across 6 disclosed rounds.
Who are Ramp investors?
Rounds at Ramp have been led by D1 Capital, Thrive Capital, Sands Capital, Founders Fund.
When was Ramp founded?
Ramp was founded in 2019 in New York.
Figures are as publicly reported and were distilled from RF Stories issue 5. Valuations move, so treat this as a snapshot rather than a live quote.
