Venture Capital News: ZenBusiness Closes $55M Series B
AUSTIN, TX, ZenBusiness has announced the close of a $55 million Series B funding round.
ZenBusiness, which provides a one-stop-shop for budding entrepreneurs to start, run, and grow their own successful micro businesses, today announced the close of a $55 million Series B funding round. The round, led by global venture fund Cathay Innovation, will enable ZenBusiness to invest in its customers by offering an expanded suite of world-class services and an innovative all-inclusive digital platform that makes creating, building and running a business simple.
Other participants in the Series B round, which included $55 million in equity, were GreatPoint Ventures, Breyer Capital, and Omega Venture Partners. Existing investors who took part include Greycroft (led Series A), Lerer Hippeau Ventures (led Series Seed), Interlock Partners, Adam Zeplain's mark vc, and ATX Venture Partners.
ZenBusiness, a Public Benefit Corporation, is a one-stop digital platform with the mission to make starting, running and growing a new business simple and accessible. Empowering the new generation of entrepreneurs, ZenBusiness provides innovative technology and world-class educational resources to support millions of micro businesses on their journey to success -- all at an affordable and clear price. By giving small businesses what they need -- worry-free services, frontline support and an all-inclusive platform -- ZenBusiness makes taking the leap towards building a better life as simple as possible, allowing business owners to achieve a state of zen. Founded in 2017, ZenBusiness is based in Austin, Texas. Visit www.ZenBusiness.com and follow @zenbusinessPBC for more information.
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