Ramp has completed a Series E funding round, raising $200 million at a valuation of $16 billion. This investment round was led by Founders Fund.

Summary of transaction details:

• Deal Type: Series E
• Transaction Amount: $200,000,000
• Valuation: $16,000,000,000
• Total equity funding: $1,400,000,000
• Annualized purchase volume: $80,000,000,000
• Company founded: 2019
• CEO: Eric Glyman
• Businesses served: Over 40,000
• Notable investors: Founders Fund, Thrive Capital, D1 Capital Partners, General Catalyst, GIC, ICONIQ Growth, Khosla Ventures, Sands Capital, 8VC, Lux Capital, Stripes, 137 Ventures, Avenir Growth, Definition Capital

Founded by Eric Glyman, Ramp offers an integrated platform that combines corporate cards, spend management, bill payments, procurement, travel, and treasury services. The company focuses on creating automated finance tools that assist businesses in saving both time and money.