Investors funnel $50m into Pipe

Mar 10, 2021 • Jordan Williams

The revenue trading platform developer secured $50m in a round co-led by Siemens Next47 and backed by Shopify, Okta, HubSpot and Slack.

Industrial equipment manufacturer Siemens’ Next47 unit has co-led a $50m funding round for Pipe, the US-based developer of a recurring revenue trading platform, TechCrunch reported yesterday.

The round was co-led by financial services firm Raptor Group and included e-commerce software provider Shopify, identity authentication software producer Okta and enterprise software providers HubSpot and Slack.

MSD Capital and Republic filled out the round with private investors Chamath Palihapitiya, Marc Benioff, Alexis Ohanian and Joe Lonsdale.

Pipe’s online platform enables businesses to…

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