Pipe Technologies

Founded in 2020, the American company Pipe Technologies is developing a platform for alternative financing of working capital based on artificial intelligence for trading regular revenue. Pipe focuses on providing an alternative financing option to startups with constant revenue without receiving loans or selling shares to venture funds.

History

2022: Raising $5 million from Mindrock Capital

In May 2022, it became known about the investment of Mindrock Capital in Pipe Technologies. The fund of Pavel Cherkashin and Grigory Trubkin invested $5 million in the American project, its estimated value is $2 billion.

Mindrock Capital invested in US platform to finance startups

The platform unites startups that are looking for financing and institutional investors who want to earn up to 10% a year with almost no risks, said Mindrock Capital.

By May 2022, Pipe has more than 8 thousand customers.^[1]

2021

In May 2021, Pipe Technologies held a round of financing, as a result of which the fintech startup was able to earn $250 million. Counterpoint Global (Morgan Stanley), CreditEase FinTech Investment Fund, SBI Investment, 3L, Sound Ventures and Guy Oseary invested in the company.

This investment was raised two months after $50 million was invested in Pipe Technologies. By May 2022, more than 4 thousand companies were registered on the Pipe trading platform. The annual trading volume on the site exceeds $1 billion, and this figure grew rapidly, approaching $2 billion (by May 2021).

By fundamentally changing the way entrepreneurs and organizations raise capital to finance their growth, Pipe has quickly become one of the most important financial technology companies in the world, said Greenspring Associates managing general partner Ashton Newhall.

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