Pipe, which aims to be the ‘Nasdaq for revenue,’ raises more money at a $2B valuation

Pipe, which aims to be the ‘Nasdaq for revenue,’ raises more money at a $2B valuation

3 years ago
Anonymous $hYN7Hy7o7J

https://techcrunch.com/2021/03/31/pipe-which-aims-to-be-the-nasdaq-for-revenue-raises-more-money-at-a-2b-valuation/

Fast-growing fintech Pipe has raised another round of funding at a $2 billion valuation, just weeks after raising $50M in growth funding, according to sources familiar with the deal.

Although the round is still ongoing, Pipe has reportedly raised $150 million in a “massively oversubscribed” round led by Baltimore, Md.-based Greenspring Associates. While the company has signed a term sheet, more money could still come in, according to the source. Both new and existing investors have participated in the fundraise.