Ex-Ramp engineers raise $20M for platform Melius after scrapping their first product
$20M. Ex-Ramp engineers pivoted their first product entirely and hit $1M ARR in two months.
Why it matters
A startup with strong founding talent and prior scaling experience raises institutional capital and achieves rapid revenue traction post-pivot—relevant to enterprise AI investors tracking which teams can execute and which products gain adoption velocity.
The key facts
10 to knowFounders: ex-Ramp engineers
Funding: $20M (round stage not specified)
Product: Melius platform (first product scrapped, now post-pivot)
Traction: $1M annualized revenue within two months of pivot launch
Timeline: October 2026
Melius raised $20M Series A
Founding team includes ex-Ramp engineers
Platform pivoted away from original product
$1M annualized revenue within two months of post-pivot launch
Founded by team with enterprise fintech/payments experience (Ramp context)
Go to the source
TechCrunch Startupstechcrunch.com
Publisher excerpt: The startup crossed over $1 million in anualized revenue within two months of its post-pivot launch.