Corporate expense management platform Ramp on Thursday said it has raised $750 million at a valuation of $44 billion, nearly tripling its valuation within just a year as investors scramble to grab a part of the fast-growing startup.
The funding round was led by ICONIQ, GIC, and Ontario Teachers’ Pension Plan, and saw investments from a slate of new backers such as Goldman Sachs Alternatives, D.E. Shaw & Co., Morgan Stanley Investment Management, Generation Investment Management, Insight Partners, and BroadLight Capital. Several of the company’s previous investors also participated.
