Fintech startup Ramp hits $60 billion valuation after $1.85 billion funding round
What's happening
Ramp closed a $1.85 billion funding round that values the spend-management and corporate card company at about $60 billion. Bloomberg reported the raise and multiple outlets say the round was led by Dragoneer Investment Group with co-leads including Thrive Capital and Founders Fund. The reported $60 billion valuation is described as roughly or pre-money in different writeups, and the raise follows other recent moves from Ramp such as building an in-house AI tool called Glass after a week in May when it spent $1.5 million on AI tokens.
Why it's trending
Massive capital inflow and the reveal of in-house AI work (Glass) have pushed Ramp into the spotlight and widened its lead over spend-management rivals.
SignalHolding at its usual pace, confirmed across 1 independent source type.
Story volume
Stories per dayAngles you could write
Putting a $60 billion price tag on an expense-management startup tells you where investor sentiment is headed, not where fundamentals are now, Ramp just raised $1.85 billion at that valuation, led by Dragoneer, Thrive and Founders Fund.
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Original sources11
- Ramp Raises $1.85 Billion, Boosting Valuation to $60 Billion
Corporate card and expense management platform Ramp closed a $1.85 billion funding round, boosting its valuation to $60 billion, an amount that exceeds many established fintech companies and is nearly double the company’s $32 billion valuation following its November 2025 funding round. Dragoneer Investment Group led the round, which was co-led by Thrive Capital, Founders Fund, Read more
FinovateOct 15 - Ramp hits $60bn valuation
Expense management firm Ramp has closed its second major raise in a matter of months, securing $1.85 billion in a primary financing round led by Dragoneer Investment Group that values the company at $60 billion.
FinextraOct 15 - Fintech startup Ramp hits $60 billion valuation after $1.85 billion funding roundKSL.comOct 15
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