Ramp in talks for $40B+ valuation just 6 months after $32B
Original: Ramp in talks to hit $40B+ valuation, 6 months after reaching $32B
Why This Matters
Demonstrates continued investor appetite for fintech growth stories with AI integration
Corporate spend management startup Ramp is reportedly in talks to raise $750 million at over $40 billion pre-money valuation, according to Wall Street Journal sources. This follows November's $300M raise at $32B post-money.
Ramp is reportedly negotiating a new funding round that would value the corporate spend management company at over $40 billion pre-money, with plans to raise $750 million. The deal terms are not yet finalized. This potential round comes just six months after Ramp raised $300 million at a $32 billion post-money valuation in November 2025. The company had an exceptionally active 2025, raising multiple rounds including a $500 million Series E-2 at $22.5 billion led by Iconiq in July, and a $200 million Series E at $16 billion led by Founders Fund shortly before. CEO Eric Glyman reported the company reached $1 billion in revenue by November, doubling year-over-year. Ramp has been promoting AI integration across its spend management platform, including automated policy enforcement and fraud detection.