Tipalti Raises $76M in Series D Funding

Funding Rounds

▤ Summary

SGVC) and new investors 01 Advisors (a fund founded by Twitter’s former CEO & COO) and Greenspring Associates. The company intends to use the funds to continue to grow its developer, customer success, sales, and business development headcount, marketing investments, while adding new offices in North America and Europe. Led by Chen Amit, CEO and Co-founder, and newly appointed Sam Barakat, Chief Revenue Officer, Tipalti provides a cloud based technology platform aimed at mid-market companies, who have traditionally been underserved by banks, to streamline all phases of the global accounts payable workflow. In the first half of 2019, the company more than doubled new customer and business bookings and surpassed $8 billion in annual transactions. Hundreds of companies use Tipalti including Roku, Zumba, Twitter, GoDaddy, Zola, Twitch, GoPro, Foursquare, and Vimeo.

$ Funding

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Amount $76.0M Total raised
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Date September 24, 2019 Announcement date
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Investors Greenspring Associates Lead investors
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Company https://tipalti.com/ Funded company

▥ Classifications

industries
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applications
Accounting and Taxes

◇ AskAI Classifications

Labels
SaaS Finance Automation Software Accounts Payable Software

▦ Linked Companies

Tipalti
$10M to $25M