Pipe was founded in 2019 by Harry Hurst, Josh Mangel, and Zain Allarakhia. The company has not publicly endorsed plans to participate in an IPO.
Pipe is an alternative financing company that seeks to offer founders opportunities to grow their businesses without diluting ownership interests or taking on restrictive debt. The company acquired Purely Capital in 2022, a UK-based alternative financing company. Pipe has raised more than $300 million in venture capital funding from investors including Greenspring Associates, Counterpoint Global, Fin VC, 3L, SBI Investment, and Marc Benioff. The company announced a $2 billion valuation after raising $250 million in fresh capital in 2021.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
05/19/2021 | Series 1.4 | $10MM | $xx.xx | $2.07B | Greenspring Associates, Counterpoint Global, CreditEase FinTech Investment Fund, SBI Investment, 3L, Sound Ventures, Guy Oseary, Fin VC, Next47, TIME Ventures, Seven Seven Six, MaC Ventures, Republic | |
Price per Share
$xx.xx
Shares Outstanding
170,937
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Greenspring Associates, Counterpoint Global, CreditEase FinTech Investment Fund, SBI Investment, 3L, Sound Ventures, Guy Oseary, Fin VC, Next47, TIME Ventures, Seven Seven Six, MaC Ventures, Republic
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05/19/2021 | Series 1.3 | $244.93MM | $xx.xx | $2.07B | Greenspring Associates, Counterpoint Global, CreditEase FinTech Investment Fund, SBI Investment, 3L, Sound Ventures, Guy Oseary, Fin VC, Next47, TIME Ventures, Seven Seven Six, MaC Ventures, Republic | |
Price per Share
$xx.xx
Shares Outstanding
3,600,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Greenspring Associates, Counterpoint Global, CreditEase FinTech Investment Fund, SBI Investment, 3L, Sound Ventures, Guy Oseary, Fin VC, Next47, TIME Ventures, Seven Seven Six, MaC Ventures, Republic
|
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06/24/2020 | Series 1.2 | $9.58MM | $xx.xx | $237.73MM | Fin VC, Tribe Capital, Uncorrelated Ventures, Lachy Groom, Anthemis, Craft Ventures, Fika Ventures, MaC Ventures | |
Price per Share
$xx.xx
Shares Outstanding
2,188,176
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Fin VC, Tribe Capital, Uncorrelated Ventures, Lachy Groom, Anthemis, Craft Ventures, Fika Ventures, MaC Ventures
|
||||||
06/24/2020 | Series 1.1 | $4.77MM | $xx.xx | $237.73MM | Fin VC, Tribe Capital, Uncorrelated Ventures, Lachy Groom, Anthemis, Craft Ventures, Fika Ventures, MaC Ventures | |
Price per Share
$xx.xx
Shares Outstanding
5,903,454
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Fin VC, Tribe Capital, Uncorrelated Ventures, Lachy Groom, Anthemis, Craft Ventures, Fika Ventures, MaC Ventures
|
||||||
06/24/2020 | Series 1.0 | $45MM | $xx.xx | $237.73MM | Fin VC, Tribe Capital, Uncorrelated Ventures, Lachy Groom, Anthemis, Craft Ventures, Fika Ventures, MaC Ventures | |
Price per Share
$xx.xx
Shares Outstanding
5,874,979
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Fin VC, Tribe Capital, Uncorrelated Ventures, Lachy Groom, Anthemis, Craft Ventures, Fika Ventures, MaC Ventures
|