AI Procurement leader moves into prime Financial District location as demand from Canadian enterprises drives need for expanded sales and engineering teams

TORONTO & SAN FRANCISCO--(BUSINESS WIRE)--

Zip, the world’s leading agentic procurement orchestration platform, today announced the opening of its new Toronto headquarters at 123 Front Street in the city’s Financial District. The significantly expanded space, four times larger than its previous Toronto office, strengthens Zip’s position as a major employer in Toronto’s technology sector as the company plans to nearly triple its local workforce by early 2026.

The new office, located directly across from Union Station in the heart of Toronto’s financial core, places Zip alongside leading technology companies including Snowflake, LinkedIn, Robinhood, Clio, IBM, Amazon, Apple, and Microsoft. The expansion comes as Zip experiences explosive growth in both the international and Canadian market, with major Canadian enterprises including CIBC, Hootsuite, and Stackadapt adopting the platform. The company recently secured a $190 million Series D at a $2.2 billion valuation.

“What makes Zip unique as a Series D company is our intentional approach to developing talent,” said Zip cofounder and CEO Rujul Zaparde. “We’ve discovered such incredible sales talent in Toronto who have had remarkable career trajectories at Zip, advancing from business development roles into key account executive positions. Now, we’re incredibly thrilled to be bringing all our Toronto teams under one roof for the first time to foster even stronger collaboration and mentorship.”

Toronto represents Zip’s second-largest office globally after San Francisco, underscoring Canada’s strategic importance to the company’s growth plans. The expansion focuses on three key areas:

Early-career sales development: Building on Zip’s success in developing business development representatives who have advanced into key sales roles

Commercial account executives: Supporting Zip’s rapidly growing mid-market segment

Engineering talent: Establishing a new technical hub with 20 engineers already hired, targeting recent graduates and professionals in their first three years post-university

The new office features contemporary design with natural materials, height-adjustable workstations and expanded meeting spaces. For the first time, all Toronto-based teams will work from a single location, enhancing mentorship opportunities and team cohesion.

“Toronto represents a massive opportunity for us to build something special, not just with an expanding sales team but with our second major engineering hub too,” added Lu Cheng, Zip cofounder and CTO. “We’re targeting exceptional early-career engineers from places like the University of Waterloo and giving them what matters most: direct mentorship from senior engineers who will be on the ground with them. Our goal is to make Zip a cornerstone of Toronto’s tech ecosystem and the place where exceptional graduates want to start their careers because they know they’ll be set up for long-term success.”

Zip’s Canadian operations have already made significant contributions to the company’s growth, with the Toronto team playing key roles in securing major Canadian enterprises. Canadian employee count has grown 250% year-over-year, while the company is actively hiring across sales and engineering roles – with positions ranging from business development representatives to account executives and software engineers. Interested candidates can view open positions at ziphq.com/careers.

About Zip

Zip is the world’s leading agentic procurement orchestration platform, empowering businesses to accelerate the procurement process, mitigate risk, and drive growth by offering a single front door to unify the teams, tasks, and tools involved in working with suppliers. With Zip, businesses can maximize employee adoption of purchasing policies and increase spend visibility and control. As the leading solution for optimizing business spend, Zip’s AI-powered platform is trusted by hundreds of leading enterprises worldwide, including AMD, Anthropic, Coinbase, Discover, Dollar Tree, HP, Instacart, Invesco, Lyft, Northwestern Mutual, Prudential, Reddit, Sephora, and Snowflake to maximize the ROI of every dollar. To learn more, visit ziphq.com.

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Source: Zip