Pipe Closes $250 Million Investment Led By Greenspring Associates Ten Months After Public Launch
Amount Raised
$250 Million
Description
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.