Lightspeed Leads $300 Million Round as Ramp Soars to $32 Billion Valuation
- ByStartupStory | November 18, 2025
Ramp, the fast-growing AI-powered financial operations platform, has raised $300 million in a primary financing round led by Lightspeed Venture Partners, pushing the company’s valuation to an astonishing $32 billion. This represents a 42% increase from its $22.5 billion valuation just three months prior, marking one of the fastest valuation surges in fintech history.
Since its founding in 2019, Ramp has quickly evolved beyond corporate cards to become an all-encompassing finance solution provider. Its platform integrates procurement, accounts payable automation, treasury, and travel management, empowered by cutting-edge AI that autonomously makes millions of spend decisions monthly across tens of billions in expenses.
Ramp has more than doubled its customer base in the past year to over 50,000 clients, including marquee names such as Shopify, CBRE, Anduril, Figma, and Notion. The company recently surpassed $1 billion in annualized revenue and produces strong free cash flow, highlighting its transition to a mature, scalable business.
The AI-driven automation provided by Ramp has delivered tangible customer benefits, including spending reductions of 5% on average, 12% faster growth for customers, and over $10 billion in labor hour savings globally. Ramp’s AI agents accelerate financial closes by up to eight times and significantly enhance out-of-policy spend detection.
The latest $300 million round was joined by nearly 30 institutional investors, including new participants like Alpha Wave Global, Bessemer Venture Partners, Robinhood Ventures, and Epicenter Capital, alongside continued backing from Founders Fund, D1 Capital Partners, Coatue, and others. This brings Ramp’s total equity raised to approximately $2.3 billion.
Industry analysts view Ramp’s explosive valuation growth and investor enthusiasm as emblematic of a fintech sector resurgence in 2025. Fintech global funding has climbed over 27% year-on-year, with growing interest in expense management platforms and AI-powered financial software.
CEO Eric Glyman stated, “Our goal is to make every customer more profitable. Companies partnering with Ramp spend less and scale faster, which is why the fastest-growing teams trust us. We’re excited to continue innovating with AI to redefine how finance teams operate.”
Ramp’s meteoric rise and AI-first approach position it as a dominant player poised to lead the next wave of financial technology innovation. Investor confidence and new capital will help Ramp accelerate product development, expand globally, and unlock new automation-driven efficiency for enterprise customers worldwide.
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