About ZenBusiness
ZenBusiness is a company based in Austin (United States) founded in 2017 by Ryan Pitylak, Shanaz Hemmati, Ross Buhrdorf, and Art Flores.. ZenBusiness has raised $274.5 million across 4 funding rounds from investors including Lerer Hippeau, SoftBank Vision Fund and Oak HC/FT. ZenBusiness has completed 3 acquisitions, including Joust, Joust Bank and Ureeka. ZenBusiness offers products and services including LLC Formation, Registered Agent Service, Website Builder, and Money Pro Bookkeeping. ZenBusiness operates in a competitive market with competitors including Sleek, Clara, StartupWala, LegalPlace and Ureeka, among others.
- Headquarter Austin, United States
- Founders Ryan Pitylak, Shanaz Hemmati, Ross Buhrdorf, Art Flores
- Stage Unicorn
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Sectors
Professional & Legal Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Zenbusiness Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$274.5 M (USD)
in 4 rounds
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Latest Funding Round
$200 M (USD), Series C
Nov 08, 2021
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Investors
Lerer Hippeau
& 15 more
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Employee Count
Employee Count
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Investments & Acquisitions
Joust
& 2 more
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Products & Services of ZenBusiness
ZenBusiness offers a comprehensive portfolio of products and services, including LLC Formation, Registered Agent Service, Website Builder, and Money Pro Bookkeeping. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online service for quick and accurate LLC setup.
Handles legal filings and maintains business standing.
Platform for creating professional business websites easily.
Tool for tracking expenses and tax deductions in real time.
Unlock access to complete
Funding Insights of ZenBusiness
ZenBusiness has successfully raised a total of $274.5M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $200 million completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $200.0M
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First Round
First Round
(26 Feb 2018)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series C - ZenBusiness | Valuation | Oak HC/FT | |
| Nov, 2020 | Amount | Series B - ZenBusiness | Valuation | Cathay Innovation | |
| Sep, 2019 | Amount | Series A - ZenBusiness | Valuation | Greycroft |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ZenBusiness
ZenBusiness has secured backing from 16 investors, including venture fund investors. Prominent investors backing the company include Lerer Hippeau, SoftBank Vision Fund and Oak HC/FT. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments are made in early-stage healthtech and fintech startups.
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Founded Year | Domain | Location | |
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Venture capital investments in technology and startups.
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Founded Year | Domain | Location | |
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Multiple sectors are targeted for venture capital investments by Greycroft.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ZenBusiness
ZenBusiness has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Joust, Joust Bank and Ureeka. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Professional community platform that connects small businesses with expertise
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2019 | ||||
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App-based invoice management solutions are offered to businesses and freelancers.
|
2017 | ||||
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Internet-first bank through bank partnership for self-employed
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - ZenBusiness
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Zenbusiness Comparisons
Competitors of ZenBusiness
ZenBusiness operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Sleek, Clara, StartupWala, LegalPlace and Ureeka, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform offering business incorporation solution
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| domain | founded_year | HQ Location |
Business incorporation and legal document management are facilitated online.
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| domain | founded_year | HQ Location |
Offers business registration, trademarks, and tax filings for entrepreneurs.
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| domain | founded_year | HQ Location |
Platform offering business incorporation solution
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| domain | founded_year | HQ Location |
Professional community platform that connects small businesses with expertise
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Zenbusiness
Frequently Asked Questions about ZenBusiness
When was ZenBusiness founded?
ZenBusiness was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is ZenBusiness located?
ZenBusiness is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Who is the current CEO of ZenBusiness?
Ross Buhrdorf is the current CEO of ZenBusiness. They have also founded this company.
Is ZenBusiness a funded company?
ZenBusiness is a funded company, having raised a total of $274.5M across 4 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Feb 26, 2018.
What does ZenBusiness do?
ZenBusiness was founded in 2017 in Austin, United States, as a cloud-based platform focused on business incorporation. Guidance and solutions are offered to business owners for starting, running, and growing operations. Tools and services are accessible via a dashboard to handle liability protection, financial management, and online presence establishment. Support is extended in the legal and administrative sectors for small enterprises.
Who are the top competitors of ZenBusiness?
ZenBusiness's top competitors include Sleek, StartupWala and Clara.
What products or services does ZenBusiness offer?
ZenBusiness offers LLC Formation, Registered Agent Service, Website Builder, and Money Pro Bookkeeping.
How many acquisitions has ZenBusiness made?
ZenBusiness has made 3 acquisitions, including Joust, Joust Bank, and Ureeka.
Who are ZenBusiness's investors?
ZenBusiness has 16 investors. Key investors include Lerer Hippeau, SoftBank Vision Fund, Oak HC/FT, Greycroft, and Cathay Innovation.
What is ZenBusiness's valuation?
The valuation of ZenBusiness is $1.7B as of Nov 2021.