Continued in negotiations to sell for $40B+, 6 months after reaching $32B

Investors couldn’t get enough of the Ramp in 2025 and it looks like 2026 could be another year of investment in the business environment. The company is in talks to raise $750 million at a valuation of more than $40 billion, sources said. report The Wall Street Journal. The agreement is not yet final, so the terms are subject to change.

Ramp declined to comment.

In November, Ramp announced raised $300 million for a $32 billion valuation led by Lightspeed, which also included the opportunity to work. The company announced in July a $500 million Series E-2 at a cost of $22.5 billion led by Iconiq, which was a few weeks after a $200 million Series E at a cost of $16 billion led by Founders Fund. It has also raised several times in the early 2025, each time another big reading is raised.

Ramp has also been successful in making money. In November, Ramp CEO Eric Glyman said his company reached $1 billion in revenue, doubling its revenue in just one year. Glyman has also been promoting the vision of AI integrated into all of Ramp’s investment products, with assistants that prevent unplanned purchases, detect fraud, and move money to interest-bearing assets.

This combination of growth including AI, obviously, cannot be stopped by VCs.