About Ramp
Ramp is a Technology company based in New York (United States) founded in 2022 by TK Kong, and was acquired by Ramp in January 2024. Ramp is recognized for providing procurement and financial software solutions. It operates on a SaaS (Software-as-a-Service) and Subscription Services model. Ramp has raised $1.2 million across 1 funding round from investors including Ramp, Pathlight Ventures and Sequoia Capital. The company has 207 employees. Its chief executive is TK Kong. The company was acqui-hired. Ramp offers products and services including Ramp Procurement, Corporate Cards, and Expense Management. Its focus areas include Software and Financial Software. Its legal entity is Ramp Business Corporation. Its competitors include BirchStreet Systems, PayEm, Concertiv, BuyerQuest and Omnea and 3 more; 8 of its 8 listed competitors have raised funding.
Company details
Ramp is engaged in delivering procurement and financial management software. Solutions are offered for automating intake-to-pay processes, managing corporate expenses, and providing corporate cards. The company serves various sectors including startups, small businesses, mid-market, and enterprise clients. Integration with accounting systems and vendor management tools is supported to enhance financial operations and savings.
Products & Services of Ramp
Ramp offers a comprehensive portfolio of products and services, including Ramp Procurement, Corporate Cards, and Expense Management.
Procurement processes are automated from intake to payment.
Corporate cards are provided for business expense management.
Expense tracking is streamlined for business financial control.
Funding Insights of Ramp
Ramp has successfully raised a total of $1.2M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.2 million completed in June 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.2M
- Total Rounds 1
- Last Round Seed — $1.2M
- First Round $1.2M
(Jun 2023)
- Investors Count 3
All 1 funding rounds of Ramp with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2023 | $1.2M | Seed | – | Sequoia Capital, base case | – |
4 investors in total: 4 institutional.
Investors in Ramp
Ramp has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Ramp, Pathlight Ventures and Sequoia Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | - | |
Early-stage investments are made in innovative startup founders by Basecase. | – | basecase.vc | - | |
Venture capital investments in healthcare, fintech, public sector, enterprise software, and vertical AI. | 2021 | pathlight.vc | New York, United States | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | ramp.com | New York, United States |
Investor details for Ramp
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People of Ramp
271 people are tracked at Ramp (46 in leadership, 225 in team); the tracked headcount is 207.
| Name | Role | Group |
|---|---|---|
TK Kong | Co-Founder & CEO | Leadership |
Cooper Thomas | Channel Partner Manager (accountants) | Leadership |
Eric Glyman | CEO & Co-Founder | Leadership |
Serge Nasr | Director Of Engineering | Leadership |
Gerard Visser | Head Of Workplace | Leadership |
Anonymous | Chief Business Officer | Leadership |
Sandy White | Head Of Account Management | Leadership |
Kristine Ng | Senior Partner Marketing Manager | Leadership |
Michelle Chen | Channel Partner Manager | Leadership |
Elliot Silverstein | Head Of Commercial & Inside Sales | Leadership |
Megan Yen | Head of Business & Revenue Operations | Leadership |
Maxwell Garnett | Executive Assistant To The Chief Business Officer, VP Sales, & Vp/gm Channel | Leadership |
Hannah Nececkas | People Success Partner | Leadership |
Nick Lee | Head Of Tax | Leadership |
Fax Herbert | Head Of Investor Relations | Leadership |
Raphaël Beamonte | Director Of Engineering, Infrastructure | Leadership |
Lewis Drummond | Head of Infrastructure | Leadership |
Justin Blandy | Channel Partner Manager | Alliances | Leadership |
Caleb Augustin | Director, Strategic Partnerships And Resellers | Leadership |
Shadi Ugowe | Senior Channel Partner Marketer | Leadership |
251 more people are available in the full profile.
Complete people profiles for Ramp
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Timeline of Ramp
3 dated milestones of Ramp across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Ramp is founded.
- Funding First funding round of $1.2M.
- Exit Acquired by Ramp.
Competitors of Ramp
Ramp has 8 listed competitors in our database, 8 of them funded. They include BirchStreet Systems, PayEm, Concertiv, BuyerQuest and Omnea, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| birchstreetsystems.com | 2002 | Newport Beach, United States | $2.04M | 75 | Cloud-based procure-to-pay solutions are delivered for business management. | |
| payem.co | 2019 | San Francisco, United States | $40M | 1 | SaaS expense management solutions are delivered for corporate organizations. | |
| concertiv.com | 2014 | New York, United States | $6.62M | 27 | Web-enabled end-to-end procurement management solutions are provided. | |
| buyerquest.com | 2011 | Cleveland, United States | $15.4M | 28 | Procure-to-pay software is provided for e-procurement and spend management. | |
| omnea.co | 2021 | London, United Kingdom | $125.09M | – | Web-enabled solutions for procurement orchestration in supply chains are offered. | |
| vendorpanel.com | 2008 | Melbourne, Australia | $5.05M | – | SaaS-based source-to-contract platform is provided for governments, utilities, and corporates. | |
| tacto.ai | 2020 | Munich, Germany | $59.66M | – | Builds future-proof digital, and sustainable supply chain for industrial organizations | |
| arkestro.com | 2017 | San Francisco, United States | $78.05M | 77 | Web-based solutions for procurement management and supplier oversight are provided. |
Detailed competitors of Ramp
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Top companies in Procurement & Supply Chain IT
10 companies that operate in the same segment as Ramp (Procurement & Supply Chain IT), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based end-to-end spend management software is delivered for businesses. | 2006 | San Mateo, California, United States | USD 169 M | USD 39.68 M | 3,711 | |
Cloud-based positioning solutions are offered for industrial sectors. | 1978 | Sunnyvale, California, United States | – | USD 3.59 B | 12,100 | |
Zebra Technologies is recognized for providing intelligent operation solutions globally. | 1969 | Lincolnshire, Illinois, United States | – | USD 5.43 B | 9,900 | |
AI and cloud-based supply chain management solutions are provided. | 1985 | Scottsdale, Arizona, United States | USD 800 M | – | – | |
AI and SaaS-based robots for warehouse automation are provided. | 2012 | Roswell, United States | USD 545.23 M | USD 39.76 M | 553 | |
Provider of supply chain financing solutions for small and medium enterprises | 2017 | Mumbai, Maharashtra, India | USD 269.95 M | USD 48.5 M | 1,506 | |
AI-based electronic invoicing and supply chain management solution for businesses | 2009 | San Francisco, California, United States | USD 220.46 M | – | 185 | |
Contract lifecycle management software is developed using AI-powered intelligence. | 2016 | San Carlos, California, United States | USD 154.69 M | – | – | |
AI-powered software for legal contract management is utilized. | 2012 | Lehi, Utah, United States | USD 170.95 M | – | 1,164 | |
Procure-to-pay management software is offered for business operations. | 2017 | San Francisco, California, United States | USD 90.5 M | – | – |
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Related news about Ramp
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Frequently Asked Questions about Ramp
Ramp was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Ramp is headquartered in New York, United States. It is registered at New York, New York, United States.
TK Kong is the current CEO of Ramp. They have also founded this company.
Ramp is a funded company, having raised a total of $1.2M across 1 funding round to date. The company's 1st funding round was a Seed of $1.2M, raised on Jun 2023.
Ramp has 207 employees.
Ramp is engaged in delivering procurement and financial management software. Solutions are offered for automating intake-to-pay processes, managing corporate expenses, and providing corporate cards. The company serves various sectors including startups, small businesses, mid-market, and enterprise clients. Integration with accounting systems and vendor management tools is supported to enhance financial operations and savings.
Ramp's top competitors include Concertiv, Omnea and BirchStreet Systems.
Ramp offers Ramp Procurement, Corporate Cards, and Expense Management.
Ramp has 4 investors. Key investors include Ramp, Pathlight Ventures, Sequoia Capital, and Basecase.
Ramp operates through Ramp Business Corporation.
Yes. Ramp was acquired by Ramp in January 2024.