Ramp Hits $32b Valuation, Just Three Months After Hitting $22.5b 

In Brief

The 1 area extracurricular of AI wherever investors are still enthusiastic is disbursal guidance fintech, astatine slightest if Ramp’s 2025 is thing to judge by. Every fewer months, Ramp has raised different ample sum astatine different elephantine caller valuation. On Monday, nan fintech announced it had raised $300 cardinal led by Lightspeed, which besides included an worker tender offer.

This is conscionable a fewer months aft a $500 cardinal Series E-2 astatine a $22.5 cardinal valuation led by Iconiq, announced connected July 30. That information was conscionable a fewer weeks aft a $200M Series E astatine $16 cardinal valuation led by Founders Fund, announced successful mid-June. And that Series E was conscionable 3 months aft a $150 cardinal secondary stock waste astatine a $13 cardinal valuation successful March.  

Prior to 2025, Ramp had antecedently raised successful April 2024 a $150 cardinal Series D co-led by Khosla and Founders Fund astatine a $7.65 valuation. 

With Monday’s round, Ramp has raised $2.3 cardinal successful full equity financing, it says. And successful 2025 alone, nan institution leapt from being worthy $13 cardinal to $32 billion. 

Ramp successful October said it had surpassed $1 cardinal successful annualized revenue, meaning it was connected a trajectory to bring successful that overmuch connected a 12-month basis.

Ramp coming offers firm disbursal management. While it has an AI communicative to show – automating immoderate approvals and processes via agentic offerings – it is not an AI institution per se. It offers firm in installments cards, disbursal management/purchase bid software, and firm travel. The institution says it has surpassed 50,000 customers.

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