D1 Capital Invests in Ramp

Paul, Weiss advised D1 Capital Partners in its latest investment in Ramp, a leading financial operations platform. D1 Capital participated in the $500 million Series E-2 funding round, which values the startup at $22.5 billion, alongside ICONIQ, Founders Fund and other existing and new investors. Financing from the round will be used to hire engineers, product experts and marketing and sales staff who will focus on building and selling Ramp’s newly launched AI agents.

The Paul, Weiss team was led by corporate partner Ted Ackerman and counsel Robert Balis.