D1 Capital Invests in Ramp

Paul, Weiss advised D1 Capital Partners in its investment in Ramp, a corporate expense management startup. D1 Capital participated in the $300 million Series C funding round, which values the company at $3.9 billion, alongside Founders Fund, Redpoint Ventures, Thrive Capital, Spark Capital and many other new and existing investors. Financing from the round will be used to accelerate Ramp’s development of its finance automation platform, designed to provide businesses with corporate cards with built-in expense and accounting automation software.

The Paul, Weiss team included corporate partner Ted Ackerman and Raphael Russo; and tax partner David Mayo.