Payments automation startup Tipalti used this pitch deck to raise $150m last year

ABOUT

Tipalti is a global payables automation platform for supplier onboarding, invoice management, payments, and reconciliation. Its service makes it easier for accounts payable departments to manage their entire supplier payments operation.

The company was founded in Israel in 2010 by Chen Amit, a former ECI Telecom executive, and Oren Zeev, founder partner of VC firm Zeev Ventures. Tipalti, which is now headquartered in the US and has more than 350 employees, aims to eliminate payables friction for customers.

In 2019, it registered more than US$8 billion in annual transactions and increased customer bookings by 250%. The company hit a valuation of more than US$2 billion in 2020.

Tipalti used this deck last year to secure US$150 million in series E funding.

Fundraising journey

• 2010: US$7 million of series A funding from undisclosed investors
• 2014: US$13 million of series B funding led by Wicklow Capital
• 2018: US$30 million of series C funding led by Zeev Ventures
• 2019: US$76 million of series D funding led by Zeev Ventures, with participation from Group 11, 01 Advisors, and Greenspring Associates
• 2020: US$150 million of series E funding led by Durable Capital Partners, with participation from Greenoaks Capital and 01 Advisors

How is the deck compelling?

• Tipalti starts the deck with a brief introduction of the company’s business, which is then followed by a detailed elaboration of the service it offers.
• The deck provides various charts, starting from Tilpalti’s growth to its financial retention.
• It concludes by showing a brief background of the current team and the board members of Tipalti.

SOURCE

Deck: High Society Investors