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New Deal


Announced

Greenspring Associates led the $250 funding round in Pipe Technologies.

Financials

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Transaction Value£176m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Private Equity

Minority

FinTech

Domestic

Venture Capital

Acquisition

Completed

Friendly

United States

trading platform

Software

alternative financing

saas solutions

Synopsis

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Greenspring Associates, a venture capital investment firm, led the $250 funding round in Pipe Technologies, a creator of the trading platform. The round had participation from Counterpoint Global (Morgan Stanley), CreditEase FinTech Investment Fund, SBI Investment, Sound Ventures and Guy Oseary, and existing investors such as Fin VC, Next47, Marc Benioff's TIME Ventures, Alexis Ohanian's Seven Seven Six, MaC Ventures. "By fundamentally changing the way entrepreneurs and organizations raise capital to fund their growth, Pipe has quickly emerged as one of the most important financial technology companies in the world. Our investment will further Pipe's mission to put companies in the driver's seat of their growth," Ashton Newhall, Greenspring Associates Managing General Partner.

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