Zip, founded in 2020 and based in San Francisco, California, has raised $333 million across multiple funding rounds, reaching a $2.2 billion valuation as of October 2024. Its most recent $190 million Series D round in October 2024 was led by Bond Capital, Y Combinator, and DST Global Partners, following a $100 million Series C in May 2023 and a $43 million Series B in May 2022. Zip provides a cloud-based purchase approval and spend management platform, helping businesses streamline procurement, ensure compliance, and optimize vendor management globally.