Ramp today announced a $300 million Series D on the back of strong revenue growth, rapidly increasing market share among small and mid-sized businesses, and successful expansion into the enterprise segment over the past year. The company will use this capital to further fuel its industry-leading pace of product development and accelerate its expansion into adjacent categories.

Thrive Capital, Sands Capital, General Catalyst, Founders Fund, and other existing investors all participated in the financing. This is Thrive Capital's fourth, Sands Capital's first, General Catalyst's second, and Founders Fund's eighth investment in Ramp, respectively.

Ramp is the ultimate platform for modern finance teams. From spend management and expense management software, to bill payments and vendor management, Ramp's all-in-one solution is designed to automate finance operations and build healthier businesses. Over 15,000 businesses have switched to Ramp to cut their expenses by an average of 3.5% and close their books 8x faster.