D1 Capital Leads $115 Million Funding Round in Ramp

Paul, Weiss represented D1 Capital Partners as lead investor, alongside Stripe, in a $115 million funding round in Ramp, a startup that offers corporate credit cards and software for managing employee expenses. D1 Capital and Stripe led the round, with support from Goldman Sachs, Founders Fund, Coatue Management, Thrive Capital, Redpoint Ventures, Box Group, Neo and Contrary Capital. Funds from the round will be used to support Ramp’s growth and product development and to grow its partnerships, sales and marketing efforts.

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