Next47, CreditEase, SBI Group and Morgan Stanley are all among the backers of Pipe’s latest round, which was oversubscribed by $100m and valued the business at $2bn.

Pipe, the US-based developer of a recurring revenue trading platform, closed a $250m funding round yesterday backed by industrial equipment producer Siemens, fintech conglomerate CreditEase and financial services firm SBI Group.

They participated through Next47, CreditEase FinTech Investment Fund and SBI Investment, respectively, while investment bank Morgan Stanley took part through Counterpoint Global. The round was led by Greenspring Associates and valued Pipe at $2bn.

3L, Sound Ventures, Fin VC, Time Ventures, Seven Seven Six, MaC Ventures, Republic, private investor…

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Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
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