Ramp completes $1.85 billion financing at a $60 billion valuation

On October 19, 2026, expense management platform Ramp announced the completion of $1.85 billion in financing, reaching a valuation of $60 billion. This round was led by Dragoneer Investment Group, with Thrive Capital, Founders Fund, Sands Capital and Avenir Growth co-leading. Follow-up reports the same day confirmed the above financing amount, valuation and lead investor information, and said Ramp will step up AI. On October 21, 2026, TravelDaily China reported that U.S. expense management platform Ramp obtained $1.85 billion in financing, reaching a valuation of $60 billion, consistent with the amount and valuation in earlier reports. There is currently no further disclosure regarding the specific use of funds or subsequent arrangements.