Ramp is seeking $750 million in company funding at a valuation of more than $40 billion, according to a report on Thursday, May 7. The financing has not yet closed, putting the startup’s next pricing move squarely in front of investors watching how far its valuation can extend.
Ramp’s 2025 valuation climb
$32 billion was Ramp’s last primary financing valuation in November, when it raised $300 million in a round that also included an employee tender offer. That followed a March 2025 secondary sale that valued the company at $13 billion, then a June round at $16 billion and a July Series E-2 round at $22.5 billion.
$750 million would lift Ramp into a new bracket if the company secures the funding at the reported terms. The gap between the November valuation and the current target shows how quickly demand has moved across 2025, with each new round resetting the company’s price higher for investors and employees tied to that equity.
Ramp’s product push
April 29 brought another layer to the story: Ramp said it enhanced its procurement platform by adding a fleet of artificial intelligence agents. The company said those agents can triage employee requests, source vendors, review contract terms and handle compliance checks, while the platform uses anonymized pricing benchmarks and vendor data from millions of Ramp transactions.
More than 50,000 customers were using Ramp as of Nov. 1, and the company said it was enabling more than $100 billion in annualized purchase volume. That scale helps explain why the financing effort is attracting attention, especially after Ramp also teamed up with Visa to automate corporate bill pay and bought Juno and Billhop to widen its travel and payments tools.
Eric Glyman on profitability
“Our goal is to make every customer more profitable,” Eric Glyman said in a November press release. He added: “On average, companies that switch to Ramp spend 5% less and grow 12% faster — results that outpace nearly every benchmark.”
Ramp declined to comment when reached by PYMNTS. For investors, the immediate question is whether the company can close the reported financing at more than $40 billion and hold the valuation leap after a year of repeated increases.
