About Zip
Zip is a Technology company based in San Francisco (United States) founded in 2020 by Lu Cheng, Rujul Zaparde, and Kevin Carter. Cloud-based purchase approval management software is provided for businesses. It operates on a SaaS (Software-as-a-Service) model. Zip has raised $358.15 million across 5 funding rounds from investors including Alkeon Capital Management, Y Combinator and DST Global Partners. The company has 1,406 employees. Zip was last valued at $1.5 billion in May 2023. Its chief executive, as recorded, is Rujul Zaparde. Its website ziphq.com draws about 299 thousand monthly visits. Zip offers products and services including Intake-to-Procure, Procure-to-Pay, and Zip AI. Its focus areas include Software and Procurement Software. Its competitors include Bill.com, AvidXchange and Levelset; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Total Equity Funding$358.15M (USD)
in 5 rounds
- Latest Funding Round$190M (USD), Series D
Oct 2024
- InvestorsAlkeon Capital Management
& 11 more
- Employee Count1,406
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.
Funding Insights of Zip
Zip has successfully raised a total of $358.15M 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.
- Total Funding $358.15M
- Total Rounds 5
- Last Round Series D — $190M
- First Round $125,000
(Jun 2020)
- Investors Count 12
All 5 funding rounds of Zip with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2024 | $190M | Series D | – | Bond Capital | |
| May 2023 | $100M | Series C | $1.5B | – | |
| May 2022 | $43M | Series B | $1.2B | Y Combinator | |
| Aug 2020 | $150,000 | Seed | – | – | |
| Jun 2020 | $125,000 | Seed | – | Y Combinator | – |
| Date | Valuation | Stage |
|---|---|---|
| May 2023 | $1.5B | •••••••• |
| May 2022 | $1.2B | •••••••• |
Full valuation and stage history of Zip
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $1.5B (May 2023). 12 investors in total: 12 institutional.
Investors in Zip
Zip has secured backing from 12 investors, including venture fund investors. Prominent investors backing the company include Alkeon Capital Management, Y Combinator and DST Global Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
Venture capital investment firm | dst-global.com | Menlo Park, United States | ||
CRV is recognized as a venture capital firm investing in technology startups. | crv.com | Palo Alto, United States | ||
VC fund focused on equity markets | 2002 | alkeoncapital.com | New York, United States | |
Private markets investment management with strategies in equity, credit, and secondary investments. | adamsstreetpartners.com | |||
Investments in multiple sectors are made by Bond Capital. | bondcap.com | San Francisco, United States | ||
Venture and private equity investments are managed with global diversification. | tigerglobal.com | New York, United States | ||
| bondcapital.ca | ||||
Investments in multiple sectors are handled by FOG Ventures. | fog.ventures | San Francisco, United States | ||
Multiple sectors are invested in by venture capital firm AirAngels. | airangels.co | San Francisco, United States |
Investor details for Zip
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Zip
160 people are tracked at Zip (39 in leadership, 121 in team); the tracked headcount is 1,406.
| Name | Role | Group |
|---|---|---|
Lu Cheng | Co-Founder & CTO | Leadership |
Rujul Zaparde | Co-Founder & CEO | Leadership |
Kevin Carter | Founder | Leadership |
Andy Creach | Regional Director Of Commercial Sales | Leadership |
Andy Joeres | EMEA Strategic Advisory & Director Of UK Operations | Leadership |
Benjamin Hy, CPA | Director Of Accounting | Leadership |
Kristin Carlson | Talent Partner | Leadership |
Cody Barnes ☁️ | Strategic Enterprise Account Director | Leadership |
Ryan Loh | Chief Legal Officer | Leadership |
Cameron Napps | Head of Finance | Leadership |
Tyson Knight | Chief Customer Officer | Leadership |
James L. | Director Of Engineering | Leadership |
Clara B. | Head Of Payment Operations | Leadership |
MacKenzie Marlantes | HR Business Partner | Leadership |
Michael Buscemi | Senior Director Of Sales | Leadership |
Steve Daly | Strategic Enterprise Account Director | Leadership |
Toby Roberts | Head Of Total Rewards | Leadership |
Felix Meng | Vice President of Commercial Sales, Founding Team | Leadership |
Gabe Novais | VP Of Product | Leadership |
Wenchang Zhou | VP Of Engineering | Leadership |
140 more people are available in the full profile.
Complete people profiles for Zip
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Zip
4 dated milestones of Zip across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Zip is founded.
- Funding First funding round of $125K.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Series D, of $190.0M.
Competitors of Zip
Zip has 3 listed competitors in our database, 3 of them funded. They include Bill.com, AvidXchange and Levelset.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bill.com | 2006 | Palo Alto, United States | $325.6M | 1,384 | Cloud-based accounts payable and receivable software for businesses | |
| avidxchange.com | 2000 | Charlotte, United States | $1.18B | 1,714 | Accounts payable and payment automation solutions are offered for businesses. | |
| levelset.com | 2005 | New Orleans, United States | $48.44M | 138 | Levelset is focused on construction payment and lien rights management. |
Detailed competitors of Zip
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Zip
The website of Zip (ziphq.com) receives about 299.4K visits a month.
- Monthly visits299.4K
▲ 1% vs previous month
Websites whose visitors overlap most with Zip. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| calendly.com | 100% | 40.1M | #1,297 | View details | |
| figma.com | 99% | 84.7M | #221 | View details | |
| linear.app | 98% | 5.8M | #10,920 | View details | |
| notion.so | 97% | 178.3M | #160 | View details | |
| levels.fyi | 95% | 3.2M | #12,525 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Zip
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Finance & Accounting Applications
3 companies that operate in the same segment as Zip (Finance & Accounting Applications) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Zip
Complete news archive for Zip
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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 CEO of Zip, as recorded in our data. They have also founded this company.
Zip is a funded company, having raised a total of $358.15M across 5 funding rounds to date. The company's 1st funding round was a Seed of $125K, raised on Jun 2020.
Zip has 1,406 employees.
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's top competitors include Bill.com, AvidXchange and Levelset.
Zip offers Intake-to-Procure, Procure-to-Pay, and Zip AI.
Zip has 12 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.
Zip operates through Zip.
The website of Zip receives about 299 thousand visits a month.