Ramp Soars Towards $40B Valuation in Record Time

Investors Show Strong Interest in Ramp’s Fundraising Efforts

Ramp, a corporate spend management startup, has been capturing the attention of investors throughout 2025, and it seems that 2026 is shaping up to be another successful year for the company in terms of fundraising. Sources have disclosed to The Wall Street Journal that Ramp is currently in discussions to secure an additional $750 million in funding at a pre-money valuation exceeding $40 billion. However, the deal has not been finalized yet, so there is a possibility of terms changing.

When approached for comment, Ramp declined to provide any further information.

In a recent development, Ramp announced a successful fundraising round in November, raising $300 million at a post-money valuation of $32 billion. This round was led by Lightspeed and included an employee tender offer. Earlier in July, the company had secured a $500 million Series E-2 funding at a valuation of $22.5 billion, with Iconiq leading the round. Prior to that, Ramp had raised $200 million in a Series E round at a $16 billion valuation, led by Founders Fund. These fundraising activities have demonstrated significant growth in Ramp’s valuation over the course of 2025.

Aside from fundraising success, Ramp has also made strides in revenue generation. CEO Eric Glyman revealed in November that the company had achieved $1 billion in revenue, marking a doubling of income within a year. Glyman has been advocating for the integration of AI technology into Ramp’s spend management products, enabling features such as automated detection of out-of-policy purchases, fraud detection, and fund allocation to interest-bearing investments.

The combination of Ramp’s impressive growth trajectory and innovative AI integration has been highly appealing to venture capitalists, contributing to the company’s continued success.

Techcrunch Event in San Francisco, CA