Funding round
Ramp Growth
Reported as "Growth Equity"
Ramp, which works in corporate financial platform solutions in New York, raised $1.85B in a Growth round announced on 15 Oct 2026, led by Dragoneer Investment Group, Thrive Capital, Founders Fund, Sands Capital and Avenir, at a $60.00B post-money valuation. 28 firms took part. It is Ramp's 11th venture round on record; the one before was a Growth in Jun 2026.
$1.85B
Amount raised
$60.00B
Post-money valuation
$58.15B pre-money
28
Investors
5 leads
1.4x
Step-up from the Growth
$44.00B in Jun 2026
3.1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Ramp at $60.00B after the new money, 1.4 times the $44.00B of its Growth (Jun 2026). The $1.85B bought investors about 3.1% of the company. It came 4 months after Ramp's Growth. It is 46% of the $4.01B Ramp has raised in the venture rounds on record. No later venture round is on record for Ramp.
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 4 Jun 2026, led by GIC, Iconiq Capital and Ontario Teachers’ Pension Plan $750M$44.00B post-money
- Growth this round 15 Oct 2026, led by Dragoneer Investment Group, Thrive Capital and Founders Fund $1.85B$60.00B post-money
Investors
Who put money in
Dragoneer Investment Group, Thrive Capital, Founders Fund, Sands Capital and Avenir led the round with 23 other firms.
Lead investors
- Dragoneer Investment Group backs 82 venture-backed companies new investor
- Thrive Capital backs 130 venture-backed companies new investor
- Founders Fund backs 368 venture-backed companies new investor
- Sands Capital backs 71 venture-backed companies new investor
- backs 42 venture-backed companies new investor
Also in the round
- Capital International new investor
- Fidelity Management & Research Company new investor
- T. Rowe Price new investor
- D1 Capital Partners new investor
- Greenoaks backs 77 venture-backed companies new investor
- ICONIQ new investor
- GIC backs 98 venture-backed companies new investor
- 8VC new investor
- 1789 Capital new investor
- Alpha Wave Global backs 78 venture-backed companies new investor
- Ontario Teachers’ Pension Plan backs 35 venture-backed companies new investor
- Coatue backs 229 venture-backed companies new investor
- backs 20 venture-backed companies new investor
- Definition Capital new investor
- FirstMark backs 128 venture-backed companies new investor
- General Catalyst backs 574 venture-backed companies new investor
- Generation Investment Management new investor
- Glade Brook backs 30 venture-backed companies new investor
- Khosla Ventures backs 396 venture-backed companies new investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- Pinegrove Opportunity Partners new investor
- Soma Capital backs 206 venture-backed companies new investor
- Stripes backs 101 venture-backed companies new investor
Comparable rounds
How it compares
208 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 31 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 20 Oct 2026 | $320M | not disclosed | not named |
| Tech Companies | 14 Oct 2026 | $50M | not disclosed | not named |
| Tech Companies | 22 Oct 2026 | $40M | not disclosed | Summit Partners |
| Tech Companies | 6 Oct 2026 | $39M | not disclosed | not named |
| Tech Companies | 6 Oct 2026 | $34M | not disclosed | not named |
| Tech Companies | 5 Oct 2026 | $31M | not disclosed | Premji Invest and Wing Venture Capital |
| Tech Companies | 19 Oct 2026 | $30M | not disclosed | not named |
| Tech Companies | 14 Oct 2026 | $21M | not disclosed | Volition Capital |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Ramp raise in its Growth round?
Ramp raised $1.85B in its Growth round, announced in Oct 2026.
Who led Ramp's Growth round?
Dragoneer Investment Group, Thrive Capital, Founders Fund, Sands Capital and Avenir led it, with Capital International, Fidelity Management & Research Company, T. Rowe Price, D1 Capital Partners and Greenoaks and 18 more.
What was Ramp's valuation at the Growth round?
$60.00B post-money ($58.15B pre-money).
How does it compare with other Growth rounds in Tech Companies?
208 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 31 times the median.