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About Zip
Industries
Enterprise Software
Fintech
Company Size
501-1,000
Company Stage
Series D
Total Funding
$360.8M
Headquarters
San Francisco, California
Founded
2020
Overview
ZipHQ offers a platform that helps businesses manage their spending more effectively. The platform is designed to be easy to use, encouraging employees to engage with it, which leads to better visibility of spending for finance teams. This visibility helps prevent cash leakage and reduces risks associated with vendors. ZipHQ serves a variety of businesses, from small companies to large enterprises, and caters to finance, procurement, IT, and legal teams that need to oversee spending and vendor relationships. The software integrates with existing systems and operates on a subscription model, providing features like dynamic workflows for approvals and compliance, which help streamline procurement processes and enhance collaboration among different teams. ZipHQ aims to improve efficiency and control over spending while minimizing risks for its clients.
Simplify's Take
What believers are saying
- ZipHQ raised $190 million in Series D funding for global expansion.
- The platform has driven $4.4 billion in savings since 2020.
- ZipHQ is recognized as a leader in the growing intake and orchestration market.
What critics are saying
- Increased competition in AI-powered procurement could threaten ZipHQ's market share.
- Expansion into new regions may expose ZipHQ to regulatory challenges.
- Dependency on OpenAI's technology may pose risks if terms change.
What makes Zip unique
- ZipHQ integrates seamlessly with major ERP and P2P solutions.
- The platform offers dynamic intake and approval workflows for compliance.
- ZipHQ's AI capabilities streamline procurement, driving significant cost efficiencies.
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Funding
Total Funding
$360.8M
Above
Industry Average
Funded Over
5 Rounds
Y Combinator
Tiger GlobalIndustry standards
Benefits
📈 Start-up equity
💸 401k plan
🦷 Full health, vision & dental coverage
🍽️ Catered lunches & dinners
🚍 Commuter benefit
🚠 Team building events & happy hours
🌴 Unlimited PTO
💻 Shiny new Apple equipment
🪑 Generous office stipend for remote employees
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -4%2 year growth
↓ -1%Η εταιρεία συγκέντρωσε το ποσό των 190 εκατ. δολαρίων σε έναν Series D γύρο χρηματοδότησης
Zip will use the $190 million raised in the Series D round for research and development, expanding its suite of artificial intelligence solutions, and supporting global expansion with a focus on Europe, the Middle East and Africa. The funding underscores investors' growing interest in companies looking to broaden out their AI capabilities. Growing expectations of a soft landing and the Federal Reserve's policy easing could also encourage more funding rounds, analysts have said.
ZipHQ Inc., a startup developing AI-powered software for businesses buying goods and supplies, has raised $190 million from investors at a $2.2 billion valuation.
Procurement startup Zip secured $190 million in Series D funding, increasing its valuation to $2.2 billion (up from $1.5 billion in 2023).
Interoperability is viewed by many to be the holy grail of business-to-business (B2B) innovation. By enabling systems to work together seamlessly, businesses can reduce costs, improve accuracy, enhance security, and foster better relationships with their partners. Businesses want flexible and customizable workflows, and providers are working to make it happen. Digital transformation is accelerating, with businesses moving away from paper-based and manual processes towards electronic methods
There are no jobs for Zip right now.
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About Zip
Industries
Enterprise Software
Fintech
Company Size
501-1,000
Company Stage
Series D
Total Funding
$360.8M
Headquarters
San Francisco, California
Founded
2020
There are no jobs for Zip right now.
Find jobs on Simplify and start your career today