What is Zylo?
Zylo operates at the intersection of financial operations and IT management, providing a comprehensive platform that offers 100% visibility into an organization's SaaS footprint. By managing over 30 million licenses and $30 billion in software spend, the company empowers industry leaders such as Adobe, Salesforce, and Slack to mitigate risk, optimize procurement, and drive employee software adoption. The platform serves as a critical infrastructure layer for modern enterprises, transforming fragmented software usage into actionable insights and automated workflows that directly impact the bottom line.
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, GGV Capital, and SV Angel
Series A (2018): $9.3M supported by SV Angel, GGV Capital, High Alpha Capital, Hyde Park Venture Partners, and Bessemer Venture Partners
Other Financing Round (2018): $100K featuring Revolutions Rise of the Rest Seed Fund
Series B (2019): $22.5M backed by Revolution's Rise of the Rest Seed Fund, Salesforce Ventures, Slack Fund, Menlo Ventures, High Alpha, and Bessemer Venture Partners
Series C (2023): $36.5M with participation from Bessemer Venture Partners, Menlo Ventures, MassMutual Ventures, High Alpha, Baird Capital Group, and Spring Lake Equity Partners
Key Investors in Zylo
Bessemer Venture Partners
A storied venture capital firm with a global presence, Bessemer specializes in early and growth-stage investments across the enterprise software and technology sectors.
Menlo Ventures
A Menlo Park-based firm that partners with founders to scale technology companies, focusing on enterprise software, fintech, and infrastructure.
High Alpha
A venture studio and investment firm dedicated to building and funding B2B SaaS companies, providing deep operational expertise to help businesses reach their full potential.
What's next for Zylo?
Following this major strategic investment, Zylo is poised to deepen its product capabilities and expand its footprint within the enterprise sector. The company's roadmap focuses on enhancing its spend optimization services and refining its automated negotiation workflows to deliver even greater value to its global client base. As organizations continue to grapple with the complexities of digital transformation, Zylo's unique position as a data-rich, enterprise-proven solution provider suggests a trajectory of sustained growth and continued leadership in the SaaS management category.
See full Zylo company page
