Ramp Raises $750 Million in Series F at $44 Billion Valuation

Ramp, a corporate spend management platform, has completed a Series F funding round of $750 million, valuing the company at $44 billion. The round was led by ICONIQ, GIC, and the Ontario Teachers' Pension Plan, with participation from Goldman Sachs Alternatives, D. E. Shaw & Co., and Morgan Stanley Investment Management, alongside existing backers including Founders Fund, Lightspeed Venture Partners, and Thrive Capital.

As of March 2026, Ramp reported 170% year-over-year growth in total payment volume and handles more than $200 billion in annualized purchase volume across more than 70,000 customers. The funding will support the company's expansion into AI token spend management and international markets following its acquisitions of UK and EU payments provider Billhop and travel platform Juno.