Ramp announced a new financing round that brought in $750 million and set its valuation at $44 billion, a marked increase from the $32 billion valuation reported in November. The funding was led by ICONIQ, GIC and the Ontario Teachers’ Pension Plan, with additional support from Goldman Sachs Alternatives, D.E. Shaw and Morgan Stanley Investment Management. Existing investors that participated include Founders Fund, Lightspeed Venture Partners, D1 Capital Partners, T. Rowe Price and General Catalyst.
Founded in 2019, Ramp offers corporate cards, payment processing and expense management tools. The firm says its platform is used by more than 70,000 organizations that range in scale and sector from family farms and space startups to Fortune 100 companies.
Ramp reported that customers have collectively saved in excess of $12 billion and reclaimed 27 million hours by using its products. The company provided additional metrics from May 2026 showing the median customer realized 50% greater dollar savings and a 32% increase in time saved year-over-year. According to Ramp, organizations that adopt the full suite of its offerings saw more than double those savings.
Eric Glyman, co-founder and chief executive officer of Ramp, commented on the pace of expansion: "We’re growing as fast as we were three years ago, at roughly twenty times the size, and that’s because finance is going through the biggest structural change since the spreadsheet," he said.
The round drew a mix of sovereign, pension and alternative asset managers alongside long-standing venture investors. The financing and valuation uplift underline investor appetite for companies focused on corporate finance tooling, payments and expense automation.
While Ramp provided aggregate impact figures and median customer improvements, the metrics are presented as company-reported results. The firm’s user base and reported savings are core elements highlighted in the funding announcement.
Investors and market observers will likely watch for how Ramp translates this financing and elevated valuation into continued product adoption, client retention and realized cost and time savings across its customer base.