Ramp raises $1.85B at $60B valuation, seven years after founding

thedealdirector · x · 2026-10-15

Spend-management company Ramp has raised $1.85 billion at a $60 billion valuation. Co-founder eglyman recalled that seven years ago he and Karim wrote their mission on a Post-it — "Save companies time and money" — and that the mission hasn't changed, just gotten bigger.

Announcing the round with "Ramping up (harder)", he attached a screenshot of a 5-star Glassdoor review from a current US Account Executive praising low AE turnover, a huge TAM, and a steady stream of new products to sell.

Related event: Ramp Raises $1.85B at $60B Valuation as ARR Hits $2B(3 posts)→

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