# Zebit

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zebit

- Industry: Internet
- Headquarters: San Diego, US
- Website: www.zebit.com
- Total disclosed funding: $15M
- Latest round: Series B (Dec 12, 2016)
- Investors on record: 5

## About

Based in California, US and founded in 2015, Zebit, Inc. operates as a Buy-Now-Pay-Later (BNPL) platform company that offers consumers a wide range of products and brands that can be paid in over six months with zero interest, late fees, or other penalties. The company is backed by investors including Correlation Ventures, Crosslink Capital, Leapfrog Ventures, Ulu Ventures, and Wildcat Ventures. It was listed on the Australian Stock Exchange (ASX) in October 2020 and was co-founded by Marc Schneider and Michael Thiemann.

Zebit's range of products includes electronics, home & decor, kitchen & dining, fashion, jewelry, kid & baby, and e-certificates.

Zebit sources goods at wholesale prices and sells them at retail prices.

The company expected to expand its market reach in the US and reopen its physical stores. The proceeds of the initial public offering will be used to scale the business, add next-generation enhancement to Zebit's bespoke eCommerce and credit platform, hire additional senior roles and explore some natural adjacent revenue growth initiatives.

## Funding rounds

- Series B, Dec 12, 2016, $5.1M — Crosslink Capital, Leapfrog Ventures, Ulu Ventures, Wildcat Venture Partners
- Series A, Oct 26, 2015, $10M — Crosslink Capital, Leapfrog Ventures, Correlation Ventures, Wildcat Venture Partners

## Investors

- Crosslink Capital (https://capitalatlas.ai/funds/crosslink-capital) — Series A, Series B
- Leapfrog Ventures (https://capitalatlas.ai/funds/leapfrog-ventures) — Series A, Series B
- Correlation Ventures (https://capitalatlas.ai/funds/correlation-ventures) — Series A
- Wildcat Venture Partners (https://capitalatlas.ai/funds/wildcat-venture-partners) — Series A, Series B
- Ulu Ventures (https://capitalatlas.ai/funds/ulu-ventures) — Series B