Funding round
Tipalti Series E
Tipalti, which works in finance automation solutions development in Foster City, raised $150M in a Series E round announced on 6 Oct 2020, led by Durable Capital Partners, at a $2.00B post-money valuation. 3 firms took part. It is Tipalti's fourth venture round on record; the one before was a Series D in Sep 2019.
$150M
Amount raised
$2.00B
Post-money valuation
3
Investors
1 lead
7.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Tipalti at $2.00B after the new money. The $150M bought investors about 7.5% of the company. It came 13 months after Tipalti's Series D. It is 17% of the $889M Tipalti has raised in the venture rounds on record. Tipalti raised again 14 months later: a Series F round of $270M in Dec 2021, at $8.30B post-money.
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 this round 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
Durable Capital Partners led the round with 2 other firms.
Lead investor
- Durable Capital Partners backs 39 venture-backed companies new investor
Also in the round
- Greenoaks Capital new investor
- 01A backs 53 venture-backed companies 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
6 Series E rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $276M, and this round was 54% of the median. The closest in time, other companies' Series E rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Razorpay Payment Processing & Point of Sale | 19 Apr 2021 | $160M | $3.00B | Sequoia Capital and GIC |
| Payment Processing & Point of Sale | 27 Jan 2020 | $80M | not disclosed | Visa |
| BharatPe Payment Processing & Point of Sale | 4 Aug 2021 | $370M | $2.85B | Tiger Global |
| Rapyd Payment Processing & Point of Sale | 3 Aug 2021 | $300M | $8.75B | Target Global |
| SpotOn Payment Processing & Point of Sale | 13 Sep 2021 | $300M | $3.15B | Andreessen Horowitz |
| CRED Payment Processing & Point of Sale | 18 Oct 2021 | $251M | $4.01B | Tiger Global and Alpha Wave Global |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Tipalti raise in its Series E round?
Tipalti raised $150M in its Series E round, announced in Oct 2020.
Who led Tipalti's Series E round?
Durable Capital Partners led it, with Greenoaks Capital and 01A.
What was Tipalti's valuation at the Series E round?
$2.00B post-money.
How does it compare with other Series E rounds in Payment Processing & Point of Sale?
6 Series E rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $276M, and this round was 54% of the median.
Did Tipalti raise again after this round?
Yes: a Series F round in Dec 2021 of $270M at $8.30B post-money.