Pipe Closes $250 Million Investment Led By Greenspring Associates Ten Months After Public Launch
05/19/21, 1:18 PM
Location
miamiMoney raised
$250 million
Pipe, creators of the world's first trading platform for recurring revenues, today announced it has raised $250 million in strategic equity funding. The company is now valued at $2 billion in just under a year since its public launch, making it the fastest fintech to reach this valuation in history. The round was led by Greenspring Associates, and included new investors Counterpoint Global (Morgan Stanley), CreditEase FinTech Investment Fund, SBI Investment, 3L, Sound Ventures and Guy Oseary, with participation from existing investors such as Fin VC, Next47, Marc Benioff's TIME Ventures, Alexis Ohanian's Seven Seven Six, MaC Ventures, Republic, and more. Pipe's trading platform has seen rapid adoption beyond their initial launch vertical of SaaS to all companies with recurring revenue streams looking to fund their growth without debt or dilution.
Company Info
Location
miami, florida, united states
Additional Info
Pipe is a trading platform that enables entrepreneurs to grow their businesses on their terms. By treating recurring revenue streams as an asset, Pipe allows companies to transform their recurring revenue into upfront capital, instantly. For entrepreneurs, that means more cash flow for scaling their business without debt or dilution. For investors, Pipe has unlocked the largest untapped asset class, revenue. Whether you're an entrepreneur or an investor - Pipe is growth on your terms. To learn more visit www.pipe.com or follow us on Twitter @pipe.