Zip lines up $43M at a $1.2B valuation for its growing ‘concierge for procurement’

The process to make any purchase within a business can be long and cumbersome, involving multiple departments and lots of back and forth.
A pair of Airbnb alums have teamed up to build a software business aimed at dramatically simplifying that process, or being, in their words, a “concierge for procurement.” That startup, Zip, has raised $43 million in a Series B round of funding led by YC Continuity at a $1.2 billion valuation.
Notably, the San Francisco company was founded in 2020, so it has achieved this unicorn valuation in about 18 months (this deal actually closed earlier in 2022). Tiger

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