Ramp has raised $750 million in a Series F led by ICONIQ, GIC, and Ontario Teachers’ Pension Plan at a $44 billion valuation — nearly tripling its $16 billion valuation from just 12 months ago.
The company’s annualised revenue run rate has surpassed $1.5 billion, up from $1 billion in September 2025, with over 70,000 customers and $200 billion in annual purchase volume.
Total purchase volume grew 170% year-over-year in March 2026 — Ramp’s highest growth rate in three years — despite the business being roughly 20 times larger than when it last grew this fast.
Eric Glyman and Karim Atiyeh met in a computer science class at Harvard. They went on to build Paribus — a price-tracking app acquired by Capital One in 2016 — then left to found Ramp in 2019 with their longtime friend and Paribus engineer Gene Lee. The idea was simple: what if your corporate card actively helped you spend less? Seven years later, that idea is worth $44 billion.
New York-based Ramp has raised $750 million in a Series F led by ICONIQ, GIC, and Ontario Teachers’ Pension Plan. New investors joining include Goldman Sachs Alternatives, D.E. Shaw & Co., Morgan Stanley Investment Management, Generation Investment Management, Insight Partners, and BroadLight Capital. GIC is investing for the eighth time in the business. Returning investors include Founders Fund, Lightspeed, D1 Capital Partners, T. Rowe Price, General Catalyst, 137 Ventures, Thrive Capital, Coatue, Khosla Ventures, and others. Total equity financing now exceeds $3 billion.
