Finance automation platform Ramp raised $750 mn

Ramp, the finance automation platform, announced $750 million in new financing.
Dollar spending on technology
The VC funding raise included $200 million in fresh equity funding led by Founders Fund, with participation from all major existing investors including D1 Capital Partners, Thrive Capital, Redpoint Ventures, Coatue Management, Iconiq, Altimeter, Stripe, Lux Capital, Vista Public Strategies, Spark Capital, and Definition Capital.

New investors include General Catalyst, Avenir Growth Capital, 137 Ventures, and Declaration Partners, in addition to tech industry leaders.

Ramp also secured $550 million in debt financing to support the company’s rapid scaling, including $300 million from Citi and an additional $150 million from Goldman Sachs, which doubled its commitment to $300 million.

Ramp has raised over $1 billion in financing since its founding in March 2019.

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