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Zip Secures $43 Million Series B At A $1.2 Billion Valuation To Solve The Procurement Experience And Workflow Challenge Every Company Faces

Zip Secures $43 Million Series B At A $1.2 Billion Valuation To Solve The Procurement Experience And Workflow Challenge Every Company Faces

05/25/22, 1:16 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgchicago
Money raised
$43 million
Industry
lending
angel investment
venture capital
finance
financial services
Round Type
series b
Zip, the world’s leading intake-to-procure solution, today announced its $43 million Series B funding round led by YC Continuity with participation from Tiger Global and CRV. This brings Zip’s total funding to $81 million and the company’s valuation to $1.2 billion in just 18 months since its founding, with its $25 million Series A and multiple seed-round investments in that time frame. Zip’s enterprise-grade platform enables employees to make business purchases with a consumer-style experience. Founded in 2020 by Rujul Zaparde and Lu Cheng, Zip boasts more than 100 customers, including industry leaders such as Canva, Snowflake, Roblox, Coinbase, Airtable, Toast, Webflow and Databricks

Company Info

Company
Victory Park Capital
Location
chicago, illinois, united states
Additional Info
Victory Park Capital is a global alternative investment firm specializing in private credit. The firm was founded in 2007 and is headquartered in Chicago, Illinois, with additional resources in New York, Los Angeles, San Francisco, and London.

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