Pipe

Pipe, founded in 2019 and headquartered in Los Angeles, California, United States, provides a marketplace that lets recurring-revenue businesses trade future income for upfront capital. The company has raised about $316 million and reached a $2 billion valuation after its Series C round. By integrating with accounting and billing systems, Pipe evaluates performance and automates financing, providing non-dilutive growth capital. Backed by investors like Greenspring Associates and Rizvi Traverse, Pipe continues to expand its reach across subscription-driven industries.