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 jd@skift.com 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
