Investors couldn’t get enough of the ramp throughout 2025 and it looks like 2026 could be another banner year for corporate expense management startups raising funds. According to sources, the company is in talks to raise another $750 million at a pre-money valuation of more than $40 billion. Tell the Wall Street Journal. However, the deal is not finalized yet, so the terms may change.
Ramp declined to comment.
In November, Ramp announced its Raised $300 million at $32 billion post-money valuation Led by Lightspeed, which also included an employee tender offer. The company announced a $500 million Series E-2 at a valuation of $22.5 billion led by Iconiq in July, just weeks after its $200 million Series E-2 at a valuation of $16 billion led by Founders Fund. It had increased a few times before in 2025, each time adding another big valuation.
The ramp has also been successful in generating revenue. In November, Ramp’s founding CEO Eric Glyman said his company had reached $1 billion in revenue, doubling its income in just one year. Glyman is also promoting the approach of AI built into Ramp’s expense management products, with agents that automatically block out-of-policy purchases, detect fraud, and move funds to interest-bearing investments.
That combination of growth and AI is, apparently, irresistible to VCs.
techcrunch event
San Francisco, CA
|
October 13-15, 2026
