Pipe, world’s first trading platform to help founders access the capital they need to grow on their terms is one of the 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 Palihapitiya, and Joe Lonsdale. Pipe’s vision is been represented by its brands tagline “For founders, by founders”
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.”
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FAQs about Pipe & its Services
A1. Pipe is a Trading platform which facilitates the conversion of revenue into immediate cash flow for businesses.
That implies more money coming in so that businesses can expand without taking on too much debt or diluting ownership. (Pipe, however, can be used in conjunction with other forms of financing, such as loans or stock, without any problems.)
Pipe opens up a new market for investors by providing them with predictable income streams that come with built-in diversification.
Pipe is growth on your terms, whether you’re an entrepreneur or an investment.
A2. If your business has recurring revenue or issues bills on net terms, signing up for Pipe is a breeze. Once you’ve connected your existing systems, you’ll receive approval to begin trading within hours.
Once everything has been checked through, you’ll be able to start trading off your portfolio of contracts and bills for clients. The annualised value of these contracts purchased by institutional investors will also be displayed. Your trading capital, in the amount you specify, will be deposited into your account the following business day.
The importance of Pipe is the first global revenue trading platform available to institutional investors. Check out this educational resource on Pipe aimed at potential financiers.
A3. Yes, if you want to expand and you have regular customers or invoices paid over time. Pipe caters to businesses of various sizes, from privately funded startups to Fortune 500 corporations.
Many other types of organisations, including those in the software as a service, direct-to-consumer subscription, service, media, and entertainment industries, and more, have used our platform.
Pipe’s straightforward sign-up process takes just a few minutes and is the easiest way to see what it can accomplish for your company. Joining Pipe is free, and membership carries no stipulation that you make a purchase or sale.
A4. Yes! They are able to collaborate with you if you have a branch in the United States or the United Kingdom. Go through the registration procedure to see if your business is eligible to use Pipe. If you don’t qualify right now, don’t worry; we’ll let you know as soon as we roll out to your country.
A5. No. Pipe allows you to continue serving your customers without any interruptions. You keep billing them, they keep paying you, and you settle the deal through Pipe. We function like a silent partner in your company’s expansion, and your clients will never suspect our presence.