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. 🚀

“We wanted to reimagine what procurement could look like at a mature organization... and Zip gives us the insights we need to apply the right level of control to every request.” - Christopher W. Kee, VP of Sourcing & Procurement, Northwestern Mutual 💡 See how Northwestern Mutual achieved: ✅ 18% cost savings last year ✅ 20% growth in spend under management 📖 Discover their full story and learn how Zip is becoming the single front door for enterprise procurement. 👉 https://lnkd.in/gjs5T6EK

Zip Forward Europe is coming to London 🇬🇧 on April 1st at Convene, 22 Bishopsgate for a one-day summit on the future of procurement, orchestration, AI, and compliance. 🎟️ There is 4 days left to claim your complimentary pass—use code 'EARLYBIRD' register by January 31st! ziphq.com/forward

🔄 Is 2025 the “Year of convergence” for procurement? Nick Heinzmann, Head of Research at Zip, and Matthew Hardin, Director of Advisory at Zip, joined Art of Procurement to share their predictions for the year ahead. 🗣️ “As I look back even to 2020, there’s been a lot of trends bubbling up,” Nick explained. “The first is AI. The second is orchestration. And the third is procurement itself. These three forces – procurement, orchestration, and AI – are converging on the same challenges.” What does this convergence mean for the future? 🤔 🎧 Listen to the full podcast to hear how these trends will reshape procurement in 2025: https://lnkd.in/gsnVvuUd

Is 2025 the “year of convergence” for procurement? YES, according to Nick Heinzmann, Head of research at Zip, and Matthew Hardin, Director of Advisory at Zip. In this week’s podcast episode, they explain why three key trends that have been gathering momentum in recent years – AI, orchestration, and operating models – are all set to converge to create transformational opportunities for procurement in 2025. 🎧 https://lnkd.in/gsnVvuUd #artofprocurement #procurement #yearofconvergence #2025outlook #procurementAI #transformation #orchestration #operatingmodels

Excited to welcome the 🦊 Joe Fox to Zip as he takes the lead in shaping our strategy for the future of procurement! Thrilled to have such an industry leader on board!

Incredible Q4 from this team 🚀 From helping established enterprise organisations to exciting fast growing companies by simplifying their procurement processes 💪 EMEA Zip BDR team 🤝🦾

72% of procurement and finance leaders are being asked to shift from tactical to strategic roles—but transformation requires the right tools. Intake and Orchestration are essential components of this shift, empowering teams with automated workflows and better collaboration. Is your procurement team ready to take on this strategic role? Download the Forrester Opportunity Snapshot and learn our to future-proof your approach: https://lnkd.in/gTSag483

Read the 2025 Zip Vendor Analysis, where Spend Matters highlights Zip’s innovations in Procurement Orchestration and Source-to-Pay. Download the free report to learn more: https://lnkd.in/ga6gbwdE

Wrapping up a great couple of days in NYC with some of our strategic partners on how we will accelerate growth 🚀 and drive customer success 🌟 . I couldn't be more excited, not only because we are working with an ecosystem of amazing partners, each bringing a unique set of differentiators and accelerators, but how our incredible advisory and delivery teams are fully committed to our partner strategy. Thank you Tyson Knight, Colin Glazier, Joel Hull, Emerson Feniak, Erwin C., Ben Roberts and the wider team. Much more of this to come💪 Let's go!