Zip, formerly known as Evergreen, is the world’s leading intake-to-procure solution that provides one place for any employee to initiate a purchase or vendor request.

Zip helps businesses gain clear and timely visibility across all purchases, while dramatically improving the employee experience.

Zip was founded in 2020 by Rujul Zaparde and Lu Cheng. The company is headquartered in San Francisco, California.

 

Zip's no-code configuration and intelligent workflows integrated across disparate systems enable businesses to automatically route requests for faster approval across finance, legal, procurement, IT, security and other teams.

 

Zip takes a unique approach as the front-door and orchestration layer with flexible, pre-built connectors to key business systems including ERPs like NetSuite, Workday; contract management software like Ironclad and DocuSign; IT ticketing software such as Jira and ServiceNow; and communication software like Slack and Microsoft Teams.

 

Zip boasts more than 100 customers, including industry leaders such as Canva, Snowflake, Roblox, Coinbase, Airtable, Toast, Webflow and Databricks.

 

Zip is backed by Tiger Global, CRV, and YC Continuity. The company raised $43.3M in a Series B round on May 25, 2022. This brings Zip's total funding to $81.2M to date. The latest round mints Zip a unicorn with a valuation of $1.2B post-money.

 

 

  • Year founded: 2020
  • Funding Info: $81.2M over 3 Rounds (Latest Funding Type: Series B)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: Valued at $1.2B as of May 25, 2022
  • City/Town: San Francisco
  • State: California
  • Country: United States
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