Ramp Raises $200 Million for Expense and Biz Travel Management: Startup Funding Roundup
Photo Credit: Ramp offers corporate cards as part of its tech service for managing business travel and expenses. Ramp
Skift Take
Startups for business travel management and flying taxis are still raising a lot of money.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at [email protected] if you have funding news.There’s a lot of money going into tech platforms to manage business travel and expenses. The most recent is Ramp, which raised $200 million this week.
It comes months after TravelPerk raised $200 million, with multiple other companies raising smaller rounds. Also this week: Navan, a corporate travel agency, has taken a step toward becoming a public company.
And flying taxi companies — most recently Archer Aviation — have been raising billions of dollars in their race to operate commercially.
Between Ramp, Archer Aviation, and a small startup, travel companies raised over $1 billion in the past week.
Ramp: $200 MillionRamp, an expense management platform with travel booking capabilities, has raised $200 million in series E funding.
The latest funding values the company at $16 billion, a jump from $13 billion since its previous fundrai
