Funding round
Tipalti Growth
Reported as "Growth Equity"
Tipalti, which works in finance automation solutions development in Foster City, raised $200M in a Growth round announced on 21 Sep 2025, led by Hercules Capital. 1 firm took part, 1 of them already investors. It is Tipalti's seventh venture round on record; the one before was a Growth in May 2023.
$200M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Tipalti did not disclose a valuation in this round; its last disclosed one was $8.30B at the Series F (Dec 2021). It came 28 months after Tipalti's Growth. It is 22% of the $889M Tipalti has raised in the venture rounds on record. No later venture round is on record for Tipalti.
Tipalti's funding rounds
Tipalti has 7 venture rounds on record. This one is highlighted.
- Series B 12 Jun 2013, led by Wicklow Capital $13M
- Series C 13 Feb 2018, led by Zeev Ventures $30M
- Series D 24 Sep 2019, led by Zeev Ventures $76M
- Series E 6 Oct 2020, led by Durable Capital Partners $150M$2.00B post-money
- Series F 8 Dec 2021, led by G Squared $270M$8.30B post-money
- Growth 15 May 2023 $150M
- Growth this round 21 Sep 2025, led by Hercules Capital $200M
Investors
Who put money in
Hercules Capital led the round. Hercules Capital had backed Tipalti before.
Lead investor
- backs 29 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion and scaling operations.
- Product development
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
41 Growth rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $63M, and this round was 3.2 times the median. The closest in time, other companies' Growth rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 9 Sep 2025 | $111M | not disclosed | not named |
| Payment Processing & Point of Sale | 25 Sep 2025 | $47M | $1.00B | not named |
| Payment Processing & Point of Sale | 10 Sep 2025 | $6.0M | not disclosed | not named |
| Payment Processing & Point of Sale | 3 Sep 2025 | $1.0M | not disclosed | not named |
| Payment Processing & Point of Sale | 8 Oct 2025 | $30M | $187M | OIF Ventures and Sun Hung Kai & Co. |
| Payment Processing & Point of Sale | 1 Aug 2025 | $15M | not disclosed | MUIP Garuda Fund |
| Bilt Rewards Payment Processing & Point of Sale | 10 Jul 2025 | $250M | $10.75B | General Catalyst and GID |
| Payment Processing & Point of Sale | 22 Jul 2025 | $30M | not disclosed | Shorooq Partners and Cherry Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Tipalti raise in its Growth round?
Tipalti raised $200M in its Growth round, announced in Sep 2025.
Who led Tipalti's Growth round?
Hercules Capital led it.
What was Tipalti's valuation at the Growth round?
It was not disclosed; its last disclosed one was $8.30B at the Series F (Dec 2021).
How does it compare with other Growth rounds in Payment Processing & Point of Sale?
41 Growth rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $63M, and this round was 3.2 times the median.