Pipe

Summary active Updated Apr 13, 2026

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Location San Francisco, California
Founded 2019
Latest Stage Equity Round
Total Raised $332M
Website https://www.pipe.com
Sector
fintech embedded-finance SMB

Investors

Salil Deshpande Early (2020)
Lachy Groom Seed (2020)
Jay Hoag Public (PIPE) (2011)
Alexis Ohanian Early Stage (2021)
Marlon Nichols 2020 (2020)
Brianne Kimmel Seed (2020)
Naval Ravikant Seed (2020)
David Sacks 2020 (2020)
Marc Benioff Venture (2021)
fin-capital equity (2026)
MaC Venture Capital equity (2026)
Uncorrelated Ventures Early (2020)
independent Seed (2020)
TCV Public (PIPE) (2011)
Seven Seven Six Early Stage (2021)
Worklife Ventures Seed (2020)
angellist Seed (2020)
Craft Ventures 2020 (2020)
TIME Ventures Venture (2021)

Founders

Harry Hurst Co-Founder
Josh Mangel Co-Founder

About

Pipe is a San Francisco-based fintech providing embedded capital and financial solutions for small and medium-sized businesses 1. The company integrates working capital access into existing software platforms such as POS systems and invoicing tools, allowing merchants to tap financing without leaving their operating systems 1. Founded in 2019, Pipe previously operated as a revenue-based financing marketplace and pivoted in 2024 to focus on embedded capital under a relaunched product called Pipe Capital 2. CEO Claurelle Rakipovic was named to the role in December 2025 after a restructuring that reduced headcount by approximately 50% 2.

Funding History

Date Round Amount Lead Co-investors
2026-04-09 Equity $16M Fin Capital, MaC Venture Capital — 1
2024-06 Debt $100M Victory Park Capital — 3
2021-05 Series B $250M — Multiple investors 4

Pipe has raised over $316M in equity funding across multiple rounds, plus debt facilities 3. The 2021 Series B valued the company at $2B 4. The April 2026 round marks the first equity raise since relaunching Pipe Capital in 2024 1.

What Investors Say

No verified investor quotes available at this time.

What Founders Say

No verified founder quotes available at this time.

Sources

  1. SuperbCrew, “San Francisco-Based Fintech Pipe Raises $16 Million In A New Funding,” April 2026. https://www.superbcrew.com/pipe-raises-16-million-in-funding/↩↩↩↩

  2. Axios Pro Rata, “Pipe raises $16M after layoffs, CEO change,” April 9, 2026. https://www.axios.com/pro/fintech-deals/2026/04/09/pipe-16m-profitability-turnaround↩↩

  3. Crunchbase, “Pipe Company Profile & Funding,” accessed April 2026. https://www.crunchbase.com/organization/pipe↩↩

  4. TechCrunch, “More funding flows into Pipe, as buzzy fintech raises $250M at a $2B valuation,” May 19, 2021. https://techcrunch.com/2021/05/19/pipe-raises-250m-at-a-2b-valuation/↩↩