Zip of $ 43 Million in Series B rises to $ 1.2 Billion Appreciation


Zipan intake-to-procure solution provider based in San Francisco, CA, has raised $ 43m in Series B funding.

The round, which brings total funding to $ 81m and valuation to $ 1.2 billion, was led by YC Continuity with participation from Tiger Global and CRV.

The company aims to use the funds to accelerate talent adoption and acquisition, with plans to double the number of employees by the end of 2022.

Founded in 2020 by Rujul Zaparde and Lu Cheng, Zip provides an enterprise-grade platform that allows employees to purchase business with a consumer-style experience. The platform provides pre-built and configurable no-code workflows for any non-technical employee, pre-built connectors to key business systems including ERPs such as NetSuite, Workday and others, contract management software such as Ironclad and DocuSign, IT ticketing software such as Jira and ServiceNow; and communication software such as Slack and Microsoft Teams.

Zip has more than 100 customers, including industry leaders such as Canva, Snowflake, Roblox, Coinbase, Airtable, Toast, Webflow and Databricks. The company has more than 130 employees – including top engineers from Silicon Valley tech innovators such as Airbnb, Meta, Google and Square.



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