Ramp, which offers a financial operations platforms to corporate clients, has raised its valuation to $16 billion in a new fundraising led by long-time investor Founders Fund, Peter Thiel's venture firm.
The $200 million round is the fifth that Founders' has led for Ramp and raised its valuation by $3 billion. It last raised money at a $13 billion valuation in March.
Founded in 2019, Ramp offers services that cover corporate cards, procurement, bookkeeping, travel booking, and vendor management, and says it handles tens of billions in purchases annually across 40,000 companies.
Ramp ranked No. 6 on the 2025 CNBC Disruptor 50 list.
Its list of clients includes CBRE, Shopify and two fellow 2025 CNBC Disruptor 50 companies, Anduril and Notion (Founders Fund is also an investor in Anduril).