Throughout 2025, investors were incredibly enthusiastic about Ramp, and indications suggest that 2026 may also witness significant fundraising achievements for the corporate expenditure management startup. Sources inform The Wall Street Journal that the company is negotiating to secure an additional $750 million at a pre-money valuation exceeding $40 billion. However, the agreement is not finalized yet, which means the terms could be subject to change.

Ramp chose not to provide a statement.

In November, Ramp revealed that it had procured $300 million at a $32 billion post-money valuation, led by Lightspeed, which also involved an employee tender offer. In July, the firm disclosed a $500 million Series E-2 at a $22.5 billion valuation, spearheaded by Iconiq, shortly after its $200 million Series E at a $16 billion valuation, led by Founders Fund. Earlier in 2025, the company secured funding on a few occasions, each time achieving another significant valuation increase.

Ramp has also excelled in revenue generation. In November, CEO and founder Eric Glyman announced that his company had hit $1 billion in revenue, effectively doubling its earnings within a single year. Glyman has been promoting a vision of AI integrated across Ramp’s spend management solutions, featuring agents that automatically prevent out-of-policy purchases, identify fraud, and allocate funds to interest-bearing investments.

This blend of growth and AI appears to be particularly attractive to venture capitalists.