Ramp raises $750M at $44B valuation

Ramp raised $750 million in a Series F at a $44 billion valuation led by ICONIQ GIC and Ontario Teachers' Pension Plan. The funding round includes new investors Goldman Sachs Alternatives D.E. Shaw Morgan Stanley Investment Management Generation Investment Management Insight Partners and BroadLight Capital. Ramp reports annualized revenue over $1 billion and positive free cash flow with 70000 customers including Visa Uber Shopify Anduril and Figma. The company has grown from a $7.