This Pipe-ing hot startup just raised $50M to be the ‘Nasdaq for revenue’ – TechCrunch
A little over one year ago, Pipe raised a $6 million seed round led by Craft Ventures to help it pursue its mission of giving SaaS companies a funding alternative outside of equity or venture debt.
The 'Nasdaq' for trading recurring revenue gets backed by Benioff, Palihapitiya, Shopify
Pipe Technologies, the one-year-old platform for companies to trade monthly recurring revenue for upfront annual revenue from yield-seeking buy-side investors, announced a strategic financing round on Tuesday consisting of a who's who of individuals and companies to fuel the company's global expansion.
Pipe, a venue for companies to get cash up front for their subscription revenue, just raised $50 million from high-profile investors like Chamath Palihapitiya and Marc Benioff
Pipe has brought on a laundry list of high-profile investors, including Shopify, Slack, and Michael Dell's investment firm MSD Capital.
‘The Nasdaq For Revenue’ Startup Pipe Pulls In $50M Equity Round
Pipe, creator of a first trading platform for recurring revenue streams, brought in $50 million in strategic equity funding to expand.
Pipe raises $50 million to unlock revenue as an asset class
Investor line-up includes Next47, Raptor Group, Shopify, Slack, HubSpot, Chamath Palihapitiya, Marc Benioff, Alexis Ohanian and Joe Lonsdale
It's Not Debt, It's Better: an Interview with Harry Hurst of Pipe
Up until now, founders have only two things to sell as they raise capital to fund their business: they can sell equity, and take expensive dilution, or they can sell debt, and take on covenants and other handcuffs. Pipe creates a new asset class to sell: the software subscription.
WSJ: New Money
Pipe Technologies Inc., a financing platform for software-as-a-service companies, added $60 million in equity and asset financing as an extension to its seed round. Fin VC led the funding, which included new investors Tribe Capital, Uncorrelated Ventures and Anthemis, along with existing backers Craft Ventures, Fika Ventures and MaC Ventures. Pipe also appointed Michal Cieplinski as chief operating officer and chief legal officer. He was previously at LendingClub and Fundbox.
Pipe Brings In $60M Seed Extension To Power SaaS Financing Platform
SaaS subscriptions are a highly predictable source of recurring revenue, and Pipe helps SaaS companies turn their monthly or quarterly subscriptions into upfront cash flow, Hurst said. Its goal is to offer SaaS companies a way to grow without diluting their current cap table.
Platform offers new way to finance SaaS companies — without the equity dilution
To make this a reality Hurst, and co-founders Josh Mangel and Zain Allarakhia founded Pipe Technologies in 2019, and in February launched a platform where SaaS founders could sell quarterly or annual subscriptions to bankers looking for alternative high yield investments.
Wielding SaaS’s Revenue Predictability For Faster Financing
Speaking with PYMNTS, Hurst, explored the opportunity for FinTech to step in and connect SaaS companies to financing by treating their subscription contracts as an asset class that can be bought and sold — a strategy, he noted, that brings the value of cash flow predictability to financiers.
Pipe, A Financing Platform For SaaS Companies, Raises $6M Seed
Pipe has raised $6 million in seed funding led by Craft Ventures. Their goal is to offer SaaS companies a way to grow without diluting their current cap table.