With this raise, Ramp has secured $1.2 billion in equity financing and $700 million in committed debt funding since its 2019 inception.
CEO Eric Glyman stated that Ramp's revenue growth outpaced previous quarters and surpassed $300 million in annualized revenue.
Keith Rabois led the investment for new backer Khosla, showcasing a strong relationship with Founders Fund despite his departure from the firm.
Ramp's ties with Founders Fund are profound, being the company's first institutional investor and maintaining a close partnership throughout its journey.
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