What is Zylo?
Zylo stands as the enterprise leader in SaaS Management, empowering organizations to effectively control escalating SaaS costs and mitigate associated risks. Companies such as Adobe, Atlassian, Coupa, Doordash, Intuit, Slack, Salesforce, and Yahoo rely on Zylo's proven technology and deep expertise to enhance software adoption and foster innovation. With over 30 million SaaS licenses and $30 billion in SaaS spend under its management, Zylo possesses unparalleled data insights. Its enterprise SaaS management platform provides comprehensive visibility into a company's SaaS footprint, delivering actionable intelligence and automated workflows. Complementing its platform, Zylo offers specialized spend optimization services, employing a best-in-class approach to manage SaaS negotiations end-to-end and drive significant cost savings.
How much funding has Zylo raised?
Zylo has raised a total of $72.3M across 6 funding rounds:
Private Equity
$500K
Angel/Seed
$3.4M
Series A
$9.3M
Other Financing Round
$100K
Series B
$22.5M
Series C
$36.5M
Private Equity (2016): $500K, investors not publicly disclosed
Angel/Seed (2016): $3.4M led by High Alpha Capital, SV Angel, and GGV Capital
Series A (2018): $9.3M supported by Bessemer Venture Partners, Hyde Park Venture Partners, High Alpha Capital, GGV Capital, and SV Angel
Other Financing Round (2018): $100K featuring Revolutions Rise of the Rest Seed Fund
Series B (2019): $22.5M backed by High Alpha, Bessemer Venture Partners, Slack Fund, Menlo Ventures, Revolution's Rise of the Rest Seed Fund, and Salesforce Ventures
Series C (2023): $36.5M with participation from MassMutual Ventures, Spring Lake Equity Partners, Bessemer Venture Partners, High Alpha, Baird Capital Group, and Menlo Ventures
Key Investors in Zylo
Spring Lake Equity Partners
Spring Lake Equity Partners is a Boston-based investment firm focused on private technology companies, aiming to partner with exceptional management teams to enhance business growth and create value. They invest between $5-$20 million in tech and tech-enabled services businesses with revenues of $5-$50 million, emphasizing high growth and efficient capital use.
Bessemer Venture Partners
Bessemer Venture Partners (Bessemer) is a venture capital firm with offices in San Francisco, Redwood City, New York City, Boston, Israel, and India. Established in 1911, it is headquartered in Menlo Park, California, and invests in early and growth-stage technology companies.
High Alpha
High Alpha is a venture firm that creates and funds B2B SaaS companies, partnering with founders to build businesses that reach their full potential. They invest in enterprise software companies and co-create with founders to explore, build, and scale together.
What's next for Zylo?
The substantial enterprise-level funding and recent strategic investment signal Zylo's readiness for accelerated growth and market penetration. This capital infusion is expected to fuel further innovation in its SaaS management platform, enhance its suite of spend optimization services, and expand its global reach. As Zylo continues to solidify its leadership in managing the complexities of enterprise SaaS, this backing will likely support strategic initiatives aimed at capturing a larger market share and deepening its value proposition for existing and new clients. The company's focus on providing 100% visibility and automated workflows positions it for continued success in an increasingly complex software procurement environment.
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