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Ramp Raises $150M Led by Khosla, Founders Fund; Valuation Soars to $7.65B

Apr 17, 2024, 11:35 PM

Fintech startup Ramp has successfully raised $150 million in a Series D-2 funding round, co-led by Khosla Ventures and Founders Fund, at a valuation of $7.65 billion. This valuation marks a 36% increase from its previous valuation last year. Keith Rabois led this round, marking his fourth leadership in Ramp's funding rounds. The round also saw participation from new investors including Sequoia, Greylock VC, and 8vc, alongside existing investors. This funding round is part of a broader trend where fintech companies are seeing their valuations recover after a period of down rounds.