Ramp

Ramp announced $1.85B in Primary Financing financing on October 15, 2026. Ramp raised a $1.85 billion primary financing round led by Dragoneer Investment Group at a $60 billion valuation, and said annualized revenue topped $2 billion.

Round details

The financing includes backing from Dragoneer Investment Group, Thrive Capital, Founders Fund, Sands Capital, Avenir Growth, Capital International, Fidelity Management and Research Company, T. Rowe Price. The company reported a $60B valuation alongside the transaction.

• Round: Primary Financing
• Capital announced: $1.85B
• Total funding reported: Approximately $5B

How the company plans to use the capital

The announcement did not state how the proceeds will be used. In the release, co-founder and co-CEO Eric Glyman said the company wants to help every business run better with AI.

Why this matters for GTM teams

Ramp reported more than $2 billion in annualized revenue, which it said includes interchange, subscription, interest and other revenue and excludes incentives to customers. It also said its revenue is growing 25% faster than at the same time last year.

Fresh capital is often an operational signal rather than a buying signal by itself. Teams should validate the company’s hiring pattern, product launches, geographic expansion, and technology priorities before choosing the message and timing of outreach.

Source and methodology

This report is based on the company’s announcement and records the disclosed amount, round, investors, location, and stated use of funds. SalesTools Research does not estimate undisclosed valuation or revenue figures.

Primary source: Ramp Primary Financing announcement.