Close Menu
  • News
  • Business
  • Technology
  • Games
  • Health
  • Sport
  • Travel
  • Contact Us
Facebook X (Twitter) Instagram
Tripgru
Facebook X (Twitter) Instagram
brijk9675@gmail.com
  • News
  • Business
  • Technology
  • Games
  • Health
  • Sport
  • Travel
  • Contact Us
Tripgru
Home » Miami USA-based Pipe Raised $50 Million in Equity Funding and is Ready to Expand its Business
Business

Miami USA-based Pipe Raised $50 Million in Equity Funding and is Ready to Expand its Business

tripgruBy tripgruAugust 17, 2022Updated:April 19, 2023No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Telegram Email
pipe-50m-saasazevedotechcrunch
Share
Facebook Twitter LinkedIn Pinterest Email

Pipe is the most developing companies in the field of investing announced that it had raised $50 million in “strategic equity funding.

The round was an interesting, suspenseful, and exciting one, led by Siemens’ Next47 and Jim Pallotta’s Raptor Group. It included participants from all over the world, and some famous names among them were: Shopify, Slack, HubSpot, Okta, Republic, Michael Dell’s MSD Capital, Marc Benioff, Social Capital’s Chamath Palohapitiya, and Joe Lonsdale. 

Harry Hurst, the Pipe’s Co-CEO and Co-Founder, says that “we are not here to play an alphabet game, nor do we ever want to play it.” We are not here for money either. We’ve put in five or six years of hard work, time, and effort to bring the right people on board as supporting partners. 

Now, the company is deciding to use this fund to represent itself on a global stage. The company has access to Europe, Asia-Pacific, Latin America, and Canada, and now it will reach new places where it was not established before. Hurst said that “We are not targeting the globe; we are targeting multi-currency support.” 

In relation to the new financing strategy, Pipe said that “the company is expanding the scope and reach of its platform from SaaS companies to any company that consists of a recurring revenue stream, such as D2C subscription companies, ISPs’ streaming services, or telecommunication companies that require our services and support.” 

On this, Hurst added, “When we were new to the market, our only focus was to target SaaS companies.” We successfully targeted them, and over 3000 companies signed contracts with us to use our platform and enjoy its services.

All of those companies were highly engaged with our platform and generated a revenue of $200,000. But now, we are ready to welcome other companies as well. 

Approximately one year ago, Pipe raised $6 million in funding to work towards its aim of providing Saas companies a funding alternative apart from equity or venture capital.

At that time, the main motive of Pipe was to build a platform for SaaS companies where they would find a way to put their revenue into a marketplace where the annual rate of contracts is given at a discount. A few months after this funding, the pipeline raised another funding amount of $10 million.

At that time, Hurst said that “our company is helping SaaS companies to grow on their own, and we are just charging them for a platform that connects them with the right trading partners.”

Also Read About – Aiven Raised $100 M In Series C Funding

Also, Read the following:

In new financing, General Atlantic attributes media tech Amagi at $1.4 billion.

The Best Consumer Research Tools to use for Marketing

pipe 50m saasazevedotechcrunch pipe 50m series saasazevedotechcrunch
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
tripgru
  • Website

Related Posts

Can I Open a Demat Account Online?

February 22, 2024

Saying Goodbye to Unwanted Trees: Exploring the Benefits of Professional Tree Removal Services

January 3, 2024

Mastering Precision: Exploring the World of Online Grammar Correction Tools

December 13, 2023

3 Aspects of Shipping to Consider

November 22, 2023

Navigating the World of Captive Insurance Management Companies

November 7, 2023

The Role of Bitcoin ATMs in the Financial Revolution

November 7, 2023
Add A Comment

Comments are closed.

Trending Post

Selecting the Ideal Human Hair Wig for Your Climate

July 24, 2024

8 Tips For Hiring The Best Swimming Pool Construction Services

April 18, 2024

Can I Open a Demat Account Online?

February 22, 2024

Saying Goodbye to Unwanted Trees: Exploring the Benefits of Professional Tree Removal Services

January 3, 2024

Movies platform: What makes India run movies well?

December 19, 2023
About

For any quarry contact us at: brijk9675@gmail.com

Recent Posts
  • Selecting the Ideal Human Hair Wig for Your Climate
  • 8 Tips For Hiring The Best Swimming Pool Construction Services
  • Can I Open a Demat Account Online?
  • Saying Goodbye to Unwanted Trees: Exploring the Benefits of Professional Tree Removal Services
  • Movies platform: What makes India run movies well?

Selecting the Ideal Human Hair Wig for Your Climate

July 24, 2024

8 Tips For Hiring The Best Swimming Pool Construction Services

April 18, 2024

Can I Open a Demat Account Online?

February 22, 2024
Facebook X (Twitter) Instagram Pinterest
© 2025 tripgru.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.