About Pipe
Pipe is a company based in Los Angeles (United States) founded in 2019 by Josh Mangel, Harry Hurst, and Zain Allarakhia. It operates as a FinTech, and API-as-a-Product. Pipe has raised $316 million across 7 funding rounds from investors including HubSpot, Shopify and Slack. The company has 70 employees as of December 31, 2022. Pipe has completed 2 acquisitions, including Glean AI and Purely Capital. Pipe offers products and services including Capital and Business Card.
- Headquarter Los Angeles, United States
- Employees 70 as on 31 Dec, 2022
- Founders Josh Mangel, Harry Hurst, Zain Allarakhia
- Stage Unicorn
-
Sectors
TechnologyFinancial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Pipe Technologies Inc.
-
Annual Revenue
$488.82 K (USD)-20as on Dec 31, 2022
-
Net Profit
$-9.22 K (USD)-121as on Dec 31, 2022
-
EBITDA
-
Total Equity Funding
$316 M (USD)
in 7 rounds
-
Latest Funding Round
$100 M (USD), Debt – Conventional
Jun 12, 2024
-
Investors
HubSpot
& 32 more
-
Employee Count
70
as on Dec 31, 2022
-
Investments & Acquisitions
Glean AI
& 1 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Pipe
Pipe offers a comprehensive portfolio of products and services, including Capital and Business Card. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Capital access is provided for business growth goals.
Business expenses are managed with flexible payment options.
Unlock access to complete
Unlock access to complete
Funding Insights of Pipe
Pipe has successfully raised a total of $316M across 7 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $100 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Debt – Conventional — $100.0M
-
First Round
First Round
(25 Feb 2020)
- Investors Count 33
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Debt – Conventional - Pipe | Valuation |
investors |
|
| Sep, 2022 | Amount | Debt – Conventional - Pipe | Valuation |
investors |
|
| Aug, 2021 | Amount | Series C - Pipe | Valuation | Zain Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Pipe
Pipe has secured backing from 33 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include HubSpot, Shopify and Slack. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
-
|
Founded Year | Domain | Location | |
|
Diversified investment management firm
|
Founded Year | Domain | Location | |
|
Growth-stage investments are focused on by Republic Capital venture firm.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Pipe
Pipe has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Glean AI and Purely Capital. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Payment solutions for accounts receivable management
|
2018 | ||||
|
AI-driven insights are extracted from invoice data for accounts payable.
|
2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Pipe
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pipe Comparisons
Competitors of Pipe
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Pipe
Frequently Asked Questions about Pipe
When was Pipe founded?
Pipe was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Pipe located?
Pipe is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of Pipe?
Josh Mangel is the current CEO of Pipe. They have also founded this company.
Is Pipe a funded company?
Pipe is a funded company, having raised a total of $316M across 7 funding rounds to date.
How many employees does Pipe have?
As of Dec 31, 2022, the latest employee count at Pipe is 70.
What is the annual revenue of Pipe?
Annual revenue of Pipe is $488.82K as on Dec 31, 2022.
What does Pipe do?
Embedded financial tools are developed by Pipe to support businesses on various platforms. Solutions are offered for small businesses, developers, and partners globally. Capital access and spend management tools are integrated to enhance customer retention and growth. Industry-specific risk models are utilized for vertical SaaS, payment facilitators, and marketplaces. Financial products are designed to be easily embedded with minimal coding required.
What products or services does Pipe offer?
Pipe offers Capital and Business Card.
How many acquisitions has Pipe made?
Pipe has made 2 acquisitions, including Glean AI, and Purely Capital.
Who are Pipe's investors?
Pipe has 33 investors. Key investors include HubSpot, Shopify, Slack, Okta, and Tribe Capital.
What is Pipe's valuation?
The valuation of Pipe is $2B as of Mar 2021.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.