Funding round
Tipalti Series B
Tipalti, which works in finance automation solutions development in Foster City, raised $13M in a Series B round announced on 12 Jun 2013, led by Wicklow Capital. 1 firm took part. It is Tipalti's first venture round on record.
$13M
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. It is Tipalti's first venture round on record, 3 years after it was founded in 2010. It is 1.5% of the $889M Tipalti has raised in the venture rounds on record. Tipalti raised again 56 months later: a Series C round of $30M in Feb 2018. Its next priced round, a Series E in Oct 2020, valued it at $2.00B.
Tipalti's funding rounds
Tipalti has 7 venture rounds on record. This one is highlighted.
- Series B this round 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 21 Sep 2025, led by Hercules Capital $200M
Investors
Who put money in
Wicklow Capital led the round.
Lead investor
- Wicklow Capital new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
10 Series B rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $10M, and this round was 1.3 times the median. The closest in time, other companies' Series B rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 1 Jul 2013 | $10M | not disclosed | not named |
| Payment Processing & Point of Sale | 18 Oct 2013 | $12M | not disclosed | GSR Ventures and Citi Ventures |
| Payment Processing & Point of Sale | 28 Jan 2014 | $7.0M | not disclosed | Balderton Capital |
| Payment Processing & Point of Sale | 1 Jan 2014 | $2.0M | $16M | not named |
| Payment Processing & Point of Sale | 8 Jan 2014 | undisclosed | not disclosed | not named |
| Payment Processing & Point of Sale | 17 Oct 2012 | $35M | not disclosed | New Enterprise Associates |
| Payment Processing & Point of Sale | 25 Oct 2012 | $3.2M | not disclosed | Inovia and Bluff Point Associates |
| Payment Processing & Point of Sale | 15 Apr 2014 | $10M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Tipalti raise in its Series B round?
Tipalti raised $13M in its Series B round, announced in Jun 2013.
Who led Tipalti's Series B round?
Wicklow Capital led it.
What was Tipalti's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Payment Processing & Point of Sale?
10 Series B rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $10M, and this round was 1.3 times the median.
Did Tipalti raise again after this round?
Yes: a Series C round in Feb 2018 of $30M.