Funding round
Tipalti Series F
Tipalti, which works in finance automation solutions development in Foster City, raised $270M in a Series F round announced on 8 Dec 2021, led by G Squared, at a $8.30B post-money valuation. 6 firms took part. It is Tipalti's fifth venture round on record; the one before was a Series E in Oct 2020.
$270M
Amount raised
$8.30B
Post-money valuation
$8.03B pre-money
6
Investors
1 lead
4.2x
Step-up from the Series E
$2.00B in Oct 2020
3.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Tipalti at $8.30B after the new money, 4.2 times the $2.00B of its Series E (Oct 2020). The $270M bought investors about 3.3% of the company. It came 14 months after Tipalti's Series E. It is 30% of the $889M Tipalti has raised in the venture rounds on record. Tipalti raised again 17 months later: a Growth round of $150M in May 2023.
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 this round 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
G Squared led the round with 5 other firms.
Lead investor
- G Squared backs 40 venture-backed companies new investor
Also in the round
- Marshall Wace new investor
- Morgan Stanley backs 120 venture-backed companies new investor
- Zeev Ventures new investor
- Durable Capital Partners backs 39 venture-backed companies 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 product development, geographic expansion and scaling operations.
- Product development
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
The closest in time, other companies' Series F rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Razorpay Payment Processing & Point of Sale | 20 Dec 2021 | $375M | $7.50B | Lone Pine Capital and Alkeon |
| SpotOn Payment Processing & Point of Sale | 18 May 2022 | $300M | $3.60B | Dragoneer Investment Group |
| CRED Payment Processing & Point of Sale | 9 Jun 2022 | $140M | $6.40B | GIC |
| Payment Processing & Point of Sale | 24 Jun 2022 | $80M | not disclosed | Asia Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Tipalti raise in its Series F round?
Tipalti raised $270M in its Series F round, announced in Dec 2021.
Who led Tipalti's Series F round?
G Squared led it, with Marshall Wace, Morgan Stanley, Zeev Ventures, Durable Capital Partners and 01A.
What was Tipalti's valuation at the Series F round?
$8.30B post-money ($8.03B pre-money).
Did Tipalti raise again after this round?
Yes: a Growth round in May 2023 of $150M.