Funding

Pipedrive raises $9M in Series A

268 Views

What does Pipedrive do?

Pipedrive, is a sales pipeline management software which is simple to use and yet quite powerful. Its software is used by companies such as Fortumo, 500 Startups, LUXr, DuckDuckGo, GrabCad. It has its roots in direct sales.

It is a simple and visual pipeline tool which teams will love.

How much Pipedrive was funded?

Pipedrive raised $9M in Series A funding on May 14, 2015 from Bessemer Venture Partners, Rembrandt Venture Partners, Paua Ventures and AngelPad.

Previous funding

  • Undisclosed amount in Seed round on October 1, 2011 from AngelPad.
  • $1M in Seed round on July 31, 2012 from TMT Investments, Andy McLoughlin, Christopher Muenchhoff, AngelPad and Satori Capital
  • $700kin Seed round on July 31, 2012 from Satori Capital, Christopher Muenchhoff, AngelPad and Andy McLoughlin
  • $2.4M in Seed round on September 18, 2013 from Fresco Capital, Ott Kaukver, Tytus Michalski, TMT Investments and Rain Rannu.

What is next for Pipedrive?

Pipedrive will use the latest funding raised to accelerate its growth by building more product technology, improve its marketing and to deliver greater services to its increasing global customer base. It has recently appointed, Steve Oriola, CEO which highlight the importance of this milestone. It shows its momentum and success in meeting the sales software requirement of some millions of small business globally.

The latest round of funding will help the company in significantly increasing its growth by hiring more employees for further developing and marketing its software to the customer base all over the world.

More about Pipedrive

Pipedrive was founded on June 1st, 2010 by Martin Tajur, Urmas Purde, Ragnar Sass, Timo Rein and Martin Henk. It has its headquarters in Menlo Park, CA.  It has a simple and intuitive approach of helping companies sell better by visualizing the sales pipeline works. It currently has 77 employees based in Estonia and U.S.A.

 

 

Related Posts