Ramp achieves $44B valuation in latest funding round

Corporate spend management platform Ramp has achieved a $44 billion valuation after closing a $750 million Series F funding round led by ICONIQ, GIC, and Ontario Teachers' Pension Plan. The New York-based company nearly tripled its valuation from roughly $16 billion a year ago, driven by a 170% surge in total payment volume and its expansion into AI-powered procurement tools. Ramp now serves over 70,000 businesses and has raised more than $1.2 billion in total capital to fuel further growth.

Ramp achieves $44B valuation in latest funding round The corporate spend management platform nearly tripled its valuation in a year, raising $750 million in Series F funding led by ICONIQ, GIC, and Ontario Teachers' Pension Plan. Ramp, the New York-based corporate spend management company, is now worth $44 billion. That’s nearly three times its roughly $16 billion valuation from about a year ago. The company closed a $750 million Series F round, with ICONIQ, GIC, and Ontario Teachers’ Pension Plan leading the charge. Goldman Sachs Alternatives and D.E. Shaw also joined as new investors. The numbers behind the hype Ramp’s total payment volume surged approximately 170% year-over-year as of March 2026. That’s the company’s fastest growth pace in three years. The platform now serves over 70,000 businesses, offering corporate cards, expense management, bill payments, and AI-powered procurement and spend intelligence tools. The $44 billion figure represents a 38% jump over Ramp’s previous valuation, which had already climbed to $32 billion in November 2025. So within roughly seven months, the company tacked on another $12 billion in perceived value. Why AI is the accelerant CEO and co-founder Eric Glyman has emphasized how AI is reshaping spending patterns across the corporate ecosystem, and Ramp is positioning itself as the financial control layer for that transformation. The competitive landscape Ramp’s total capital raised across all funding rounds has now exceeded $1.2 billion, giving it substantial runway to continue expanding its product suite and customer base. Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy https://cryptobriefing.com/editorial-policy/ .