Nearly tripled valuation within a year (Jun 2025 $16B to Jun 2026 $44B). TPV grew ~170% YoY as of Mar 2026. Talks for a ~$60B round were reported Sep 2026 but had not closed as of this writing.
| Round | Date | Valuation | Lead |
|---|---|---|---|
| Secondary | 2025-03-01 | $13.0B | No single lead disclosed -- multi-investor secondary purchase (Thrive Capital, Khosla Ventures, General Catalyst, Stripes, GIC, Avenir Growth, Lux Capital, 137 Ventures, Definition Capital named as buyers) |
| Series E | 2025-06-14 | $16.0B+23% | Founders Fund |
| Series E-2 | 2025-07-30 | $22.5B+41% | ICONIQ Growth |
| Series E-3 | 2025-11-17 | $32.0B+42% | Lightspeed Venture Partners |
| Series F | 2026-06-04 | $44.0B+38% | Co-led by ICONIQ, GIC, and Ontario Teachers' Pension Plan |
| Status | S-1 Not Filed |
|---|---|
| Timing | 'IPO ready' by end of 2026 (readiness target, not a listing date) |
| Notes | CEO Eric Glyman says Ramp plans to go public rather than be acquired; the company is reportedly building public-company-grade financial/compliance infrastructure ahead of a potential listing. |
| Source | Benzinga, May 2026 (via secondary summaries); Curved Trading, Jul 2026 |
These are cited news signals only, not a PrePost prediction — year/valuation forecasting is on the roadmap but not live yet.
Transparent, formula-based composite (not machine-learned) of five signals: raise velocity, round acceleration, secondary premium/discount vs. the last primary round, up-round streak, and freshness of the last known mark.