When was Zip founded?

Zip was founded in 2020 and became a unicorn in 2022.

Where is Zip located?

Zip is headquartered in San Francisco, United States.

Who is the current CEO of Zip?

Rujul Zaparde of Zip. They have also founded 1 company and are an angel investors in 1 startup.

Which legal entities is Zip associated with?

Zip is associated with ZIPHQ, INC. and 1 other.

How many employees does Zip have?

As of May 31, 2026, the latest employee count at Zip is 1259.

Is Zip a funded company?

Zip is a funded company, having raised a total of $358M across 6 funding rounds to date. The company's 1st funding round was a $25M Series A round.

How much is Zip worth?

The latest valuation of Zip is $2.2B as of Oct 21, 2024.

When was the latest funding round of Zip?

Zip's latest funding was a $190M Series D round on Oct 21, 2024, with participation from 6 investors.

Is Zip a SCM Software company?

The primary sector of Zip is SCM Software.

Where does Zip rank among its competitors?

Zip ranks 1st amongst 479 active competitors, of which 65 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Pivot, which secured $40M in May, 2026.

Who are the top competitors of Zip?

Zip's top competitors include PayEm, Omnea and Aerchain. Among them, Pivot secured the most recent funding round in May, 2026.

Zip - 2026 Company Profile, Team, Funding & Competitors

Zip is a series D company based in San Francisco (United States), founded in 2020 by Rujul Zaparde and Lu Cheng. It operates as a Provider of a platform for procurement orchestration, intake, and spend management. Zip has raised $358M in funding from Y Combinator and Bond Capital, with a current valuation of $2.2B. The company has 479 active competitors, including 65 funded and 41 that have exited. Its top competitors include companies like PayEm, Omnea and Aerchain.

Company Details

Provider of a platform for procurement orchestration, intake, and spend management. The platform offers features such as procure-to-pay automation, supplier onboarding, and sourcing. It includes risk orchestration, an AI procurement concierge, global payments, and vendor cards. The platform provides solutions for procurement, finance, accounting, IT, security, and legal teams. It serves startups, mid-market, and enterprise-level organizations across various industries.

Website: ziphq.com
Social
Email ID: *****@tryevergreen.com
Phone Number: +1 **********

Key Metrics

Founded Year

2020

Location

San Francisco, United States

Stage

Series D

Total Funding

$358M in 6 rounds

Latest Funding Round

Series D, Oct 21, 2024, $190M

Post Money Valuation

$2.2B as on Oct 21, 2024

Investors

Y Combinator & 11 more

Ranked

1^st among 479 active competitors

Employee Count

1,259 as on May 31, 2026

Similar Companies

ProPurchaser

View Zip's full profile

Zip is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
ZIPHQ, INC. CIN: 832736232 , United States, Active	Dec 31, 1999	-	267 (As on Dec 31, 2024)	-
GREENBAX, INC. CIN: 83-2736232 , United States, Active	Nov 29, 2018	-	44 (As on Dec 31, 2021)	-

Zip has raised a total funding of $358M over 6 rounds. Its latest funding round was a Series D round on Oct 21, 2024 for $190M. 6 investors participated in its latest round. Zip has 11 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Zip:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 21, 2024	$190M	Series D	$2.2B	-	Bond Capital	Y Combinator, DST Global, CRV, Alkeon Capital Management, Adams Street Partners
May 15, 2023	$100M	Series C	$1.5B	-	-	Y Combinator, CRV, Tiger Global Management
May 25, 2022	$43M	Series B	$1.2B	-	Y Combinator	Tiger Global Management, CRV

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View details of Zip's funding rounds and investors

The founders of Zip are Rujul Zaparde and Lu Cheng. Rujul Zaparde is the CEO of Zip.

Here are the details of Zip's key team members:

Rujul Zaparde: Co-Founder & CEO of Zip. They are also an angel investor in 1 startup.
Lu Cheng: Co-Founder & CTO of Zip.
Contact Info: 1 email address

View details of Zip's Founder profiles and Board Members

Zip's employee count trend

Zip has 1,259 employees as of May 26. Here is Zip's employee count trend over the years:

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Top competitors of Zip include PayEm, Omnea and Aerchain. Here is the list of Top 10 competitors of Zip, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Zip 2020, San Francisco (United States), Series D	Provider of a platform for procurement orchestration, intake, and spend management	$358M	Adams Street Partners, Bond Capital & 10 others	65/100
2nd	PayEm 2019, San Francisco (United States), Series A	SaaS-based expense management solutions for corporate organisations	$47M	NFX, Pitango & 6 others	64/100
3rd	Omnea 2021, London (United Kingdom), Series B	Provider of web-enabled procurement orchestration solutions for the supply chain	$138M	Accel, Insight Partners & 16 others	63/100
4th	Aerchain 2016, Bengaluru (India), Series A	AI and cloud-enabled end-to-end procurement management solutions	$17M	Telama Investments, Pavestone Capital & 9 others	61/100
5th	Procol 2018, New York (United States), Series A	Provider of AI procurement software for enterprise procurement management solutions	$11.2M	Blume Venture, GMO Venture Partners & 32 others	59/100
6th	Pivot 2023, Paris (France), Series B	Provider of source-to-pay platform streamlining procurement, spend management, and vendor relations	$66.9M	Visionaries Club, Emblem & 15 others	58/100
7th	Arkestro 2017, San Francisco (United States), Series A	AI-powered procurement platform to optimize buying decisions for enterprises	$78M	New Enterprise Associates, Koch Disruptive Technologies ... & 19 others	57/100
8th	BirchStreet Systems 2002, Newport Beach (United States), Series B	Developer of cloud-based procure-to-pay software for hospitality and food service	$1.27M	Parthenon Capital, Serent Capital & 1 others	53/100
9th	SutiSoft 2000, Los Altos (United States), Funding Raised	Provider of cloud-based platforms for business solutions and security management	-	-	53/100
10th	Fintary 2021, San Francisco (United States), Series A	Automated payout solutions for revenue operations	$10M	Harlem Capital, Sierra Ventures & 1 others	52/100