Ramp just closed a $750 million Series F round that values the company at $44 billion. To put that in perspective, that’s roughly the market cap of some S&P 500 companies, and Ramp is still private.
The round, announced on June 4, 2026, was led by ICONIQ, GIC, and the Ontario Teachers’ Pension Plan. Goldman Sachs Alternatives, D.E. Shaw & Co., and Morgan Stanley Investment Management also joined as new investors. Total equity raised by the company now exceeds $3 billion.
From corporate cards to a $44B financial operations platform
Here’s the thing about Ramp’s trajectory: in November 2025, the company was valued at $32 billion. Six months later, it tacked on another $12 billion. Go back a little further, to early 2025, and the valuation sat between $13 billion and $16 billion. That means Ramp’s worth has roughly tripled in about 18 months.
CEO Eric Glyman has framed the company’s evolution as a transformation from a simple corporate card provider into a comprehensive financial operations platform. The numbers back that up. Ramp now generates annualized revenues exceeding $1 billion. The platform currently supports over 50,000 teams. Its services span corporate cards, expense management, procurement, accounting tools, and, increasingly, AI-native features designed to automate financial workflows.
