Funding round
Zepz Series E
Zepz, which works in international money transfer services in United States, raised $292M in a Series E round announced on 23 Aug 2021, at a $5.00B post-money valuation. 4 firms took part, 3 of them already investors. It is Zepz's first venture round on record.
$292M
Amount raised
$5.00B
Post-money valuation
$4.71B pre-money
4
Investors
no lead named
5.8%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Zepz at $5.00B after the new money. The $292M bought investors about 5.8% of the company. It is Zepz's first venture round on record, in the year it was founded (2021). It is 52% of the $559M Zepz has raised in the venture rounds on record. Zepz raised again 38 months later: a Series F round of $267M in Oct 2024.
Zepz's funding rounds
Zepz has 2 venture rounds on record and 1 other deal. This one is highlighted.
- Series E this round 23 Aug 2021 $292M$5.00B post-money
- Series F 6 Oct 2024, led by Accel $267M
- Debt not a venture round 1 Apr 2025, led by HSBC Innovation Banking $165M
Investors
Who put money in
4 firms took part; no lead investor was named.
Investors
- backs 15 venture-backed companies new investor
- backs 19 venture-backed companies existing investor
- Technology Crossover Ventures backs 86 venture-backed companies existing investor
- Accel backs 581 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, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Emeritus Professional & Management Training | 12 Aug 2021 | $650M | $3.20B | Accel and SoftBank Vision Fund |
| Emeritus Professional & Management Training | 11 Aug 2021 | $650M | $3.20B | SoftBank Vision Fund and Accel |
| Nuvemshop Decorators & Interior Designers | 17 Aug 2021 | $500M | $3.10B | Insight Partners and Tiger Global |
| Tiendanube Tech Companies | 17 Aug 2021 | $500M | $3.10B | Insight Partners and Tiger Global Management |
| Dataiku Tech Companies | 5 Aug 2021 | $400M | $4.60B | Tiger Global |
| BharatPe Payment Processing & Point of Sale | 4 Aug 2021 | $370M | $2.85B | Tiger Global |
| NewLink Renewable energy companies | 19 Aug 2021 | $308M | not disclosed | not named |
| Rapyd Payment Processing & Point of Sale | 3 Aug 2021 | $300M | $8.75B | Target Global |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Zepz raise in its Series E round?
Zepz raised $292M in its Series E round, announced in Aug 2021.
Which investors took part in Zepz's Series E round?
Farallon, LeapFrog Investments, Technology Crossover Ventures and Accel.
What was Zepz's valuation at the Series E round?
$5.00B post-money ($4.71B pre-money).
Did Zepz raise again after this round?
Yes: a Series F round in Oct 2024 of $267M.