Wednesday, October 16, 2024
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Pipe: Raises $50 million in equity financing

  • Pipe, creators of the world’s first trading platform for recurring revenues
  • Announced it raised $50 million in strategic equity funding, with a minority portion of the round allocated to secondary
  • Led by Jim Pallotta’s Raptor Group and Siemens Next47, participants in Pipe’s latest round of funding also include Shopify
  • The latest round of funding brings the total equity raised to $66 million used to expand Pipe’s global footprint
  • Pipe represents a significant innovation in the alternative financing space and transforming how companies access growth capital
  • Through its trading platform, Pipe provides direct access to the capital markets for companies of all sizes

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