How Much Did Zip Raise? Funding & Key Investors

Date August 22, 2025
Z

Zip

COMPANY INFO

Zip is a software development company founded in 2020 by Rujul Zaparde and Lu Cheng, headquartered in San Francisco, California. It provides a leading procurement orchestration platform that streamlines intake, sourcing, vendor management, purchase orders, and global payments, helping companies procure with speed, transparency, and control. The company has about 300 employees and serves a diverse range of customers with its innovative intake-to-procure solutions. The website is https://ziphq.com/about.

How Much Did Zip Co Limited Raise? Funding & Rounds and Investors

Zip Co Limited is a leading fintech company founded in 2013 by Larry Diamond and Peter Gray, with its headquarters in Sydney, Australia. Operating at the forefront of digital financial services, Zip Co Limited specializes in providing innovative point-of-sale credit and global payment solutions through an advanced procurement orchestration platform. With a workforce ranging between 1,001 and 5,000 employees, the company has a strong presence in key international markets including offices in London, San Francisco, Dallas, Toronto, and New York, catering to an extensive and diverse customer base.

Zip Co Limited's funding journey reflects a robust growth trajectory, marked by multiple significant funding rounds that have fueled its expansion, technology enhancements, and global reach. Overall, Zip Co Limited has raised approximately $333 million across several funding rounds since inception, leveraging both equity and debt financing. The company has strategically secured investment to support loan book growth, product innovation, international expansion, and ongoing operational needs, establishing a diversified investor base that includes major financial institutions and venture capital firms. Key funding milestones include substantial capital injections to support scaling operations, penetrate new markets such as the US, and improve financial stability through diversified funding sources.

Funding Rounds

Financial Stability Round - A$217M - July 2024

This round was aimed at enhancing Zip Co Limited's financial stability and funding key strategic initiatives to strengthen the company’s market position and future growth prospects.

Operational Growth Round - $225M - January 2024

The purpose of this round was to support ongoing growth and operational needs, ensuring that Zip Co Limited continues to innovate and expand in competitive markets.

US Market Expansion Round - A$400M - April 2021

This capital was allocated primarily for international expansion, with a particular focus on scaling operations in the US market.

Growth Acceleration Round - A$120M - December 2020

Funds from this round were directed at accelerating overall company growth and investing in new, cutting-edge technologies to enhance Zip Co Limited's offerings.

International Expansion Round - A$100M - November 2020

This round fueled Zip Co Limited’s international expansion plans and strengthened the company’s balance sheet.

Product Enhancement Round - $40M - August 2017

Secured to enhance product offerings and broaden Zip Co Limited’s customer base, further consolidating its position in digital finance.

Growth Round - $260M - May 2017

Aimed at supporting loan book growth and diversifying the company’s funding sources, marking a key milestone in Zip Co Limited’s funding strategy.

Scaling Round - $20.6M - June 2016

This round enabled Zip Co Limited to scale up operations and enter new markets.

Expansion Round - $100M - November 2015

Capital from this round was deployed to expand credit offerings and enhance the company’s technology infrastructure.

Initial Funding - $1M - November 2015

Seed funding to support Zip Co Limited’s initial growth and operational expenses.

Key Investors

Bond Capital

Bond Capital is a prominent private investment firm recognized for backing high-growth technology and fintech companies. As a key investor in Zip Co Limited, Bond Capital has contributed substantial capital, supporting the company’s expansion and technological innovations.

Y Combinator

Y Combinator is a leading startup accelerator that has helped nurture some of the world’s most successful tech companies. Y Combinator’s early backing provided Zip Co Limited with crucial resources and network access in its growth phases.

DST Global Partners

DST Global Partners is a top-tier global venture capital firm specializing in internet and fintech investments. DST’s participation as a Zip Co Limited investor highlights confidence in the company’s disruptive potential and market trajectory.

CRV

CRV is a well-known Silicon Valley venture capital firm. By investing in Zip Co Limited, CRV has contributed to the company’s sustained innovation and international growth.

Alkeon Capital Management

Alkeon Capital Management is a global investment firm with a focus on long-term partnerships in high-growth companies. Alkeon’s investment underscores faith in the scalability of Zip Co Limited’s fintech solutions.

Adams Street Partners

Adams Street Partners is a global investment management firm investing across venture capital and credit. Their role in Zip Co Limited’s fundraising supports the company’s product enhancements and market expansion.

Tiger Global Management

Tiger Global Management is a renowned investment firm with a diverse global portfolio. As an investor in Zip Co Limited, Tiger Global brings extensive financial backing and strategic expertise, instrumental in fueling the company’s operational and international initiatives.

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