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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.

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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.

Read on crunchbase news

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.

Read on SF Business Times

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.

Read on pymnts.com

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.

READ on crunchbase news

Pipe, A B2B SaaS Financing Platform, Raises $6M From Craft Ventures To Help Growing Startups Avoid Dilution

Founders of rapidly-scaling software-as-a-service (SaaS) startups must always consider how they will finance their growth.

Read on forbes
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