Ramp in talks to hit $40B+ valuation, 6 months after reaching $32B
Source: TechCrunch
Posted: 4:11 PM PDT · May 7, 2026
Image credit: Kelly Sullivan / Getty Images
Funding round in talks
Investors could not get enough of Ramp throughout 2025, and 2026 looks set to be another banner year of fundraising for the corporate spend‑management startup. The company is reportedly in talks to raise $750 million at a pre‑money valuation of more than $40 billion, according to sources cited by the Wall Street Journal1. The deal has not been finalized, so terms could change.
Ramp declined to comment.
Recent fundraising history
- November 2025: Raised $300 million at a $32 billion post‑money valuation, led by Lightspeed, which also included an employee tender offer.
- July 2025: Secured a $500 million Series E‑2 round at a $22.5 billion valuation, led by Iconiq.
- Earlier 2025: Completed a $200 million Series E round at a $16 billion valuation, led by Founders Fund.
These rounds marked successive, sizable jumps in valuation throughout the year.
Revenue growth and AI strategy
In November, Ramp’s founder and CEO Eric Glyman announced that the company had reached $1 billion in revenue, effectively doubling its income in just one year. Glyman is also championing an AI‑first vision for Ramp’s spend‑management platform, featuring agents that:
- Automatically block out‑of‑policy purchases
- Detect fraudulent activity
- Move excess funds into interest‑bearing investments
The combination of rapid revenue growth and an AI‑driven product roadmap appears to be highly attractive to venture capitalists.