Former Twitter CEO Backs Payment Automation Startup Tipalti in $76 Million Round
Tipalti operates a cloud-based payables automation service that processes more than $8 billion in transactions annually and counts Amazon, Vimeo, Foursquare, and Twitter among its clients
Meir Orbach | 11:30 24.09.2019
Payment automation startup Tipalti Solutions Ltd. has raised a $76 million series D funding round, the company announced Tuesday. Venture firms Zeev Ventures LLC and Group 11 led the round, with participation from 01 Advisors, which was founded by former Twitter CEO Dick Costolo and ex-COO Adam Bain, as well as Greenspring Associates. Founded in 2010 and based in San Mateo, California and the central Israel coastal town of Herzliya, Tipalti operates a cloud-based payables automation service that processes over $8 billion in transactions annually, according to company statements.