Tipalti raised $270 million - now what?
Speaking at Calcalist’s Unicorn Forum, Chen Amit, Co-Founder and CEO of Tipalti discussed plans after its latest funding round
“Last week we raised $270 million at an $8.3 billion valuation, which is more or less a fourfold increase over the last year,” said Chen Amit, Co-Founder and CEO of Tipalti. “That will help us fund our future growth. We are very efficient at using those funds, so it’s not going into the bank. We are going to deploy it.”
Amit was chatting just days after it was announced that the company completed its Series F round. The company currently processes over $30 billion in total annual payments volume — growing 120% year over year.
“We have a huge opportunity both in terms of the market, in terms of the product, and what we offer the market,” he continued. “We want to double down on both. We have doubled the team more or less year over year for the last two years. We started this year at 350 people, we are more than 700 already. We want to double the team next year and continue to invest on the product front and on the go-to-market front. That is an expensive exercise and that’s what we will use the funds for.”
You can watch the entire exchange in the video above.