Key facts
- Ramp raised $750 million in a new funding round.
- The company achieved a $44 billion valuation.
- The funding round was led by ICONIQ, GIC, and the Ontario Teachers' Pension Plan.
- Ramp's valuation increased nearly six-fold from two years prior.
Ramp, a company specializing in corporate spending management, has successfully closed a new funding round, raising $750 million. This funding round values the company at $44 billion, a nearly six-fold increase from its valuation of $7.65 billion two years ago. The significant valuation underscores strong investor confidence, particularly in the potential of artificial intelligence to enhance business bookkeeping processes and manage token spending. The round was led by ICONIQ, GIC, and the Ontario Teachers' Pension Plan.