Total amount raised
$715 Millions
Latest funding date
Location
Tipalti has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers a comprehensive solution for automating global payables, streamlining financial operations for businesses worldwide.
Keep reading to explore the intricacies of Tipalti's fundraising journey and the investors backing this innovative platform.
What Is Tipalti?
Tipalti, founded in 2010 by Chen Amit and Oren Zeev, is headquartered in Foster City, California. The company specializes in finance automation solutions, offering a comprehensive platform to streamline global payables operations.
Tipalti's platform automates various phases of the payables workflow, including supplier onboarding, tax compliance, invoice processing, and global funds disbursement. This helps businesses manage their financial operations more efficiently and with greater control.
With a workforce of 1001-5000 employees, Tipalti continues to grow, providing innovative solutions to businesses worldwide.
How Much Funding Has Tipalti Raised?
- Series A
- Amount Raised: $3M
- Date: June 2010
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop its initial product offerings.
- Series B
- Amount Raised: $9M
- Date: October 2014
- Lead Investors: Group 11, Wicklow Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series B
- Amount Raised: $11M
- Date: September 2016
- Lead Investors: Group 11
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series C
- Amount Raised: $30M
- Date: February 2018
- Lead Investors: Zeev Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and expand market reach.
- Series D
- Amount Raised: $76M
- Date: September 2019
- Lead Investors: Zeev Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale the business and enhance product offerings.
- Debt Financing
- Amount Raised: $16M
- Date: September 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expenses and growth initiatives.
- Series E
- Amount Raised: $150M
- Date: October 2020
- Lead Investors: Durable Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate global expansion and product innovation.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: March 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Series F
- Amount Raised: $270M
- Date: December 2021
- Lead Investors: G Squared
- Valuation at Round: $8.3 billion
- Motivation Behind the Round: To support growth and enhance product offerings.
- Debt Financing
- Amount Raised: $150M
- Date: May 2023
- Lead Investors: Hercules Capital, JP Morgan Chase
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in product innovation and support clients.
Tipalti has raised a total of $865M in funding. The most recent valuation is $8.3 billion.
Key Investors
- Hercules Capital
- Details: Hercules Capital is a specialty finance company that provides senior secured loans to venture capital-backed companies. They focus on high-growth sectors and have a strong track record in supporting innovative businesses.
- Investment Focus Areas: Technology, life sciences, sustainable and renewable technology.
- Notable Investments: Facebook, DocuSign, Airbnb.
- JP Morgan Chase
- Details: JP Morgan Chase is a global financial services firm offering a wide range of services including investment banking, financial services for consumers and businesses, and asset management. They are one of the largest banking institutions in the United States.
- Investment Focus Areas: Financial services, technology, healthcare, consumer goods.
- Notable Investments: Uber, Robinhood, Airbnb.
- G Squared
- Details: G Squared is a venture capital firm that invests in growth-stage technology companies. They focus on companies that are leaders in their respective markets and have strong growth potential.
- Investment Focus Areas: Technology, consumer internet, enterprise software.
- Notable Investments: Lyft, Spotify, Coursera.
- Durable Capital Partners
- Details: Durable Capital Partners is an investment firm that focuses on long-term investments in public and private companies. They aim to partner with companies that have sustainable growth and strong management teams.
- Investment Focus Areas: Technology, consumer, financial services.
- Notable Investments: Not publicly disclosed.
- Zeev Ventures
- Details: Zeev Ventures is a venture capital firm that invests in early-stage technology companies. They are known for their hands-on approach and deep involvement in the growth of their portfolio companies.
- Investment Focus Areas: Technology, software, fintech.
- Notable Investments: Houzz, Audible, TripActions.
What's Next for Tipalti?
Tipalti's future looks promising with significant opportunities for growth. The company plans to expand its AP automation services, leveraging its recent $150 million funding round led by JPMorgan Chase and Hercules Capital. With a client base of over 3,000 mid-market customers across 196 countries and an annualized payment volume of $43 billion, the potential for further market penetration is substantial.
Future fundraising efforts are likely, given the company's rapid growth and the increasing demand for automated financial solutions. However, Tipalti will need to navigate challenges such as scaling operations globally and staying ahead of technological advancements. Ensuring compliance with global financial regulations will also be crucial as the company continues to innovate and expand.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like Tipalti and gather other critical business insights.
Sign up for free on Clay and start making data-driven decisions today.
