US Fintech Ramp Closes $300 Million Round at $32 Billion Valuation After Surpassing $1 Billion in Annual Revenue

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.