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This Pipe-ing hot startup just raised $50M to be the ‘Nasdaq for revenue’

A little over one year ago, Pipe raised a $6 million seed round led by Craft Ventures to help it pursue its mission of giving SaaS companies a funding alternative outside of equity or venture debt.
The buzzy startup’s goal with the money was to give SaaS companies a way to get their revenue upfront by pairing them with investors on a marketplace that pays a discounted rate for the annual value of those contracts. (Pipe describes its buy-side participants as “a vetted group of financial institutions and banks.”)
A few months after that initial seed raise, Pipe brought in another $10 million in funding as an extension of that round.
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