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. ??

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

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/8zpl50U2a1O #SpendOrchestration #RiskManagement #Innovation

Zip has helped customers like Snowflake and Discover save over US$4.4bn in under four years by making procurement faster, safer, and more efficient. CEO Rujul Zaparde, a former Airbnb product leader, leads the 300-strong team as they expand globally, with new growth in EMEA. Read more: https://ow.ly/aMf350U14QA #Procurement #SpendOrchestration #BusinessGrowth

??Why did Jason Moore leave Discover Financial Services to join Zip??https://lnkd.in/gUry-HGT As Sr. Director of Procurement Operations at Discover Financial Services, Jason saw the enormous impact of Zip firsthand—and joined our team to help others achieve the same success. From slashing cycle times by 50%+ to improving customer satisfaction by nearly 70%, Jason’s results speak for themselves. Now, he’s bringing that expertise to Zip, helping businesses transform their procurement operations and drive continuous improvement. Read Jason’s story and discover how he’s shaping the future of procurement: https://lnkd.in/gUry-HGT