Total amount raised
$715 Million
Latest funding date
5/1/2023
Location
Tipalti has successfully raised funding over 11 rounds, with the latest being a Debt Financing round led by Hercules Capital. The company is backed by 16 investors, including significant contributions from Hercules Capital.
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, is a finance automation company headquartered in Foster City, California. The company specializes in providing solutions for global accounts payable, procurement, expenses, treasury, and mass payments.
Operating within the fintech industry, Tipalti leverages AI to streamline financial operations, improve efficiency, and ensure compliance. The company employs between 1001-5000 people and serves a wide range of industries with tailored solutions.
How Much Funding Has Tipalti Raised?
- Debt Financing
- Amount Raised: USD 16,000,000
- Date: September 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely aimed at scaling operations and enhancing technology.
- Series D
- Amount Raised: USD 76,000,000
- Date: September 2019
- Lead Investors: Zeev Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve product offerings.
- Series C
- Amount Raised: USD 30,000,000
- Date: February 2018
- Lead Investors: Zeev Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technology.
- Series B
- Amount Raised: USD 11,000,000
- Date: September 2016
- Lead Investors: Group 11
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and expand market reach.
- Series B
- Amount Raised: USD 9,000,000
- Date: October 2014
- Lead Investors: Group 11, Wicklow Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and scale operations.
- Series E
- Amount Raised: USD 150,000,000
- Date: October 2020
- Lead Investors: Durable Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel growth and product innovation.
- Series F
- Amount Raised: USD 270,000,000
- Date: December 2021
- Lead Investors: G Squared
- Valuation at Round: USD 8,300,000,000
- Motivation Behind the Round: To scale operations and expand market reach.
- Debt Financing
- Amount Raised: USD 150,000,000
- 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 customers.
- Debt Financing
- Amount Raised: USD 200,000,000
- Date: September 2025
- Lead Investors: Hercules Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technology.
Total Amount Raised: USD 1,162,000,000. Current Valuation: USD 8,300,000,000.
Key Investors
- Hercules Capital
- Details: Hercules Capital is a leading specialty finance company that provides senior secured loans to high-growth, innovative venture capital-backed companies. They focus on sectors such as technology, life sciences, and sustainable and renewable technology industries.
- Investment Focus Areas: Technology, life sciences, sustainable and renewable technology.
- Notable Investments: 23andMe, Ginkgo Bioworks.
- JPMorgan Chase Bank
- Details: JPMorgan Chase Bank is one of the largest financial institutions in the world, providing a wide range of financial services including investment banking, financial services for consumers and businesses, financial transaction processing, asset management, and private equity.
- Investment Focus Areas: Banking, financial services, investment banking, asset management.
- Notable Investments: Amazon, UnitedHealth Group.
- G Squared
- Details: G Squared is a venture capital firm that invests in growth-stage technology companies. They focus on sectors such as software, internet, and technology-enabled services.
- Investment Focus Areas: Software, internet, technology-enabled services.
- Notable Investments: Not publicly disclosed.
- Durable Capital Partners
- Details: Durable Capital Partners is an investment firm that focuses on long-term investments in public and private companies. They emphasize sectors such as technology, consumer, and financial services.
- 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 focus on sectors such as software, internet, and technology-enabled services.
- Investment Focus Areas: Software, internet, technology-enabled services.
- Notable Investments: Not publicly disclosed.
What's Next for Tipalti?
Tipalti's future is brimming with opportunities, driven by a robust $150 million growth financing. This funding will enable the company to expand its product innovation and support its growing customer base, which spans over 3,000 mid-market clients across 196 countries. The increasing adoption of automation in financial operations and the rising complexity of global transactions present significant growth avenues for Tipalti.
Future fundraising opportunities seem promising, with the potential for additional rounds to further scale operations and enhance product offerings. The company's strategic partnerships with financial giants like JPMorgan Chase Bank and Hercules Capital will likely play a crucial role in this expansion. However, Tipalti will need to navigate challenges such as managing rapid growth, ensuring compliance with global regulations, and staying ahead of technological advancements in the fintech space.
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