Ramp in Talks to Raise $750 Million at Over $40 Billion Valuation

Ramp is in talks to raise $750 million at a pre-money valuation of more than $40 billion, sources told The Wall Street Journal. The deal is not yet final though, so terms could change. Ramp declined to comment.

The potential fundraising comes six months after the company last raised funding in November at a $32 billion post-money valuation. In that round, Ramp raised $300 million led by Lightspeed, which also included an employee tender offer. TechCrunch reported that investors could not get enough of the corporate spend management startup throughout 2025.

5 billion valuation led by Iconiq. That round came just a few weeks after its $200 million Series E at a $16 billion valuation led by Founders Fund. The company raised funding multiple times earlier in 2025 with big valuation step ups each time.

In November, Ramp founder and CEO Eric Glyman said his company had reached $1 billion in revenue. Ramp doubled its revenue in the year prior to November. Glyman has also been evangelizing a vision of AI embedded throughout Ramp’s spend management products, with agents that automatically block out-of-policy purchases, detect fraud, and move funds to interest-bearing investments.

That combination of rapid revenue growth and artificial intelligence capabilities has apparently proven irresistible to venture capitalists. The latest talks would represent another substantial increase from the $32 billion post-money valuation achieved in November. TechCrunch reported the article was posted at 4:11 PM PDT on May 7, 2026.

The article was written by Julie Bort. TechCrunch reported that the company is reportedly in talks to raise another $750 million at a pre-money valuation of more than $40 billion.