Fundz

Procurement Platform Zip Raises $100M At A $1.5 Billion Valuation

PRIVATEMay 16, 2023

Amount Raised

$100 Million

Round Type

Funding Round

New YorkSoftwareSecurity

Investors

CRVY CombinatorTiger Global

Description

The business of platforms for purchasing goods and services — in other words, procurement — is alive and well. Case in point, Zip, a startup developing procurement software, yesterday announced its $100 million Series C funding led by Y Combinator with participation from CRV and Tiger Global.

Quick answer

Zip raised $100 Million in a Funding Round round, dated May 16, 2023. Investors: CRV, Y Combinator and Tiger Global. Zip is based in New York, New York, United States.

How much did Zip raise?
Zip raised $100 Million in a Funding Round round on May 16, 2023.
Who invested in Zip?
CRV, Y Combinator and Tiger Global are named as investors in this round.
What does Zip do?
Zip Security ("Zip") was founded with the mission of making best-in-class security accessible and affordable.
Where is Zip based and how big is it?
Zip is based in New York, New York, United States. Fundz records about 16 employees.
Who are the decision-makers at Zip?
Fundz holds 1 contact at Zip. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Security and Software around the same time

Companies in the same sectors as Zip that raised within 45 days of this round, from Fundz verified event records.

  • Cyera raised $100M (Series B) on June 27, 2023.
  • Keep Aware raised $2.4M (Seed) on June 6, 2023.
  • authID® raised $9M on May 23, 2023.
  • Keeper Security raised an undisclosed amount (Private Equity) on May 9, 2023.
  • SKYX Platforms raised $12M on April 28, 2023.
  • SKYX Platforms raised $2M on April 27, 2023.

Who to call at Zip, and when

A new round usually means Zip is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Zip raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Zip, from your own LinkedIn network

Works inside ChatGPT and Claude. Ask who to call at Zip. With Fundz connected, it knows.

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Company Information

Company

Zip

Location

New York, New York, United States

About

Zip Security ("Zip") was founded with the mission of making best-in-class security accessible and affordable. Zip builds software that automates cloud-based identity management, device management, and endpoint threat detection making securing a company and acing compliance audits a breeze. Zip works with customers across a range of industries like health, defense, software, and finance, and supports integration with industry-leading security tools like Jamf, Intune, Entra ID, Okta, Google Workspace, and CrowdStrike.

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment Zip raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Strategic

ML-powered predictions for Zip's next move

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Zip raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.