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Synopsis
YC Continuity, an investment fund, led a $43m Series B round in Zip, an intake-to-procure solution, with participation from Tiger Global and CRV. “The simple task of buying software or services has become hopelessly complicated at even the most innovative companies in the world. As purchasing has become increasingly decentralized, many stakeholders in the process – finance, legal, IT and the business users themselves – have become increasingly frustrated. Zip is the first single source of truth for a modern decentralized procurement process. Zip provides an intuitive front door and clear visualization of the entire workflow so that each stakeholder has visibility into what's going on. We invested in Zip’s world class team because they’ve elegantly solved this ubiquitous business problem and created a product that procurement, legal, finance, IT and business users all love," Ali Rowghani, YC Continuity Managing Partner.
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