Zip
Zip is an AI-powered procurement platform that simplifies purchase requests with automated workflows, trusted by companies like Snowflake and Coinbase.
Secondary Market Price
Secondary Market Price
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Company Description
Zip operates as an AI-powered procurement orchestration platform, providing businesses with a single, centralized system for employees to initiate any purchase or vendor request. The software then automatically routes the request for approval across all necessary departments, including finance, legal, IT, and security, integrating with existing enterprise resource planning (ERP) systems. Founded in 2020 by former Airbnb colleagues Rujul Zaparde and Lu Cheng, the San Francisco-based company serves hundreds of major enterprises such as Canva, Coinbase, and Snowflake. To date, Zip has processed over $107 billion in customer spend, helping its clients achieve more than $4.4 billion in collective savings.
Looking ahead, Zip is focused on expanding its platform from procurement into a complete, end-to-end procure-to-pay solution. The company’s momentum is backed by significant recent developments, including a $190 million Series D funding round in October 2024 that brought its valuation to $2.2 billion—reportedly the largest investment in procurement technology in over two decades. This capital is fueling further investment in agentic AI and the expansion of its enterprise sales team. Adding to the excitement, recent reports indicate the company is planning a Nasdaq listing to support its continued U.S. expansion, signaling a strong growth trajectory.
- Tiger Global
- Y Combinator
- BOND
- Charles River Ventures
- Alkeon
- Adams Street
- Co-Founder, CEO Rujul Zaparde
- Co-Founder, CTO Lu Cheng
Peer Group Comparison
Vs Peer Group of >$4B Startups
How Zip Measures Up
To help you manage your Zip equity, Prospect has run the company through our machine learning model.
Prospect Rating
2x
Our analysis gives Zip a 2x rating, suggesting it has the potential to be worth double its current value. For an employee receiving stock, this rating means your equity could double in value upon a successful exit or liquidity event.
Exit Risk
Low Risk
Our Low Risk rating for Zip reflects a lower likelihood of the company failing to reach a liquidity event for its employees compared to other startups, as it is backed by top investors, scaling quickly, and has successfully fundraised since the market downturn.
Funding Stage
Series D
As a Series D company, Zip is a mature and well-established business, having moved beyond the initial high-risk startup phase. For a potential employee, this generally means more stability, clearer role definitions, and established processes compared to an earlier-stage company.
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Zip worth joining?
With strong initial traction, backing from top investors, and a position in a large market, Zip presents a compelling opportunity for prospective employees. Platforms like Prospect can help you evaluate the equity offer by providing data-driven insights and comparisons to other high-growth startups.
What should I do with my Zip stock?
Managing stock in a private company like Zip requires careful consideration of tax implications and exercise strategies. Tools from platforms like Prospect offer scenario modeling and tax optimization to help you make informed decisions and maximize the value of your equity.
Can you sell Zip stock?
Selling stock in a private company is typically more complex than with public companies and is often subject to company restrictions. Liquidity may be available through secondary markets or company-tendered buybacks, but these events are not guaranteed.
How can I find the value of my Zip stock?
The value of private stock is based on the company's most recent 409A valuation and the price per share in its latest funding round. For a personalized estimate of your equity's potential worth, you can use an equity calculator that models different outcomes based on company performance.
What is Zip's equity worth?
Zip's most recent valuation is $2.2 billion, which was established during its Series D funding round. This figure serves as a benchmark for the company's total equity value before it potentially goes public.
What is Zip's stock ticker symbol?
As a privately held company, Zip is not traded on a public stock exchange and therefore does not have a stock ticker symbol. Ticker symbols are only assigned to companies once they complete an Initial Public Offering (IPO).
Can I buy or sell Zip stock?
Zip stock is not available for purchase or sale on public markets because the company is private. Transactions are generally limited to accredited investors during specific funding rounds or employees participating in company-approved liquidity programs.
What is the criteria to buy or invest in Zip stock?
Investing in a private startup like Zip is typically reserved for venture capital firms and accredited investors who meet specific income or net worth requirements. These investment opportunities are not generally open to the public.
