ZenBusiness Raises $200 Million in Series C Funding

ZenBusiness has announced that it raised nearly $200 million in a Series C funding round, valuing the company at $1.7 billion. The funding round was led by Oak HC/FT, backed by SoftBank Vision Fund 2, and existing investors Cathay Innovation and Greycroft.

Launch and grow your dream business with ZenBusiness

The move makes ZenBusiness the largest SaaS funding round in Austin this year. According to the company, the latest round of funding will allow ZenBusiness to invest in products that help drive customer growth and drive ongoing success. This includes the ZenBusiness app that centralizes all services in one easy-to-use dashboard.

The app is expected to provide users with step-by-step instructions for mastering business ownership, from how to form your LLC and create a website, to personalized recommendations on how to take your business to the next level.

ZenBusiness will add more features for customers

The company also announced that it would accelerate its integrated fintech technology capabilities through new product features that help customers manage their finances, including creating a personalized and guided path to get each customer to their first dollar. ‘income faster.

Through the revamped offering, customers will have an integrated platform to manage all their finance-related organizational needs. They can also connect their bank account, automatically categorize expenses with AI, and send invoices, all at no cost. In addition, users will be able to collect payments through invoices or through e-commerce sites and file their taxes through software or a CPA.

“Like Shopify did for e-commerce, ZenBusiness is creating the category-defining solution for the service industry, providing an easy-to-use platform with integrated fintech solutions for entrepreneurs to turn their ideas into money-making realities . We take care of the ‘business stuff’ so our clients can focus on their passion and build the life they want, stress-free and without sacrificing their well-being,” said Ross Buhrdorf, founder and CEO of ZenBusiness.

In addition to the funding news, ZenBusiness has announced that billionaire investor Mark Cuban will join the company as a passionate advocate and spokesperson to accelerate the company’s transformation into a trusted and loved brand for entrepreneurs. Known worldwide as one of the sharpest minds in business, Cuban will work with ZenBusiness to make the brand a household name synonymous with entrepreneurial success.

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Image: zenbusiness

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