Pipe is a financing platform which gives SaaS companies access to the full annual value of their subscriptions, upfront.
Pipe was founded in 2019 by Harry Hurst, Josh Mangel, and Zain Allarakhia. The company is headquartered in Los Angeles, California, with offices in San Francisco and Phoenix.
Pipe offers non-dilutive financing to SaaS companies. Through an instant cash advance against the full annual value of software subscriptions, Pipe turns MRR (monthly recurring revenue) into ARR (annual recurring revenue).
Pipe's platform assesses customers’ key metrics by integrating with its accounting, billing, and subscription management systems – and makes an instant decision on whether the company qualifies for a PipeLine of finance. Facilities range from $10,000 per month to several million dollars per month for later-stage companies.
Pipe has raised $6M in a Seed round on Feb 25, 2020. The investment was led by Craft Ventures, with participation from Fika Ventures, MaC Ventures, Naval Ravikant, WorkLife Ventures, Liquid2 and The Weekend Fund.