How Much Did Zip Raise? Headquarters, Funding & Key Investors

Zip, founded in 2020 and based in San Francisco, California, has raised $333 million across multiple funding rounds, reaching a $2.2 billion valuation as of October 2024. Its most recent $190 million Series D round in October 2024 was led by Bond Capital, Y Combinator, and DST Global Partners, following a $100 million Series C in May 2023 and a $43 million Series B in May 2022. Zip provides a cloud-based purchase approval and spend management platform, helping businesses streamline procurement, ensure compliance, and optimize vendor management globally.

How Much Did Zip Raise? Funding & Key Investors

Zip has raised $333 million across multiple funding rounds, backed by leading investors such as Bond Capital, Y Combinator, and DST Global Partners. The platform provides cloud-based purchase approval management software that helps businesses track spending, manage vendor relationships, and ensure compliance efficiently.

What Is Zip and What Does It Do?

Zip, founded in 2020 by Rujul Zaparde and Lu Cheng, is headquartered in San Francisco, California. The company offers a cloud-based platform for purchase approval management, analytics, and spending pattern tracking.

Zip enables businesses to optimize procurement processes, monitor vendor performance, and enforce compliance policies, all while improving visibility into organizational spending. With a workforce of 218, Zip supports clients across the finance, accounting, and supply chain management sectors.

How Much Funding Has Zip Raised?

1. Series B

Amount Raised: $43M
Date: May 2022
Lead Investors: Y Combinator, Tiger Global Management, CRV
Motivation: To scale the platform and expand its market reach.

2. Series C

Amount Raised: $100M
Date: May 15, 2023
Lead Investors: Y Combinator, CRV, Tiger Global Management
Motivation: To enhance platform features, grow customer base, and accelerate adoption.

3. Series D

Amount Raised: $190M
Date: October 2024
Lead Investors: Bond Capital, Y Combinator, DST Global Partners, CRV, Alkeon Capital Management, Adams Street Partners
Motivation: To scale operations, expand global presence, and invest in advanced analytics capabilities.

Total Funding Raised: $333 Million

Current Valuation: $2.2 Billion (as of October 2024)

Latest Funding Date: October 2024

Key Investors

1. Bond Capital

Details: Venture capital firm that invests across technology and financial services sectors.
Investment Focus Areas: Early to growth-stage companies
Notable Investments: Zip

2. Y Combinator

Details: Startup accelerator that provides funding, mentorship, and resources to early-stage companies.
Investment Focus Areas: Technology, SaaS, fintech
Notable Investments: Stripe, Airbnb, Dropbox

3. DST Global Partners

Details: Global investment firm focusing on high-growth technology companies.
Investment Focus Areas: Internet, technology, fintech
Notable Investments: Zip, Facebook, Alibaba

4. CRV

Details: Early-stage venture capital firm providing funding and guidance to innovative startups.
Investment Focus Areas: Technology, SaaS
Notable Investments: Zip, Twitter, DoorDash

Where Is Zip’s Headquarters?

Zip is headquartered in San Francisco, California, providing access to a vibrant startup ecosystem, top-tier talent, and key financial and tech industry connections.

What’s Next for Zip?

Zip plans to expand its platform capabilities, enhance analytics features, and grow its global customer base. With a $2.2B valuation and backing from top-tier investors, the company is well-positioned to scale operations and continue innovating in procurement, spend management, and vendor compliance solutions.

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