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Why 8VC partnered with Ramp to support finance automation across their portfolio
Empowered founders and finance teams across 8VC’s portfolio companies
Built by former founders and operators, the spirit of entrepreneurship is deeply embedded in 8VC's DNA. The firm adopts a hands-on approach, actively engaging with portfolio founders to help drive success. The team noticed that portfolio founders were spending too much of their valuable time on spend management and internal finance processes. A deep understanding and data-driven approach to company spending is key for all of their portfolio companies in order to maximize their time and improve operational efficiency. For this reason, 8VC has partnered with Ramp and recommends it as a powerful tool that their portfolio founders and finance teams can leverage as they scale to automate previously manual processes.
Bela Becerra, a Principal at 8VC, notes, "Portfolio companies using Ramp display better command over spend. These startups can course correct and respond in a much more dynamic manner, which has become increasingly important in this macro environment. Leveraging Ramp helps our founders save a significant amount of time on admin workflows and empowers teams to focus on mission-critical tasks."
Startup founders and their teams have to juggle an overwhelming amount of competing priorities. Ramp alleviates much of the time-consuming manual tasks and empowers 8VC portfolio founders with flexible credit card solutions, AI-powered savings insights, and increased spend visibility. The 8VC investment team views Ramp as one of the key systems for their portfolio founders to implement to run their companies in a business-savvy manner from the start.
One of the key benefits that the 8VC team also sees with Ramp is its scalability. Bela explains, “Ramp makes a meaningful difference when companies are rapidly expanding their respective teams and are scrambling to keep track of spend on the corporate credit card. Our portfolio certainly feels the pressure to be thoughtful about tracking expenses responsibly.” Unlike many legacy spend management tools that cater to specific stages of a company's maturity, Ramp stands out by offering scalable solutions that grow alongside businesses. Whether a company is in its early incubation stage or has reached Series D and beyond, Ramp provides the necessary tools and support to effectively manage spend and the internal finance function at every step of the journey.
8VC is also a Ramp customer—read their story.
Over 90 8VC portfolio companies use Ramp
Founded in 2015, 8VC is an Austin-based technology and life sciences venture fund with roughly $8B in AUM. The fund is built by a team of entrepreneurs, engineers, investors, and philosophers who value operating experience, action, new ideas, and creative theories. The partners have a proven track record as founders and early members of successful companies including Palantir, Addepar, Affinity, OpenGov, LinkedIn, Yahoo, and NerdWallet, among others. 8VC invests primarily in smart enterprise platforms across industries including healthcare, financial services, logistics, and Bio-IT, in addition to horizontal platforms, which encompass core enterprise infrastructure (data, software, machine learning) and departmental SaaS. 8VC tends to write Series A and B lead checks, but is also quite active at the seed stage as well as on the incubation front through the 8VC build program.
