ZenBusiness to propel the future of US entrepreneurism following funding

ZenBusiness, the platform that strives to empower entrepreneurs, has secured $200m in Series C funding led by Oak HC/FT and SoftBank.

The funding round, which saw ZenBusiness become the latest unicorn in Texas at a $1.7bn valuation, also had backing from SoftBank Vision Fund 2, and existing investors Cathay Innovation and Greycroft.

ZenBusiness provides innovative tools, FinTech services and educational resources to support small businesses. The company’s mission is to make it easier for entrepreneurs, gig workers, online sellers, real estate investors, artists and freelancers to turn their business ideas into reality.

Following the funding, ZenBusiness said it will continue to invest in its products, including the ZenBusiness app, which centralises all services in one easy-to-use dashboard. The app, according to ZenBusiness, providers users with step-by-step directions to master business ownership, from how to form your LLC and create a website, to customised recommendations on how to take your business to the next level.

The pandemic may have given way to a new generation of entrepreneurs. A ZenBusiness survey revealed that of those who filed their business since the beginning of the pandemic, half said the pandemic gave them the inspiration they needed to start their business.

In addition to the funding, ZenBusiness announced that Mark Cuban, billionaire investor and entrepreneur will be joining the company as a passionate advocate and spokesperson.

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