Streamlining Enterprise Procurement: How Zip's $190M Series D Is Revolutionising Business Spend [Forbes]
Prudential Financial, Inc. (PRU)
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Source: Forbes
Chances are, you probably haven't - but that's exactly what Zip is. In 2020, Rujul Zaparde and Lu Cheng co-founded this innovative startup with the mission of shaking up the enterprise procurement landscape, and their efforts have now culminated in an impressive $190 million Series D funding round. This funding was led by BOND and joined by heavy-hitting investors like DST Global, Adams Street Partners, and Alkeon Capital, marking the largest investment in procurement tech in over two decades. This massive funding reflects the huge opportunity Zip sees in solving the complex challenges that have always plagued procurement teams across industries. The company is gearing up to expand globally and enhance its AI-driven solutions, positioning itself as the future of how businesses manage their spending and procurement. In an area that's often overlooked, Zip is quietly emerging as a game-changer ready to revolutionize how enterprise procurement works. "Getting this funding shows how m
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