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
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
03/09/21, 2:09 PM
Location
miamiPipe, 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.
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.