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# US Fintech Ramp Closes $300 Million Round at $32 Billion Valuation After Surpassing $1 Billion in Annual Revenue
- URL: https://www.theglobalbanker.com/ramp-closes-300-million-series-e3-32-billion-valuation-1-billion-annual-revenue/
- Published: 2025-11-17T17:56:00.000Z
- Updated: 2026-10-02T14:33:09.000Z
- Description: Ramp raised $300m in a primary financing round led by Lightspeed Venture Partners at a $32bn valuation, after surpassing $1bn in annualised revenue and managing $100bn in annual purchase volume.
- Author: TGB Editorial Team
- Tags: Fintech, Americas, #archive

Ramp, the United States corporate spend management platform, announced a $300 million primary financing round on 17 November 2025, led by Lightspeed Venture Partners, at a valuation of $32 billion. 

The company surpassed $1 billion in annualised revenue by early September 2025\. The platform manages $100 billion in annual purchase volume for more than 50,000 customers.

#### VALUATION UP MORE THAN 40% SINCE JULY

The $32 billion valuation established by the new round represents a rise of more than 40% from the $22.5 billion valuation set in July 2025\.