Ramp, a corporate spend management startup, is in talks to raise $750 million at a pre-money valuation of over $40 billion, according to sources. The deal is not yet finalized and terms could change. This potential fundraising comes after Ramp announced a $300 million raise in November at a $32 billion post-money valuation led by Lightspeed. In 2025, the company had multiple rounds of funding, each with significant valuation increases: $500 million Series E-2 at $22.5 billion, $200 million Series E at $16 billion, and earlier raises at lower valuations. Ramp has also achieved revenue growth, reaching $1 billion in November after doubling its income in a year. Founder CEO Eric Glyman is advocating for AI integration into the company's spend management products to automate tasks and detect issues.
