About Ramp
Ramp is a New York-based financial operations platform that provides corporate cards, expense management, accounts payable automation, procurement, travel management, and treasury services to businesses of all sizes. Founded in 2019 by Eric Glyman, Karim Atiyeh, and Gene Lee — the founders of Paribus, a price-tracking app acquired by Capital One — Ramp has grown into one of the most valuable private fintech companies in the world.
On June 4, 2026, Ramp announced a $750 million Series F financing round led by ICONIQ, GIC, and Ontario Teachers' Pension Plan, valuing the company at $44 billion. The round brings Ramp's total equity financing to more than $3 billion and follows a remarkable valuation trajectory — from $13 billion in early 2025 to $44 billion in roughly 18 months. The company has surpassed $1 billion in annualized revenue (with run-rate revenue reported above $1.5 billion) and reached positive free cash flow, serving more than 70,000 customers including Visa, Uber, Shopify, Anduril, and Figma.
Ramp is positioning itself as AI-first financial infrastructure — including tools for managing AI token spend, which has become a fast-growing corporate cost category. The company has told investors it intends to be IPO-ready by the end of 2026, though no IPO date or underwriter has been formally announced. Purchase volume grew approximately 170% year over year in March 2026 — its fastest growth rate in three years.
Funding History
| Round | Date | Amount Raised | Post-Money Valuation | Notable Investors |
|---|---|---|---|---|
| Series F | Jun 2026 | $750M | ~$44B | ICONIQ, GIC, Ontario Teachers' Pension Plan, Goldman Sachs Alternatives, D.E. Shaw, Morgan Stanley IM, Insight Partners |
| Series E-III | Nov 2025 | $300M | ~$32B | Lightspeed Venture Partners, Founders Fund, D1 Capital Partners |
| Series E-II | Jul 2025 | $500M | ~$22.5B | ICONIQ (lead), GIC, Stripes, Coatue |
| Series E | Jun 2025 | $200M | ~$16B | Founders Fund (lead), Thrive Capital, General Catalyst |
| Series D-II | Apr 2024 | $150M | ~$7.65B | Khosla Ventures, Thrive Capital, General Catalyst |
| Series D | Aug 2023 | $300M | ~$5.8B | Thrive Capital, Sands Capital, General Catalyst, Founders Fund |
| Series C-II | Mar 2022 | $200M | ~$8.1B | D1 Capital Partners, Avenir Growth, 137 Ventures |
| Series C | Aug 2021 | $300M | ~$3.9B | Thrive Capital, Lux Capital, D1 Capital Partners |
| Series B | Mar 2021 | $115M | ~$1.6B | Thrive Capital, D1 Capital, Founders Fund |
| Series A | 2020 | $25M | ~$200M | Coatue, D1 Capital Partners |
| Seed | Jun 2019 | $8M | — | Coatue, BoxGroup, others |
Figures sourced from public disclosures and press releases. Approximate. For informational purposes only. Not an offer or solicitation.
Company Details
Ramp Stock FAQs
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