Estimated reading time: 0 minutes, 29 seconds

Pipe, Which Aims to Be 'Nasdaq for Revenue,' Now Valued at $2B

Pipe raised $250 million in a recent funding round and now boasts a $2 billion valuation, says the company’s co-CEO and founder. So reports TechCrunch.

dollar 2891817 640smallPipe aims to provide companies that have recurring revenue streams “access to capital so they don’t dilute their ownership by accepting external capital or get forced to take out loans,” according to the article. The latest round was spearheaded by Greenspring Associates, and it also included participation from Counterpoint Global, CreditEase FinTech Investment Fund, 3L, Fin VC, SBI Investment and other investors that participated in previous rounds.

Read the full article from Tech Crunch.

Read 134 times
Rate this item
(0 votes)

Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.