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aVenture is in Alpha: aVenture recently launched early public access to our research product. It's intended to illustrate capabilities and gather feedback from users. While in Alpha, you should expect the research data to be limited and may not yet meet our exacting standards. We've made the decision to temporarily present this information to showcase the product's potential, but you should not yet rely upon it for your investment decisions.
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Streamlined platform for purchasing and vendor requests, cutting approval coordination time in half.
Zip was founded with the mission to streamline procurement processes and enhance compliance for businesses of all sizes. The company offers a platform that simplifies purchasing and vendor requests, significantly reducing the time spent on coordinating approvals. Zip's core vision is to enable smarter spending and more efficient procurement through AI-powered solutions. Their market focus spans from startups to global enterprises, providing tools that unify workflows across various stakeholders and systems.
Notable figures affiliated with Zip include industry experts in procurement and enterprise software. The company has attracted significant investment from leading venture capital firms, underscoring its potential for growth and innovation. Key achievements include the launch of enterprise-grade functionalities that enhance compliance and integration capabilities. Zip's impact is evident in the hundreds of businesses that rely on its platform to optimize procurement operations, demonstrating its effectiveness in transforming traditional procurement practices.
Operating Status
Active
Ownership Type(s)
Venture Capital, Equity
Main Product(s)
Procurement Software
Technology
AI
Tags
Fintech, SaaS
Model Types
Platform, Software
Revenue Type(s)
Recurring
Customer Type(s)
Enterprise, Small Business
Geographic Exposure
Global
When was Zip founded?
Zip was founded in 2020.
Where is Zip’s headquarters located?
Zip’s headquarters is located in San Francisco, CA, US.
When was Zip’s last funding round?
Zip’s most recent funding round was for $100M (USD) in May 2023.
How many employees does Zip have?
Zip has 250 employees as of Mar 27, 2024.
How much has Zip raised to-date?
As of July 05, 2023, Zip has raised a total of $181.3M (USD) since May 15, 2023.
Add Comparison
Total Raised to Date
$181.3M
USD
Last Update May 15, 2023
Last Deal Details
$100M
USD
May 15, 2023
Series C
Total Employees Over Time
250
As of Mar 2024
Zip Address
San Francisco,
California
94115
United States
Source(s): This page includes data and analysis provided by the company, OpenAI, and our research analysts