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Ramp seeks $750M at $40B+ valuation

5/9/2026

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Summary

Story summary

Ramp is in talks to raise $750 million at a pre-money valuation above $40 billion.
The discussion follows a November 2025 round that valued the company at $32 billion, a 25 % increase in six months.
Iconiq Capital and GIC are reported to lead the new investment, though terms remain unsettled.
Analysts say the $750 million raise would give Ramp firepower to expand product development and market reach as demand for corporate finance automation grows.

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Story summary

Ramp is in talks to raise $750 million at a pre-money valuation above $40 billion.
The discussion follows a November 2025 round that valued the company at $32 billion, a 25 % increase in six months.
Iconiq Capital and GIC are reported to lead the new investment, though terms remain unsettled.
Analysts say the $750 million raise would give Ramp firepower to expand product development and market reach as demand for corporate finance automation grows.