According to Techcrunch, Ramp's new valuation increased in just 3 months after the previous valuation of 22.5 billion USD. The company has also announced an additional $300 million raised by Lightspeed, including a stock offering for employees.
Previously, on July 30, Ramp raised $500 million in Series E-2 round with a valuation of $22.5 billion led by Iconiq. A few weeks ago, the company received 200 million USD in the Series E round with a valuation of 16 billion USD. Three months earlier, Ramp also conducted a secondary transaction worth $150 million with a valuation of $13 billion. Since April 2024, the company has continuously raised valuations, starting from 7.65 billion USD after the Series D round led by Khosla and Founders Fund.
Up to now, Ramp has raised a total of 2.3 billion USD in equity. In 2025 alone, the company's value increased sharply from 13 billion USD to 32 billion USD. Last October, Ramp said annual revenue exceeded the $1 billion mark.
Ramp is not an AI company but applies automation in the approval and cost management process. The company's platform includes corporate credit cards, spending management software, a booking system and corporate travel services. Ramp said it is serving more than 50,000 customers.
