Ramp in talks to hit $40B+ valuation, 6 months after reaching $32B

Investors could not get enough of Ramp throughout 2025 and it looks like 2026 could be another banner year of fundraising for the corporate spend management startup. The company is in talks to raise another $750 million at a pre-money valuation of more than $40 billion, sources tell The Wall Street Journal. The deal is not yet final though, so terms could change.

Ramp declined to comment.