Total amount raised
$906M
Latest funding date
2025-09-24
Location
Tipalti has raised funding across multiple rounds backed by investors including Hercules Capital, G Squared, Durable Capital Partners, Zeev Ventures, and Group 11.
What Is Tipalti?
Tipalti is a global payables automation platform that provides cloud-based solutions to streamline and scale accounts payable and supplier payment operations. Founded in 2010 and headquartered in Foster City, California, Tipalti serves thousands of businesses worldwide, helping finance teams automate mass payment workflows, ensure compliance, and accelerate payment operations across more than 196 countries.
How Much Funding Has Tipalti Raised?
- Seed / Early Round
- Amount Raised: USD 3,000,000
- Date: December 2013
- Lead Investors: Oren Zeev (Zeev Ventures)
- Participants: Undisclosed
- Series B
- Amount Raised: USD 13,000,000
- Date: October 2014
- Lead Investors: Wicklow Capital
- Participants: Group 11
- Series B Extension
- Amount Raised: USD 14,000,000
- Date: September 2016
- Lead Investors: SGVC (now Group 11), led by Dovi Frances
- Participants: Undisclosed
- Series C
- Amount Raised: USD 30,000,000
- Date: February 2018
- Lead Investors: Zeev Ventures (Oren Zeev)
- Participants: Undisclosed
- Series D
- Amount Raised: USD 76,000,000
- Date: September 2019
- Lead Investors: Zeev Ventures (Oren Zeev)
- Participants: Group 11, 01 Advisors, Greenspring Associates
- Series E
- Amount Raised: USD 150,000,000
- Date: October 2020
- Lead Investors: Durable Capital Partners (Henry Ellenbogen)
- Participants: Greenoaks Capital, 01 Advisors
- Series F
- Amount Raised: USD 270,000,000
- Date: December 2021
- Valuation: USD 8,300,000,000
- Lead Investors: G Squared (Larry Aschebrook)
- Participants: Marshall Wace, Counterpoint Global (Morgan Stanley), Zeev Ventures, Durable Capital Partners, 01 Advisors
- Debt Financing
- Amount Raised: USD 150,000,000
- Date: May 2023
- Lead Investors: JPMorgan Chase Bank, Hercules Capital
- Participants: Undisclosed
- Debt Financing
- Amount Raised: USD 200,000,000
- Date: September 2025
- Lead Investors: Hercules Capital
- Participants: Undisclosed
Total Amount Raised: USD 906,000,000 (at least $906M based on disclosed funding across all rounds).
Key Investors
- Hercules Capital
- Details: Hercules Capital (NYSE: HTGC) is a specialty finance firm focused on providing debt financing to technology and life science companies. Hercules led Tipalti's $150M debt round in May 2023 and the most recent $200M debt financing in September 2025, described as a long-time financing partner to Tipalti.
- G Squared
- Details: G Squared is a global growth equity firm that led Tipalti's $270M Series F in December 2021, which valued the company at $8.3 billion. Managing Partner Larry Aschebrook led the investment.
- Durable Capital Partners
- Details: Durable Capital Partners, founded by Henry Ellenbogen, led Tipalti's $150M Series E in October 2020 at a valuation exceeding $2 billion and participated in the subsequent Series F round.
- Zeev Ventures
- Details: Zeev Ventures, founded by Oren Zeev, is one of Tipalti's earliest and most consistent backers. Oren Zeev led Tipalti's seed round, the $30M Series C in 2018, and the $76M Series D in 2019, and also serves as Tipalti's Chairman and Co-founder.
- Group 11
- Details: Group 11 (formerly SGVC), led by Managing Partner Dovi Frances, has been a board member and major investor since Tipalti's early rounds, leading the Series B extension in 2016 and participating in all subsequent rounds.
- JPMorgan Chase Bank
- Details: JPMorgan Chase Bank co-led the $150M debt financing in May 2023 alongside Hercules Capital, supporting Tipalti's continued global growth and product innovation.
What's Next for Tipalti?
With its latest $200M debt financing secured in September 2025, Tipalti is focused on accelerating AI-driven innovation in finance automation and expanding its global presence. The company surpassed $200 million in annual recurring revenue (ARR) and continues to scale its platform for enterprise clients worldwide. As Tipalti deepens its product capabilities and explores potential IPO readiness, the company remains one of the most well-capitalized fintech firms in the accounts payable automation space.
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