Investment fintech Pipe rakes in $250m from oversubscribed venture round
Pipe, a fintech which connects investors to companies seeking capital, has raised $250 million at a valuation of $2 billion.
Greenspring Associates led the round, which included participation from new investors Morgan Stanley’s Counterpoint Global, CreditEase FinTech Investment Fund.
It pushes Miami-based Pipe into unicorn territory and arrives just two months after the firm nabbed $50 million from a range of investors.
Founded in August 2019, Pipe has raised $316 million in total funding.
It claims that more than 4,000 firms have signed on to its platform since its public launch in June 2020.
According to TechCrunch, tradable annual recurring revenue (ARR) on the Pipe platform is in excess of $1 billion and trending toward $2 billion.