Ramp Raises $1.85 Billion At $60 Billion Valuation As Annualized Revenue Exceeds $2 Billion
By Amit Chowdhry ● Oct 15, 2026
Ramp has raised $1.85 billion in primary financing at a $60 billion valuation, marking one of the largest private technology financings of the year as the financial operations company surpasses $2 billion in annualized revenue and reaches positive cash flow. Dragoneer Investment Group led the round, with Thrive Capital, Founders Fund, Sands Capital, and Avenir Growth as co-leads. Additional investors included Capital International, Fidelity Management & Research Company, T. Rowe Price, D1 Capital Partners, Greenoaks, ICONIQ, GIC, 8VC, 1789 Capital, Alpha Wave Global, Ontario Teachers' Pension Plan, Coatue, D.E. Shaw, Definition Capital, FirstMark, General Catalyst, Generation Investment Management, Glade Brook Capital Partners, Khosla Ventures, Lightspeed Venture Partners, Pinegrove Opportunity Partners, Soma Capital, and Stripes.