Enterprise Spend Management Platform Ramp Completes $750 million Series F Funding Round, Valued at $44 billion

On June 4, Ramp, an enterprise spending management platform, announced it has closed a $750 million Series F funding round that values the company at $44 billion. The round was led by ICONIQ, GIC, and the Ontario Teachers’ Pension Plan, with participation from new backers including Goldman Sachs Alternatives, D.E. Shaw & Co., Morgan Stanley Investment Management, Generation Investment Management, Insight Partners, and BroadLight Capital. Ramp noted that this capital will be used to expand investments in client-facing AI capabilities. Through March 2026, the company reported Total Payment Volume (TPV) jumped roughly 170% year over year—its fastest growth rate in three years. In recent months, Ramp rolled out over 70 new products and core features, closed two acquisitions of Billhop and Juno, and plans to start serving businesses across the UK and Europe this summer. Ramp has also deepened its long-standing partnership with Visa to power AI agents that execute autonomous corporate payments under real-time controls.