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

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