Pipe Raises $6M to Launch New SaaS Financing Platform

Pipe, a new financing platform for SaaS companies, announced today it has raised $6 million in Seed funding led by Craft Ventures, with participation from Fika Ventures, MaC Ventures, Naval Ravikant, WorkLife Ventures, Liquid2 and The Weekend Fund. Led by serial entrepreneurs Harry Hurst, Josh Mangel, and Zain Allarakhia, 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). Designed for SaaS companies that can benefit from immediate payment, Pipe enables companies to grow without additional costs to their customers, and without diluting their current cap table. "Until now, the main financing option for SaaS companies has been dilutive equity rounds," said David Sacks, Co-Founder & General Partner at Craft Ventures. "Pipe is the tool every SaaS founder has been waiting for. It allows SaaS companies to grow without dilution by financing their SaaS receivables."

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The financial services landscape has experienced an unrelenting period of accelerated transformation in recent years that continues to place growing demands upon wealth and asset management firm chief financial officers (CFOs) and finance leaders. You know, for instance, that you need to operationalize your business and innovate


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Spotlight

The financial services landscape has experienced an unrelenting period of accelerated transformation in recent years that continues to place growing demands upon wealth and asset management firm chief financial officers (CFOs) and finance leaders. You know, for instance, that you need to operationalize your business and innovate

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