Pipe (company)

Pipe (company)

Pipe is a financing platform for SaaS companies based in Los Angeles.

Pipe is a Los Angeles, California-based financing platform for SaaS companies. Founded in 2019 by Harry Hurst, Josh Mangel, and Zain Allarakhia, Pipe launched its SaaS platform in February 2020. The company's platform claims to offer SaaS companies a debt free alternative to acquire growth capital. It also allows company's who use the platform to offer customer's monthly or quarterly subscriptions rather than the annual pre-paid subscriptions many early stage SaaS companies require in order to gain financing. The company currently works with US-based companies, and foreign companies with a US-based subsidiary.

In June 2020, Pipe announced it had secured $60 million in seed funding. Pipe's seed funding round was led by Fin VC. It also received investments from Tribe Capital, Uncorrelated Ventures, Lachy Groom, Anthemis, and existing investors Craft Ventures, Fika Ventures, and MaC Ventures.

Platform

Pipe's financing platform is subscription based and allows SaaS companies to obtain instant liquidity on their subscription contracts. The platform is designed as a debt free an alternative to equity financing. The platform integrates with a user's existing billing platform to track subscriptions. It then generates capital payout offers based on the annual value of a company's subscriptions. Users are granted instant capital payouts based on the data the platform collects from a user's subscription billing data.

Timeline

February 2020
Pipe launches their SaaS financing platform

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Pipe (company) Seed round, February 2020
6,000,000
February 25, 2020
3 Results
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People

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Further reading

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Documentaries, videos and podcasts

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Companies

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News

Title
Author
Date
Publisher
Description
Adit Ventures
January 11, 2021
www.prnewswire.com:443
/PRNewswire/ -- SoFi, A Leading Next-Generation Financial Services Platform, Announces Plans to Become Publicly-traded via Merger with Social Capital...
Celularity
January 8, 2021
www.prnewswire.com:443
/PRNewswire/ -- Celularity Inc. ("Celularity"), a clinical-stage biotechnology company, leading the next evolution in cellular medicine with the development of...
Dakin Campbell, Jack Newsham and Alex Morrell
December 22, 2020
Business Insider
An ecosystem of advisers, salespeople, and lawyers are driving seismic change in blank-check investing. We tracked down the key players.
Canoo
December 21, 2020
www.prnewswire.com:443
/PRNewswire/ -- Canoo Holdings Ltd. ("Canoo"), a company developing breakthrough electric vehicles ("EV") with a proprietary and highly versatile EV platform...
Berber Jin
December 21, 2020
Business Insider
CEO Harry Hurst and CFO Michal Cieplinski say they're enamored with Miami's cosmopolitanism, cheap office spaces, and its pro-business mayor.
Butterfly Network
November 20, 2020
www.prnewswire.com:443
- Butterfly Network's mission is to enable universal access to superior medical imaging, making high quality ultrasound affordable, easy-to-use, globally...
Samantha Hurst
June 24, 2020
Crowdfund Insider
Click HERE to find out ⭐ Pipe Secures $60 Million Through Seed Funding Round to Accelerate SaaS Subscription Financing Platform. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.

References

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