Zip Raises $43 Million in Series B at a $1.2 Billion Valuation
- Zip, a San Francisco, CA-based intake-to-procure solution provider, raised $43m in Series B funding
- The round, which brings total funding to $81m and the valuation to $1.2 billion, was led by YC Continuity with participation from Tiger Global and CRV
- The company intends to use the funds to accelerate adoption and talent acquisition, with plans to double employee headcount by the end of 2022
- The company provides an enterprise-grade platform that enables employees to make business purchases with a consumer-style experience
- The company has more than 100 customers, including industry leaders such as Canva, Snowflake, Roblox, Coinbase, Airtable, Toast, Webflow and Databricks
- The company has more than 130 employees – with top-tier engineers from Silicon Valley tech innovators like Airbnb, Meta, Google and Square
