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Ramp Raises $1.85 Billion, Boosting Valuation to $60 Billion

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Ramp Raises $1.85 Billion, Boosting Valuation to $60 Billion

Corporate card and expense management platform Ramp closed a $1.85 billion funding round, boosting its valuation to $60 billion, an amount that exceeds many established fintech companies and is nearly double the company’s $32 billion valuation following its November 2025 funding round.

Dragoneer Investment Group led the round, which was co-led by Thrive Capital, Founders Fund, Sands Capital, and Avenir Growth. Additional investors, including Capital International, Fidelity Management & Research Company, T. Rowe Price, and others also contributed.

Ramp, which is used by over 85,000 businesses, was founded in 2019 and has experienced notable growth over the past few years. The company powers over $275 billion in purchases annually, expanded into Canada four months ago, and now generates more than $2 billion in annualized revenue, with positive cash flow. Additionally, the company’s revenue is growing 25% faster now than it was at the same time last year.

“We obsess over saving our customers time and money. That’s why we’re growing faster at more than twice the size we were a year ago,” said Ramp Co-CEO and Co-Founder Eric Glyman. “AI opens up much more of the work it takes to run a company. Our opportunity is to get that work done at less cost. We want to help every business run better with AI.”

Ramp’s recent product launches reflect this emphasis on AI-focused tools. com , which cuts companies’ inference costs by routing requests based on performance and cost.



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