Zip: Funding, Investors & Team (Oct 2026)
Zip is the world’s leading intake and procurement orchestration platform. Providing a single platform for any employee to initiate a purchase request, Zip helps businesses gain clear and timely visibility across all purchases, while dramatically improving the employee experience. The platform’s no-code configuration and intelligent workflows integrated across disparate systems enable businesses to automatically route requests for faster approval across finance, legal, procurement, IT, security and other teams. Leading enterprises like Prudential, Canva, Discover, Sephora and over 450 others use Zip to streamline their procurement processes while delighting their business users.
Zip has raised $333M across 3 funding rounds on record, the most recent a Series D of $190M announced in Oct 2024.
That round is above the $15M median round size for Financial Services companies tracked on FundedIQ over the last two years.
Zip Company Profile and Key Stats
Latest funding round on record: Oct 2024.
Zip Funding Rounds
Zip raised $43.3M in a Series B announced in May 2022.
1 years later, a Series C of $100M was announced in May 2023.
1.4 years later, a Series D of $190M was announced in Oct 2024.
Zip Founders and Leadership Team
Contact details for the Zip team: 1 of 2 have an email address on file.
Start 14-day free trial →Zip Funding Compared to Other Financial Services Startups
Zip's latest round of $190M is above the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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Zip Funding FAQs
What does Zip do?
Zip is the world’s leading intake and procurement orchestration platform. Providing a single platform for any employee to initiate a purchase request, Zip helps businesses gain clear and timely visibility across all purchases, while dramatically improving the employee experience. The platform’s no-code configuration and intelligent workflows integrated across disparate systems enable businesses to automatically route requests for faster approval across finance, legal, procurement, IT, security and other teams. Leading enterprises like Prudential, Canva, Discover, Sephora and over 450 others use Zip to streamline their procurement processes while delighting their business users.
How much funding has Zip raised?
Zip has raised $333M across 3 rounds on record. The most recent is a Series D of $190M announced in Oct 2024.
When did Zip last raise funding?
Zip's most recent funding round on record is a Series D of $190M, announced in Oct 2024.
Who founded Zip?
FundedIQ lists Lu Cheng (Founder) at Zip.
Who is the CEO of Zip?
Rujul Zaparde is listed as CEO at Zip.
Where is Zip headquartered?
Zip is based in San Francisco, California, United States.
How many employees does Zip have?
Zip is in the 251-500 employee band.
How does Zip's funding compare to other Financial Services startups?
Zip's latest round of $190M is above the $15M median round size for Financial Services companies on FundedIQ across 5,751 tracked companies over the last two years.
About FundedIQ's Zip Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Zip is left off this page rather than filled in.
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