# Ramp raises $1.9B growth round led by Thrive Capital

> Ramp, based in United States, has raised $1.9B in a growth round led by Thrive Capital, Dragoneer Investment and Avenir, announced on 12 October 2026.

Source: https://millionrounds.com/news/rounds/ramp-growth-round-2026-10 (Millionrounds; every figure on the page links to its filing or article)

Raised **$1.9B** 8 sources reported it

Stage **Growth** 7 earlier rounds on record

Investors **25** 4 named as lead

Where **US** United States

Fintech

## How big is it?

Against every equity round we recorded in the twelve months to 12 October 2026. Ranks count companies, so the same raise reported twice is counted once.

**#24** equity round of the last twelve months

**#15** growth round of 256 in that time

**#17** round in United States, of 1,168

This round **$1.9B**

Median growth round **$123M**

15 times the median growth round of the last twelve months.

## Who invested

- [**Thrive Capital** 46 rounds in the last twelve months *Led*](https://millionrounds.com/fund/thrive-capital-2)
- [**Dragoneer Investment** 9 rounds in the last twelve months *Led*](https://millionrounds.com/fund/dragoneer-investment-group)
- [**Avenir** 8 rounds in the last twelve months *Led*](https://millionrounds.com/fund/avenir)
- [**Sands Capital Management** 8 rounds in the last twelve months *Led*](https://millionrounds.com/fund/sands-capital)

Also in the round

- [General Catalyst](https://millionrounds.com/fund/general-catalyst)
- [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners)
- [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures)
- [Founders Fund](https://millionrounds.com/fund/founders-fund)
- [8VC](https://millionrounds.com/fund/8vc)
- [Coatue](https://millionrounds.com/fund/coatue-management)
- [Fidelity](https://millionrounds.com/fund/fidelity)
- [FirstMark](https://millionrounds.com/fund/firstmark)
- [Greenoaks](https://millionrounds.com/fund/greenoaks)
- [GIC](https://millionrounds.com/fund/gic)
- [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price)
- [ICONIQ Capital](https://millionrounds.com/fund/iconiq-capital)
- [Alpha Wave Global](https://millionrounds.com/fund/alpha-wave-global)
- [D1 Capital Partners](https://millionrounds.com/fund/d1-capital-partners)
- [1789 Capital](https://millionrounds.com/fund/1789-capital)
- [Ontario Teachers' Pension Plan](https://millionrounds.com/fund/ontario-teachers-pension-plan)
- [Definition](https://millionrounds.com/fund/definition-capital)
- [NewView Capital](https://millionrounds.com/fund/newview-capital)
- [Generation Investment Management](https://millionrounds.com/fund/generation-investment-management)
- [D.E. Shaw](https://millionrounds.com/fund/d-e-shaw)
- [Capital International](https://millionrounds.com/fund/capital-international)

## Funding history

- October 2026 Growth **$1.9B**
- September 2026 Secondary **$3.5M**
- July 2026 Late stage **$750M**
- May 2026 Growth **$750M**
- August 2025 Growth **$500M**
- June 2025 Series E **$200M**
- July 2019 Pre-seed **$1.1M**
- March 2015 Venture **$458K**

$4.1B raised across the 8 rounds we hold.

## Reported by

- Firms' own news pages
- Fintech Global 12 October
- AlleyWatch 12 October
- Silicon Angle 15 October
- Leap Ventures 15 October
- TechStartups 15 October
- Tech Funding News 16 October
- AI Funding Tracker 30 October

The round's figures come from these reports; each link opens the original.

## Other big rounds that week

[**OMass Therapeutics** $310M Series C](https://millionrounds.com/news/rounds/omass-therapeutics-series-c-2026-10)[**Salience Labs** $125M Series B](https://millionrounds.com/news/rounds/salience-labs-series-b-2026-10)[M **Modal Labs Inc.** $750M Series D](https://millionrounds.com/news/rounds/modal-labs-inc-series-d-2026-10)[**Labelbox** $100M Series E](https://millionrounds.com/news/rounds/labelbox-series-e-2026-10)[**Skeleton Technologies** $100M Growth](https://millionrounds.com/news/rounds/skeleton-technologies-growth-round-2026-10)[S **Scanntech** $180M Series F](https://millionrounds.com/news/rounds/scanntech-series-f-2026-10)

[The company **Ramp on Millionrounds** *→*](https://millionrounds.com/company/ramp)[Weekly roundup **Week of 12 October** *→*](https://millionrounds.com/news/weekly/2026-10-12)[Monthly roundup **October 2026** *→*](https://millionrounds.com/news/monthly/2026-10)

**How this article is made**

We write one for every equity round of $100M or more that at least two sources reported. It is put together from our record of rounds, not rewritten from the reports: the ranks and medians count every equity round we read in the twelve months to the round's date. [How we read rounds](https://millionrounds.com/methodology) · [Report a mistake](https://millionrounds.com/corrections)
