Funding round
Ramp Growth
Reported as "Growth Equity"
Ramp, which works in corporate financial platform solutions in New York, raised $750M in a Growth round announced on 4 Jun 2026, led by GIC, Iconiq Capital and Ontario Teachers’ Pension Plan, at a $44.00B post-money valuation. 27 firms took part, 2 of them already investors. It is Ramp's tenth venture round on record; the one before was a Growth in Nov 2025.
$750M
Amount raised
$44.00B
Post-money valuation
$43.25B pre-money
27
Investors
3 leads
1.4x
Step-up from the Growth
$32.00B in Nov 2025
1.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Ramp at $44.00B after the new money, 1.4 times the $32.00B of its Growth (Nov 2025). The $750M bought investors about 1.7% of the company. It came 7 months after Ramp's Growth. It is 19% of the $4.01B Ramp has raised in the venture rounds on record. Ramp raised again 4 months later: a Growth round of $1.85B in Oct 2026, at $60.00B post-money.
Ramp's funding rounds
Ramp has 11 venture rounds on record and 3 other deals. This one is highlighted.
- Seed 28 Jun 2019 $8.0M
- Series A 15 Jan 2020 $16M
- Growth 12 Feb 2020 $25M
- Debt not a venture round 10 Feb 2021, led by Goldman Sachs $150M
- Series B 8 Apr 2021, led by D1 Capital Partners and Stripes $115M$1.60B post-money
- Series C 24 Aug 2021, led by Founders Fund $300M$3.90B post-money
- Debt not a venture round 21 Mar 2022 $550M
- Debt not a venture round 23 Mar 2022, led by Founders Fund $750M$8.10B post-money
- Series D 21 Aug 2023 $300M$5.80B post-money
- Growth 17 Apr 2024, led by Khosla Ventures and Founders Fund $150M$13.00B post-money
- Series E 17 Jun 2025, led by Founders Fund $200M$16.00B post-money
- Growth 17 Nov 2025, led by Lightspeed Venture Partners $300M$32.00B post-money
- Growth this round 4 Jun 2026, led by GIC, Iconiq Capital and Ontario Teachers’ Pension Plan $750M$44.00B post-money
- Growth 15 Oct 2026, led by Dragoneer Investment Group, Thrive Capital and Founders Fund $1.85B$60.00B post-money
Investors
Who put money in
GIC, Iconiq Capital and Ontario Teachers’ Pension Plan led the round with 24 other firms. GIC and Iconiq Capital had backed Ramp before.
Lead investors
- GIC backs 98 venture-backed companies existing investor
- Iconiq Capital existing investor
- Ontario Teachers’ Pension Plan backs 35 venture-backed companies new investor
Also in the round
- Goldman Sachs Alternatives new investor
- backs 20 venture-backed companies new investor
- Morgan Stanley backs 120 venture-backed companies new investor
- Generation Investment Management new investor
- Insight Partners backs 548 venture-backed companies new investor
- backs 5 venture-backed companies new investor
- Founders Fund backs 368 venture-backed companies new investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- D1 Capital Partners new investor
- T. Rowe Price new investor
- General Catalyst backs 574 venture-backed companies new investor
- Alpha Wave Global backs 78 venture-backed companies new investor
- 137 Ventures backs 25 venture-backed companies new investor
- Thrive Capital backs 130 venture-backed companies new investor
- Coatue backs 229 venture-backed companies new investor
- Sands Capital backs 71 venture-backed companies new investor
- Khosla Ventures backs 396 venture-backed companies new investor
- 1789 Capital new investor
- backs 42 venture-backed companies new investor
- BoxGroup backs 175 venture-backed companies new investor
- 8VC new investor
- Pinegrove Venture Partners new investor
- Definition Capital new investor
- Stripes backs 101 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
288 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 13 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| DeepSeek Tech Companies | 3 Jun 2026 | $7.40B | $50.00B | Tencent and CATL |
| Kpler Tech Companies | 3 Jun 2026 | $1.00B | not disclosed | Sixth Street |
| Origin Quantum Tech Companies | 25 Jun 2026 | $440M | $3.50B | China North Industries Group |
| Generalist Tech Companies | 4 Jun 2026 | $400M | $2.00B | Radical Ventures |
| AlphaSense Tech Companies | 3 Jun 2026 | $350M | $7.50B | Vitruvian Partners and Accenture Ventures |
| Tech Companies | 18 Jun 2026 | $260M | $3.00B | Bicycle.capital and Group 11 |
| Coralogix Tech Companies | 3 Jun 2026 | $200M | $1.60B | not named |
| Tech Companies | 26 Jun 2026 | $200M | not disclosed | Summit Partners |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Ramp raise in its Growth round?
Ramp raised $750M in its Growth round, announced in Jun 2026.
Who led Ramp's Growth round?
GIC, Iconiq Capital and Ontario Teachers’ Pension Plan led it, with Goldman Sachs Alternatives, D. E. Shaw Group, Morgan Stanley, Generation Investment Management and Insight Partners and 19 more.
What was Ramp's valuation at the Growth round?
$44.00B post-money ($43.25B pre-money).
How does it compare with other Growth rounds in Tech Companies?
288 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 13 times the median.
Did Ramp raise again after this round?
Yes: a Growth round in Oct 2026 of $1.85B at $60.00B post-money.