Zip

We’re excited to announce that Zip has raised $190 million in Series D funding, bringing our valuation to $2.2 billion. This round was led by BOND, with new investors DST Global, Adams Street Partners, and Alkeon Capital joining us, along with continued support from our existing partners Y Combinator and CRV. This funding marks the largest investment in procurement technology in over two decades. But more importantly, it reflects the trust of every customer who has relied on Zip to transform their procurement processes. Just last month, Zip was named the category creator and a leader in the IDC MarketScape: Spend Orchestration 2024, underscoring our role as an innovator in the space. With this new funding, we’re doubling down on innovation to deliver even more value for our customers. We’ll accelerate R&D to build best-in-class procurement solutions, launch the Zip AI lab, and expand our global reach—particularly in EMEA, where we’ve seen over 200% growth in the past year. Our holistic approach has transformed operations for industry leaders like Prudential Financial, Snowflake, Instacart, and Northwestern Mutual—with Zip processing over $107 billion in spend, managing 3.9 million suppliers, and helping our customers save over $4.4 billion. With this latest funding round, Zip is poised to become the global standard for enterprise business spend. As we push the boundaries of procurement technology, we remain dedicated to our core vision: orchestrating the flow of business so companies, markets, and economies can have a greater impact on the world. Read more on our blog: https://lnkd.in/gtarj2bp We’re just getting started—thank you for being part of the journey. ??

"I fight for the user" - Colin Glazier, VP of Procurement Solutions at Zip In Zip's last LinkedIn Live, our Zip Advisory team shared their commitment to prioritizing user experience above all. Why? Because great user experience drives better adoption and streamlined process. ?? Learn more about Colin in our latest Inside Zip feature: https://lnkd.in/giRyPkYH ?? Don’t miss our next LinkedIn Live session on December 6th: The Great Debate: Source to Pay vs. Procurement Orchestration https://lnkd.in/gSgVSBWz

?? What happens when a seasoned procurement leader from Apple joins Zip? Game-changing innovation ?? https://lnkd.in/gQUwWGkp Colin Glazier, VP of Procurement Solutions at Zip, saw early on how Zip's platform could transform procurement processes—and he knew he had to be part of it. During his time at Apple, Colin tackled massive procurement challenges, from solving upstream problems to designing in-house solutions that saved billions. Now, he’s bringing that same innovation and expertise to Zip, helping businesses unlock procurement’s full potential. Learn how Colin’s journey from Apple to Zip is already changing procurement: https://lnkd.in/gQUwWGkp

?? ?? We’re excited to invite you to this exclusive debate on the future of Source to Pay vs. Procurement Orchestration! Join us on #LinkedinLive with Gabe Perez of RiseNow and Pierre Mitchell from Spend Matters in this debate moderated by Nick Heinzmann and Jason Moore of Zip, as they tackle the great question of our time. ??? The Great Debate: Source to Pay vs. Procurement Orchestration ???? Fri, Dec 6 at 10AM PT / 1PM ET ?? Gabe Perez, Pierre Mitchell, Nick Heinzmann, Jason Moore We’ll also have a live Q&A where anyone can ask their questions for the team on the next era of procurement. Register now and secure your space, we look forward to seeing you!

Procurement has evolved beyond spend management. As decentralized buying and rising demands for transparency challenge traditional methods, the need for a new approach is clear. Join us on Dec. 12th for a webinar with Zip to discover how AI-enabled orchestration is transforming procurement, enhancing collaboration, and unlocking the agility needed to maximize impact across teams. Our speaker: Matthew Hardin, Director, Solutions and Advisory at Zip Don’t miss this opportunity to learn from leading organizations creating future-proof, value-driven strategies. Save your spot! https://lnkd.in/gwUYkbtU

?? The Future of Procurement is Here! Is your procurement strategy ready for 2025 and beyond? Traditional solutions are struggling to keep up with decentralised buying, fragmented systems, and data overload. The answer? AI-driven orchestration—streamlining complexity and empowering self-service procurement. ?? Webinar: Procurement in 2025 and Beyond: Why Orchestration is the New Standard in partnership with Zip. ??? Date: 4 December 2024 ? Time: 3 PM GMT ??? Speakers: Gabe Perez, Chief Strategy Officer, RiseNow Nick Heinzmann, Head of Research, Zip ?? What You’ll Learn: 1.) Key components for enabling AI-driven orchestration. 2.) How orchestration creates intuitive, self-service experiences. 3.) Strategies to future-proof your organisation. ?? Register now to secure your spot: https://okt.to/pWz4Mw #ProcurementInnovation #FutureOfWork #AI

?? Have you read Zip's new 'Intake and Procurement Orchestration Maturity Curve' yet? If you're squinting at this on LinkedIn, stop. Download a copy—no zooming in or screenshotting required! ?? https://lnkd.in/gMSf7vWQ

?? When your Zip bus pulls up at the office... click through to see our Head of Talent, Sarah Newman’s reaction! Hop on board and join the ride: ziphq.com/careers

Zip’s CEO Rujul Zaparde, former Airbnb product leader, is on a mission to simplify procurement, saving customers billions. “Every CPO would agree that procurement today is as much about risk management as it is about cost,” Rujul shares. By streamlining cross-functional collaboration, Zip offers a seamless and auditable procurement experience, making it a trusted partner for companies like OpenAI, Reddit, Inc. and Arm Read more: https://ow.ly/ISRb50U2bI7 #SpendOrchestration #RiskManagement #Innovation

Zip has helped top companies like Snowflake and Discover save over $4.4bn in under four years. Co-founded by former Airbnb product leaders Rujul Zaparde and Lu Cheng, Zip simplifies the procurement process with innovative solutions, boosting efficiency and compliance. Read more: https://ow.ly/7muQ50U03ze #Procurement #AI #BusinessGrowth