Latham & Watkins Advises Ramp in US$500 Million Series E-2 Financing

Ramp, the leading financial operations platform, has announced its Series E-2, raising US$500 million at a US$22.5 billion valuation. ICONIQ led the round, with continued support from existing investors including all participants from the June 2025 Series E: Founders Fund, D1 Capital Partners, GIC, Coatue, Avenir Growth, Thrive Capital, Khosla Ventures, Sands Capital, 8VC, Lux Capital, Altimeter, Definition Capital, 137 Ventures, General Catalyst, and Stripes. New investors for this round include: Sutter Hill Ventures, Lightspeed Ventures, T. Rowe Price Associates, Inc., GV (Google Ventures), Emerson Collective, Operator Collective, and Pinegrove Capital Partners.

Latham & Watkins LLP represents Ramp in the funding round with an Emerging Companies & Growth team led by Bay Area partners Seth Gottlieb and Alex Kassai, with associates Kojo Hayward, Kayleigh Kuyon, and Marc Lim. This follows Latham’s representation of Ramp in its Series D-2 in April 2024 and Series E in June 2025.