Pipe Technologies is a fintech that is reimagining how SaaS companies are funded and grow with our non-dilutive subscription financing platform. It gives SaaS companies access to the full annual value of their subscriptions, upfront.
The company raised $60M in equity and asset financing as an extension to its Seed round. The round was led by Fin VC with participation from new investors Tribe Capital, Uncorrelated Ventures, Lachy Groom, Anthemis, and existing investors Craft Ventures, Fika Ventures, and MaC Ventures. The company previously raised $6M, brining the total amount raised by the company to $66M to date.
Pipe's subscription financing platform transforms the fundamental economics of the global SaaS industry by enabling SaaS companies to obtain instant liquidity on their subscription contracts as an alternative to costly and dilutive equity financing.
Pipe officially unveiled its subscription financing platform, the most cost-efficient way for SaaS companies to access capital. By treating subscriptions as a new asset class, Pipe creates an opportunity for cloud and SaaS software companies to convert their monthly or quarterly subscriptions to their full annual value in cash, up-front. Pipe's platform creates a market between the two sides and handles all of the servicing, giving SaaS companies instant access to capital at the most competitive market-clearing price. Most importantly, Pipe integrates deeply with the SaaS companies' own ERP and subscription management software, allowing them to finance their subscription assets seamlessly and instantly.