Ramp Hits $16 Billion Valuation in New Funding Round

Financial technology startup Ramp is now valued at $16 billion following a $200 million funding round, according to a person familiar with the matter.

Founders Fund, the VC firm backed by billionaire Peter Thiel, led the financing, the person said.

Ramp declined to comment on the deal. The person familiar with the matter asked not to be identified discussing private information.

The deal represents significant growth for Ramp. The company was valued at $13 billion in a secondary share sale earlier this year. Ramp previously raised funding from investors at a $5.8 billion valuation in 2023.

The ...