Trending News

Blog Post


Pipe raises $250 million in funding at $2 billion valuation By Reuters 

© Reuters.

(Reuters) -Pipe, a startup that lets firms promote their recurring income streams on its platform, mentioned on Wednesday it had raised $250 million at a valuation of $2 billion.

The most recent funding spherical was led by enterprise capital agency Greenspring Associates and included new traders reminiscent of Morgan Stanley (NYSE:)’s funding arm Counterpoint World, SBI Funding and CreditEase FinTech Funding Fund.

Dubbed the “NASDAQ for income,” Miami, Florida-based Pipe operates a buying and selling platform that connects traders with firms looking for to boost capital with out dilution. It was based in 2019 by Harry Hurst, Josh Mangel and Zain Allarakhia.

Greater than 4,000 firms have signed up on the corporate’s buying and selling platform since its June 2020 launch.

Pipe’s newest funding spherical was oversubscribed by $100 million, with current traders reminiscent of (NYSE:) Chief Govt Officer Marc Benioff’s funding fund TIME Ventures and Reddit co-founder Alexis Ohanian’s enterprise capital agency Seven Seven Six additionally participating within the increase.

The corporate mentioned it deliberate to make use of the funding to bolster its platform and develop its product providing.

Disclaimer: Fusion Media wish to remind you that the information contained on this web site isn’t essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs usually are not supplied by exchanges however relatively by market makers, and so costs is probably not correct and will differ from the precise market value, that means costs are indicative and never applicable for buying and selling functions. Subsequently Fusion Media doesn`t bear any accountability for any buying and selling losses you may incur on account of utilizing this knowledge.

Fusion Media or anybody concerned with Fusion Media is not going to settle for any legal responsibility for loss or harm on account of reliance on the data together with knowledge, quotes, charts and purchase/promote alerts contained inside this web site. Please be absolutely knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is without doubt one of the riskiest funding kinds potential.

Supply hyperlink

Related posts

Leave a Reply

Required fields are marked *