About Zip
Zip is a company based in San Francisco (United States) founded in 2020 by Lu Cheng and Rujul Zaparde. It operates as a SaaS (Software-as-a-Service). Zip has raised $333.28 million across 5 funding rounds from investors including Alkeon Capital Management, Y Combinator and DST Global Partners. The company has 218 employees as of December 31, 2023. Zip offers products and services including Intake-to-Procure, Procure-to-Pay, and Zip AI. Zip operates in a competitive market with competitors including Bill.com, Razorpay, Zaggle, AvidXchange and Konfío, among others.
- Headquarter San Francisco, United States
- Employees 218 as on 31 Dec, 2023
- Founders Lu Cheng, Rujul Zaparde
- Stage Unicorn
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Zip
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$333.28 M (USD)
in 5 rounds
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Latest Funding Round
$190 M (USD), Series D
Oct 21, 2024
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Investors
Alkeon Capital Management
& 6 more
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Employee Count
218
as on Dec 31, 2023
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Products & Services of Zip
Zip offers a comprehensive portfolio of products and services, including Intake-to-Procure, Procure-to-Pay, and Zip AI.
AI guides employees through purchase request processes efficiently.
PO and invoice management are automated modernly here.
AI agents are built for procurement orchestration tasks.
People of Zip
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Software Development Team
60 people
Leadership Team
39 people
Product Management Team
9 people
Sales and Marketing
7 people
Human Resources and Administration
6 people
Creative and Marketing Team
6 people
Senior Team
5 people
Finance and Accounting
4 people
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Funding Insights of Zip
Zip has successfully raised a total of $333.28M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $190 million completed in October 2024. 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.
Investors in Zip
Zip has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Alkeon Capital Management, Y Combinator and DST Global Partners.
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CRV is recognized as a venture capital firm investing in technology startups.
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Investor details for Zip
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Zip
Investment portfolio details for Zip
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
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Financial Statements - Zip
Detailed financials for Zip
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
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Zip Comparisons
Peer comparison for Zip
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- Named peers
- Headcount comparison
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Competitors of Zip
Zip 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 Bill.com, Razorpay, Zaggle, AvidXchange and Konfío, among others.
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Cloud-based accounts payable and receivable software for businesses
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Payment and business banking solutions are provided for enterprises.
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Business spends, payments, and rewards are streamlined by automated workflows.
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Accounts payable and payment automation solutions are offered for businesses.
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Financial solutions platform provider
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Detailed competitors of Zip
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
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- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Zip
Complete news archive for Zip
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Zip
Zip was founded in 2020.
Zip is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Rujul Zaparde is the current CEO of Zip. They have also founded this company.
Zip is a funded company, having raised a total of $333.28M across 5 funding rounds to date.
As of Dec 31, 2023, the latest employee count at Zip is 218.
Zip is established as a leading platform for agentic procurement orchestration. Solutions are provided for various needs including intake-to-pay and AP automation. Services are tailored for teams in procurement, finance, accounting, IT, security, and legal. Support is extended to startups, mid-market, and enterprise clients across industries like life sciences, financial services, and technology. AI capabilities are integrated to enhance decision-making and mitigate third-party risks. Cross-functional efficiency is driven through integration with existing tech stacks.
Zip offers Intake-to-Procure, Procure-to-Pay, and Zip AI.
Zip has 7 investors. Key investors include Alkeon Capital Management, Y Combinator, DST Global Partners, CRV, and Adams Street Partners.
The valuation of Zip is $1.5B as of May 2023.