Funding round
Zepz Series F
Zepz, which works in international money transfer services in United States, raised $267M in a Series F round announced on 6 Oct 2024, led by Accel. 4 firms took part. It is Zepz's second venture round on record; the one before was a Series E in Aug 2021.
$267M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Zepz did not disclose a valuation in this round; its last disclosed one was $5.00B at the Series E (Aug 2021). It came 38 months after Zepz's Series E. It is 48% of the $559M Zepz has raised in the venture rounds on record. No later venture round is on record for Zepz.
Zepz's funding rounds
Zepz has 2 venture rounds on record and 1 other deal. This one is highlighted.
- Series E 23 Aug 2021 $292M$5.00B post-money
- Series F this round 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
Accel led the round with 3 other firms.
Lead investor
- Accel backs 581 venture-backed companies new investor
Also in the round
- backs 19 venture-backed companies new investor
- Technology Crossover Ventures backs 86 venture-backed companies new investor
- International Finance Corporation backs 92 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, 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 F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Form Energy Batteries | 9 Oct 2024 | $405M | not disclosed | T. Rowe Price |
| SuperTask AI Software Development Services | 6 Oct 2024 | $267M | not disclosed | Accel |
| Purplle Cosmetics Stores | 14 Oct 2024 | $180M | $1.20B | Abu Dhabi Investment Authority |
| Maven Clinic Health Care Services | 8 Oct 2024 | $125M | $1.70B | StepStone Group |
| Gojo Loans & Financing | 24 Oct 2024 | $122M | not disclosed | not named |
| Tech Companies | 10 Oct 2024 | $100M | not disclosed | Georgian |
| Sports & Leisure - Clubs, Fields & Pitches | 10 Oct 2024 | $100M | not disclosed | not named |
| Alan Insurance - Agents, Carriers & Brokers | 23 Sep 2024 | $193M | $4.50B | Belfius |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Zepz raise in its Series F round?
Zepz raised $267M in its Series F round, announced in Oct 2024.
Who led Zepz's Series F round?
Accel led it, with LeapFrog Investments, Technology Crossover Ventures and International Finance Corporation.
What was Zepz's valuation at the Series F round?
It was not disclosed; its last disclosed one was $5.00B at the Series E (Aug 2021).