Ramp raises $1.85 billion, valuation rises to $60 billion
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In June 2026, Ramp raised $750 million in Series F financing at a valuation of $44 billion; the company said at the time that it served 70,000 businesses. On October 12, PYMNTS reported that Ramp’s latest funding round raised $1.85 billion, bringing its valuation to $60 billion, excluding the amount raised in this round. On October 13, Fintech News Switzerland reported that Dragoneer Investment Group and Thrive Capital led the round, with Founders Fund also investing a substantial amount; earlier reports said the specific investors had not been disclosed, while subsequent reports said the aforementioned institutions participated in the investment. On October 15, TechCrunch reported that Ramp announced the completion of the funding round, saying that its annualized revenue exceeded $2 billion, annualized purchase transaction volume exceeded $275 billion, and its customer count had grown to 85,000. Ramp is also doubling down on AI, embedding AI agents into its procurement, expense management, accounting, and budgeting products, and launching corporate cards and the Glass workspace for use by AI agents.
AI-written from reports · updated 4 days ago
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- TechCrunch — FintechRamp raises $1.85 billion, valuation rises to $60 billion as it doubles down on AI
Ramp announced it has completed a $1.85 billion financing round, bringing the company’s valuation to $60 billion; four months ago, its valuation was $44 billion. Ramp said annualized revenue has surpassed $2 billion, annualized procurement transaction volume has exceeded $275 billion, and its customer base has grown to 85,000. The company is embedding AI agents into its procurement, expense management, accounting, and budgeting products, and has launched corporate cards for AI agents and the Glass workspace.
- Fintech News SwitzerlandRamp Raises US$1.85 Billion in Funding, Valuation Reaches Approximately US$60 Billion
Ramp secured approximately US$1.85 Billion in new funding, with a valuation of approximately US$60 Billion. Dragoneer Investment Group and Thrive Capital led the round, while Founders Fund also invested a significant amount.
- PYMNTSRamp reaches a $60 billion valuation after new funding round
Ramp reportedly raised $1.85 billion in its latest funding round, reaching a valuation of $60 billion, which does not include the amount raised in this round. Bloomberg reported that Ramp previously raised $750 million through a Series F in June, at a valuation of $44 billion; the company said at the time that it served 70,000 businesses.
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