# Ramp has raised $500 million in a Series E-2 round led by Iconiq.

*fintech, genai · news · 2025-07-30 · TechStartups.com*

## Key points

- Ramp raised $500 million in a Series E-2 round, increasing its valuation to $22.5 billion.
- Ramp's AI agent, launched in July, now automates employee expense checks for thousands of customers.
- Future AI tools from Ramp will support procurement, bookkeeping, and proactively notify teams about pending approvals.
- Ramp's AI leverages data from Gmail, Google Calendar, and transaction histories to automate complex finance tasks.
- Ramp now serves over 40,000 businesses, up from 15,000 last year, and reports $700 million annualized revenue.

**Companies:** Ramp, Iconiq, Founders Fund, D1 Capital
**Countries:** United States

[Read the full story on TechStartups.com](https://techstartups.com/2025/07/30/ramp-raises-500m-to-bring-ai-agents-to-corporate-finance-hits-22-5b-valuation/)

---

Canonical: https://newsio.io/n/01e4dda9-b772-4027-87a8-57c61215703e/ramp-has-raised-500-million-in-a-series-e-2-round-led-by-iconiq-the-fresh-round
Summarized by Newsio from TechStartups.com. https://newsio.io/how-it-works