Wednesday, June 24, 2020

Pipe Picks Up $60M For SaaS Financing

Los Angeles-based Pipe Technologies, which is developing a subscription financing platform to help software companies finance their businesses without debt or dilution, has raised $60M in a funding round, the company said on Wednesday. The company said the equity and asset financing is an extension of its seed funding round, and was led by Fin VC, and also included new investors Tribe Capital, Uncorrelated Ventures, Lachy Groom, Anthemis, along with prior investors Craft Ventures, Fika Ventures, and MaC Ventures. The company said the new funding will go towards growth and expansion of its operations into new markets. Pipe was founded in September 2019 by Harry Hurst, Josh Mangel, and Zain Allarakhia.

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