OUR MISSION

To unblock innovation by helping businesses procure with the fastest process, least risk, and best value.

When procurement flows, business flows

From revolutionary technology to breakthrough medical treatments, innovation doesn't happen in a vacuum. Companies rely on suppliers to provide the resources they need to innovate faster, operate more efficiently, and drive greater impact.

Zip is an agentic procurement orchestration platform built to support the way modern businesses actually work.

Built for global scale

$6.8B
saved by Zip customers
7.4M
suppliers managed in Zip
10M
insights delivered with Zip AI
140+
countries supported for payments

We knew procurement didn’t have to be painful

Rujul Zaparde
Rujul Zaparde
CEO and Cofounder
Lu Cheng
Lu Cheng
CTO and Cofounder

In 2020, Rujul Zaparde and Lu Cheng co-founded Zip. Their goal was to transform the slow, messy process of procurement by bringing a consumer-grade user experience to B2B purchasing.

Having pioneered a new category with the launch of intake and orchestration, Zip has since grown into a powerful agentic procurement orchestration platform that unifies the process from intake to pay.

Zip’s passionate team of 650+ serves a diverse range of customers including AMD, Mars, Discover, Dollar Tree, T Mobile, OpenAI, and more.

In partnership with our Enterprise Transformation Office, an in-house advisory team made up of former procurement leaders from major enterprises, Zip customers redesign their operations to procure with the fastest process, least risk, and best value.

Zip’s investors include Adams Street, Alkeon, BOND, CRV, DST, Tiger Global, and Y Combinator. In October 2024, Zip announced a $190 million Series D funding round at a $2.2 billion valuation.

Meet the Zip Enterprise Transformation Office

Enterprise procurement experts dedicated to customer success

Lu Cheng

Jason Moore

Head of Enterprise 
Transformation Office

Formerly: Senior Director of Enterprise Procurement at Discover
Lu Cheng

Peder Gustafson

Managing Director, Enterprise Transformation

Formely: CPO at UnitedHealth Group, CPO at Ameriprise Financial
Lu Cheng

Danielle McQuiston

Managing Director, Enterprise Transformation

Formerly: VP and Head of North America Procurement 
at Sanofi
Lu Cheng

James Czarnecki

Managing Director, Enterprise Transformation

Formerly: SVP and Chief Procurement Officer at MGM Resorts
Lu Cheng

Jason Powell

Managing Director, Enterprise Transformation

Formely: Global Head of Procurement at Figma, Procurement Leader at Stripe and Asana
Lu Cheng

Michael Rooney

Director, Enterprise Transformation

Formerly: Principal at ProcureTech

Our values

1

Be the underdog

As underdogs, we work harder, smarter, and faster to win. We operate with grit, resourcefulness, and a sense of urgency 
to challenge the status quo and innovate.
2

Just own it

As owners, we invest in our work's success, emphasizing attention to detail. We're committed to excellence, aiming to improve our outcomes and environment.
3

Go upstream

We listen and go upstream to understand root problems, striving for deep empathy 
and impactful solutions that truly resonate with our customers' needs.
4

Win as one

We believe in the power of unity, valuing collaboration and collective effort 
over individual achievements to deliver superior results.
5

Make it delightful

Our aim is to delight, blending fun with seriousness to create exceptional finance and procurement experiences that truly stand out.
6

Be Zippy

Speed and innovation drive us. We quickly turn ideas into reality, prioritizing customer feedback and agile, impactful actions in all we do.

Our investors