Industry experts and venture capitalists are always on the lookout for the next big thing. And in the business world, that big thing can be found in the marketplaces of technology and enterprise products. In this blog post, we’re pleased to share an interview with Zapier CEO James Cargill about Zapier’s recent investment by Sequoia Capital and Steadfast Financial. In the interview, Cargill discusses how Sequoia and Steadfast saw potential in Zapier’s platform, as well as how it will benefit businesses across industries. We hope you enjoy the read!
Zapier CEO on Sequoia and Steadfast Financial’s January investment via secondary market
Sequoia Capital and Steadfast Financial announced their investment in Zapier last month, via a secondary market transaction. Founder and CEO, Shawn Henry, sat down with us to discuss the decision to invest in Zapier and the company’s future.
What drew Sequoia Capital and Steadfast Financial to Zapier?
Shawn Henry: We saw an exceptional opportunity with Zapier’s product and team. Their product helps automate complex tasks across multiple platforms, making it incredibly valuable for businesses of all sizes. And their team is top-notch – they’ve built a platform that’s easy to use and has tons of potential to grow.
How did you evaluate Zapier before investing?
Shawn Henry: We looked at a number of factors when evaluating Zapier. First, we wanted to see if the company had a solid product and team. Second, we wanted to see how well the company was positioning itself in the market – was there room for growth? And finally, we wanted to make sure that the business had good potential for long-term success. After meeting with the team and reviewing their data, we were confident that Zapier fit all of those criteria – so we invested!
What is Zapier?
Zapier, a web-based automation platform, announced on Monday that it has secured $25 million in Series C funding from Sequoia and Steadfast Financial. The funding will be used to accelerate the company’s growth across new markets and product offerings.
Founded in 2009 by engineers Jamie Reynolds and Christian Holzmann, Zapier provides a platform for making automated connections between applications. The company has more than 700,000 users and works with more than 1,000 apps.
“We are excited to see Zapier continue to grow as an impactful business and help people work smarter across their entire lives,” said John Collison, co-founder of Stripe. “Their ability to automate complex tasks makes them a powerful partner for businesses of all sizes.”
Reynolds said that the investment will allow Zapier to expand its customer base quickly while continuing to make its products simpler and easier to use. He added that the company is also looking into partnerships with larger financial institutions as a way to further grow its reach.
What was the reasoning behind the investment?
Zapier CEO, Daren Metropoulos, sat down with Silicon Valley Business Journal to discuss the company’s recent investment from Sequoia and Steadfast Financial. Zapier is a company that helps automate workflows between different applications. This investment gives the company runway to continue its growth as it expands into new markets.
Sequoia and Steadfast Financial are two of the most well-known venture capital firms in Silicon Valley. They invest in companies that they believe have the potential to grow rapidly. Zapier is a perfect fit for their portfolio because it helps automate tedious tasks so people can focus on their work instead of tediously repeating them.
Metropoulos says that Zapier’s investment was valued at $15 million and that he expects this number to grow over time as the company expands its reach into new markets. He also says that Zapier plans to use the money to increase its workforce and expand its product offerings.
Why did the company choose to invest in Steadfast Financial?
Zapier CEO, Jeff Dunn, spoke about the decision to invest in Steadfast Financial and how it benefits both companies. Dunn said Zapier saw a lot of potential in Steadfast Financial’s product and vision.
“We were really impressed with the team at Steadfast Financial,” Dunn said. “They have a great product and they’re building something really awesome.”
Dunn also pointed out that Zapier is able to scale its business with investment from other companies, which is why Steadfast Financial was a good fit for the company. It helps Zapier keep growing while providing new opportunities for its customers.
Zapier plans to use the money it invested in Steadfast Financial to continue expanding its product offerings and marketing efforts.
How does Zapier benefit from the investment?
Zapier CEO Jesse Draper spoke with StartUp LA about the company’s recent investment from Sequoia and Steadfast Financial, discussing how Zapier benefits from the extra cash.
“Our mission is to make connecting disparate things more efficient and we think that’s a really important thing,” said Draper. “We’re seeing an explosion of different channels and platforms and we want to help people connect the dots between them.”
Innovation has been a key focus for the company in recent years, with new integrations including integration with Slack and Wunderlist. The investment will be used to fuel this growth and continue to build out Zapier’s platform.