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Ramp, the New York-based corporate spend management company, is now worth $44 billion. That’s nearly three times its roughly $16 billion valuation from about a year ago.
The company closed a $750 million Series F round, with ICONIQ, GIC, and Ontario Teachers’ Pension Plan leading the charge. Goldman Sachs Alternatives and D.E. Shaw also joined as new investors.
The numbers behind the hype
Ramp’s total payment volume surged approximately 170% year-over-year as of March 2026. That’s the company’s fastest growth pace in three years.
The platform now serves over 70,000 businesses, offering corporate cards, expense management, bill payments, and AI-powered procurement and spend intelligence tools.
The $44 billion figure represents a 38% jump over Ramp’s previous valuation, which had already climbed to $32 billion in November 2025. So within roughly seven months, the company tacked on another $12 billion in perceived value.
Why AI is the accelerant
CEO and co-founder Eric Glyman has emphasized how AI is reshaping spending patterns across the corporate ecosystem, and Ramp is positioning itself as the financial control layer for that transformation.
The competitive landscape
Ramp’s total capital raised across all funding rounds has now exceeded $1.2 billion, giving it substantial runway to continue expanding its product suite and customer base.
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