Sequoia Buys Shares in Elusive Startup Zapier at Multibillion-Dollar Valuation

Zapier is not a household name outside of Silicon Valley, but the World’s top venture capitalists have been trying to own a piece of the booming Enterprise Software Firm.

The problem faced by Investors was that Zapier, which produces software to automes personal computing tasks, did not need their money. It raised 1.3$ billion in seed equity funding early last decade, and has operated profitably for the much of the last six years.

Recently, however, storied venture Firm, Sequoia Capital, found a way into Zapier by buying shares from Zapier Founders in the Secondary Market, where Investors purchase private stock from existing shareholders, according to a source with knowledge of the deal.

The sale was done at a Valuation that appears to have surpassed $4billion, which would be at least 40 times its annualized revenue, according to new information released by one of its earlier Investors.