Fintech Ramp’s Valuation Hits $16 Billion in Funding Round Led by Peter Thiel’s Founders Fund

Picture Credits: Gage Skidmore/Flickr

Corporate finance platform Ramp has raised its valuation to $16 billion in a new $200 million funding round led by Founders Fund, the venture firm co-founded by Peter Thiel, according to CNBC. This marks a $3 billion increase from its $13 billion valuation in March 2025.

Founded in 2019, Ramp provides corporate cards, procurement, bookkeeping, travel booking, and vendor management services, processing tens of billions in annual purchases for 40,000 companies, including CBRE, Shopify, Anduril, and Notion. The company ranked No. 6 on the 2025 CNBC Disruptor 50 list.

Expansion and AI Integration

Ramp has expanded its offerings for enterprise clients, launching Ramp Treasury in January, which allows businesses to earn 2.5% on idle operating cash. It also acquired Venue, an AI-powered procurement startup, to enhance vendor payment tools. Last June, Ramp entered the corporate travel space with Ramp Travel, partnering with Priceline to compete with rivals like Navan.

The company says it has released 270 features this year, focusing on AI-driven automation for financial operations. Despite rapid growth, Ramp claims it serves just 1.5% of the U.S. addressable market.

CEO’s Vision

In a blog post, Ramp co-founder and CEO Eric Glyman cited inspiration from companies like Stripe, SpaceX, and Amazon, framing Ramp’s mission simply:

"Save your company time and money (without you noticing)."

"Let the robots chase receipts and close your books, so you can use your brain and build things," he added.

Investor Backing

The funding round included participation from Thrive Capital, D1 Capital Partners, General Catalyst, GIC, ICONIQ Growth, Khosla Ventures, Sands Capital, 8VC, Lux Capital, Stripes, 137 Ventures, Avenir Growth, and Definition Capital.

Source: CNBC

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