Bloomberg reports Ramp in early talks on a new round at about a $60B valuation
- Raised
- $1.0B
- Valuation
- $60B
- Place in VP50
- #14
- Sources
- 3
What happened
Bloomberg reported on 8 September 2026 that Ramp was in early talks with investors for a new round of funding at a roughly $60 billion valuation, according to people familiar with the efforts. Investing.com's account of the report said one person described the company as looking to raise approximately $1 billion in primary funding. Dealroom, which relayed the story a day later, called the planned round a Series G. Ramp declined to comment, according to Dealroom.
The talks came three months after Ramp was valued at $44 billion in a $750 million round in June. Dealroom wrote that the talks were ongoing and that details could change, the people said. None of the sources named investors for the new round, a closing date or further terms, and the round was not confirmed by the company. Ramp was founded in 2019. Investing.com, citing Bloomberg data, said it passed $1.5 billion in annualized revenue by early June, and named Iconiq, Thrive Capital and Founders Fund among its backers.
Key points
- Bloomberg reported early talks on a new round at a roughly $60 billion valuation, citing people familiar.23
- About $1 billion in primary funding was being considered; Dealroom called it a Series G.12
- The previous valuation was $44 billion, in a $750 million round in June.12
- Talks were ongoing and details could change; Ramp declined to comment and no investors were named.12
Why it matters
The reported $60 billion compares with the $44 billion valuation set in the $750 million round three months earlier. Both figures are as reported, and the new one is not yet a priced round.
The talks are described as early and subject to change, with no named investors or closing date. Until a round closes, the figure is a reported target rather than a transaction price.
Investing.com, citing Bloomberg data, said annualized revenue passed $1.5 billion by early June. That is the operating scale alongside which the reported valuation was discussed.
In context
| Round | Date | Post-money valuation | Raised | Led by |
|---|---|---|---|---|
| Series B | Apr 8, 2021 | $1.6B | $115M | D1 Capital Partners and Stripe |
| Series C | Aug 24, 2021 | $3.9B | $300M | Founders Fund |
| Series C extension | Mar 21, 2022 | $8.1B | $200M | Founders Fund |
| Series D | Aug 21, 2023 | $5.8B | $300M | Sands Capital and Thrive Capital |
| Series D-2 | Apr 16, 2024 | $7.7B | $150M | Founders Fund and Khosla Ventures |
| Series E | Jun 17, 2025 | $16B | $200M | Founders Fund |
| Series E-2 | Jul 30, 2025 | $23B | $500M | ICONIQ |
| Funding round | Nov 17, 2025 | $32B | $300M | Lightspeed Venture Partners |
| Series F | Jun 4, 2026 | $44B | $750M | GIC, ICONIQ, and Ontario Teachers' Pension Plan |
Updated
Fact-check
- Bloomberg reported on 8 September 2026 that Ramp was in early talks with investors at a roughly $60 billion valuation.Confirmed by [2] Investing.com via Yahoo Finance, dated 8 September 2026, which reports per Bloomberg early-stage discussions with investors at roughly $60 billion. [1] Dealroom attributes the talks to people familiar with the efforts. The Bloomberg page [3] was blocked for the checker.Verified
- About $1 billion in primary funding was under consideration.Confirmed by [2] Investing.com via Yahoo Finance, which cites a person familiar as saying Ramp sought roughly $1 billion in primary funding. [1] Dealroom gives the same figure.Verified
- Dealroom described the planned round as a Series G.Confirmed by [1] Dealroom, which describes the talks as a Series G round of about $1 billion. [2] does not use the label.Verified
- Ramp was valued at $44 billion in a $750 million round in June.Confirmed by [1] Dealroom and [2] Investing.com via Yahoo Finance: both say the $44 billion valuation came with a $750 million round in June.Verified
- Ramp passed $1.5 billion in annualized revenue by early June.Confirmed by [2] Investing.com via Yahoo Finance, which attributes the figure to Bloomberg data. [1] Dealroom repeats it.Verified
- Ramp was founded in 2019 and its backers include Iconiq, Thrive Capital and Founders Fund.Confirmed by [2] Investing.com via Yahoo Finance and [1] Dealroom, which both give the 2019 founding and name the three investors.Verified
- Ramp declined to comment; the talks were ongoing and details could change.Confirmed by [1] Dealroom, which says Ramp declined to comment and that details could change, the people said.Verified
Sources
- [1]Dealroom (opens in a new tab)Ramp targets $1B raise at $60B valuation, up from $44B in June | Dealroom NewsThe talks are ongoing and details could change, the people said.
- [2]Investing.com via Yahoo Finance (opens in a new tab)Ramp eyes $60 Billion valuation in early talks for new capital round - report
- [3]Bloomberg (opens in a new tab)Ramp in Talks for New Funding at $60 Billion Valuation
