A mission was set up By Pipe to help SaaS companies to accumulate funding which was led by Craft Ventures, getting the SaaS companies paired with investors was the major goal of this startup; these investors would be the one who pays a discounted rate for the annual value on a marketplace.
Pipe has now with the high profile investors like Siemens’ Next47 and Shopify, a funding of $50 million has been raised by Pipe recently. After a raise of $6 million Pipe accumulated funding of $ 10 million in a few months which was considered an extension to that round.
In order to further its goal of providing SaaS startups with a funding option other than equity or venture loans, Pipe received $6 million in a seed round that was co-led by Craft Ventures a little more than a year ago. as per azevedotechcrunch
With the help of pipe saas 50m now the startups do not have to take a loan or funding from VCs, the companies now can get advance on a fixed revenue. Pipe accumulates the funding for such projects or companies and helps SaaS companies get paired with investors. Pipe tries to reduce the risk of selling ‘future revenue’ to the institutional financiers which is not simply considered a debt, imagine getting a salary without even performing the duty of your job.
Recurring revenues, the first trading platform was developed by Pipe, this was done for the purpose of supporting the expansion as well as accelerating the growth of the SaaS company. heavy-hitting tech veterans have been hired by the Pipe from B2B and Stripe.
US-based companies are adopting this Pipe platform very rapidly. This is because these companies want to grow without any debt. At this time over thousands of companies have joined the startup of Pipe Trading Platform even non-SaaS companies are also joining the platform for better growth and development.
Pipe has become a great opportunity for US-based companies to get themselves free from high debts and dilution.
Entrepreneurs want to grow their business on their own terms and conditions but because of loans and debts they stop themselves but Pipe trading platform is giving these entrepreneurs the to grow their business as they want. The recurring revenue is converted to upfront capital by this trading platform in almost no time. This helps the entrepreneurs to scale their business with more cash flow.