Pipe Raises Strategic Financing Round from Shopify, Slack, HubSpot, Okta, Chamath Palihapitiya, Marc Benioff, Michael Dell, Raptor Group and Next47 to Give Companies Frictionless Access to Financing
Round Type
Post-IPO Equity
San FranciscoFinancial ServicesFinanceFintechInvestors
Description
Pipe, creators of the world's first trading platform for recurring revenues, today announced it has raised $50 million in strategic equity funding, with a minority portion of the round being allocated to secondary. Led by Jim Pallotta's Raptor Group and Siemens Next47, participants in Pipe's latest round of funding also include Shopify, Slack, HubSpot, Okta, Chamath Palihapitiya, Marc Benioff, Michael Dell's MSD Capital, Republic, Alexis Ohanian and Joe Lonsdale. The latest round of funding, which brings the total equity raised to $66 million, will be used to expand Pipe's global footprint and build upon the company's partnerships, including with its newest investors.
Quick answer
Pipe raised an undisclosed amount in a Post-IPO Equity round, dated March 9, 2021. Investors: Marc Benioff Family Office and MSD Capital. Pipe is based in San Francisco, California, United States.
- How much did Pipe raise?
- Pipe raised an undisclosed amount in a Post-IPO Equity round on March 9, 2021.
- Who invested in Pipe?
- Marc Benioff Family Office and MSD Capital are named as investors in this round.
- What does Pipe do?
- Pipe makes customer-friendly capital and smart financial tools accessible to growing businesses inside the software they use every day.
- Where is Pipe based and how big is it?
- Pipe is based in San Francisco, California, United States. Fundz records about 450 employees.
- Who are the decision-makers at Pipe?
- Fundz holds 2 contacts at Pipe, including the Cofounder. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Finance around the same time
Companies in the same sectors as Pipe that raised within 45 days of this round, from Fundz verified event records.
- Value Exchange International, Inc. raised an undisclosed amount on April 20, 2021.
- Cashfree, Inc. raised $35M on April 14, 2021.
- Fold raised $17M on April 7, 2021.
- Cred raised $215M (Series D) on April 6, 2021.
- Yayati raised $373K on April 1, 2021.
- Yayati raised $295K (Seed) on April 1, 2021.
Who to call at Pipe, and when
A new round usually means Pipe is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Pipe raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Pipe, from your own LinkedIn network
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Related People
Pipe raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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