Ramp Hits $60B Valuation in $1.85B Round Led by Dragoneer, Thrive
TL;DR
- Ramp closed about $1.85 billion led by Dragoneer and Thrive Capital at a $60 billion pre-money valuation, Bloomberg's Rebecca Torrence reported.
- The valuation is up from $44 billion in June, when the corporate-spend fintech raised $750 million in its prior round.
- Founders Fund also wrote a large check into the new round, which closed roughly four months after the previous raise.
Corporate-spend fintech Ramp has closed about $1.85 billion in a new round led by Dragoneer and Thrive Capital at a $60 billion pre-money valuation, Bloomberg reported on October 9. Founders Fund also wrote a large check.
That is up from $44 billion in June, when Ramp raised $750 million. "Ramp raised about $1.85B led by Dragoneer and Thrive Capital at a $60B pre-money valuation, up from $44B in June, when it raised $750M," Bloomberg's Rebecca Torrence wrote.
The 2026 pitch has been AI inside finance workflows. In August Ramp rolled out Router.com, which PYMNTS describes as "reducing AI costs by ~30% internally; early customers seeing ~40% cost reductions." In June it shipped Ramp Stack, an AI system aimed at accounting firms. Total payment volume grew 170% year-over-year as of March; total equity raised now exceeds $3 billion.
The deal lands in a crowded run of enterprise-AI financings; our tracker counts 433 funding stories in the last 90 days.
Originally reported by bloomberg.com
Read the original article →Original headline: Ramp Raises $1.85B Led by Dragoneer and Thrive at $60B Pre-Money, Up From $44B in June