VC3 min read
Ramp in Advanced Talks to Raise $750 Million at $40 Billion Valuation
Tags Enterprise · AI
Today's Startup News·
Ramp, the corporate spend management platform that crossed $1 billion in annualized revenue last year, is in advanced talks to raise $750 million at a pre-money valuation exceeding $40 billion, The Wall Street Journal reported. The round would be co-led by GIC and Iconiq Capital, both returning investors, and would bring Ramp's total equity raised to approximately $3 billion.
Technical significance
A $40B valuation for a corporate spend management platform reflects the market's bet that AI-native financial infrastructure will capture an outsized share of enterprise spend. Ramp's growth trajectory suggests investors see it as a platform that could expand into broader enterprise financial operations.