---
title: 'Secondary stock sale to Sequoia values Zapier at more than $4 billion'
date: '2021-01-15T09:00:18-08:00'
type: post
word_count: 237
char_count: 1590
tokens: 309
categories:
  - Oregon
  - Portland
  - Startups
  - Venture
  - VentureCapital
tags:
  - API
  - 'low code'
  - 'no code'
  - Remote
  - Sequoia
  - 'venture capital'
  - zapier
---

# Secondary stock sale to Sequoia values Zapier at more than $4 billion

There are any number of startups that aren’t headquartered here, but that have a bunch of employees here, either remote or through a regional office. One of those companies is [Zapier](https://zapier.com/), the popular Low Code/No Code service that lets you automate online tasks by tying disparate APIs together. More than 30 Portland area folks currently work there. So when I saw the news about [Zapier’s founders selling shares to Sequoia](https://www.theinformation.com/articles/sequoia-buys-shares-in-elusive-startup-zapier-at-multibillion-dollar-valuation), it piqued my interest.

The secondary offering sale would value Zapier at more than $4 billion, about “at least 40 times its annualized revenue.” Which is especially interesting, given that the company has raised around $1 million in venture capital. Total. One and done.

> Unlike most startups in Silicon Valley, Zapier effectively bootstrapped itself to profitability, with Foster insisting its success shouldn’t rely on venture capital. “We feel like we determine our runway versus \[building\] on borrowed time,” Foster told First Round Capital in an [interview](https://firstround.com/review/how-zapier-pulled-off-its-one-and-done-approach-to-fundraising/) in 2017.

[The Information](https://www.theinformation.com/) broke the news. Their content is behind a paywall. But if you’re one of the first few people to read this, [you can get free access for 30 days to read the full story](https://thein.fo/r/06045bb9e2c56dd6).

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\[kofi\]