Funding round
Pipedrive Growth
Reported as "Growth Equity"
Pipedrive, which works in sales pipeline management solutions in New York, raised $1.50B in a Growth round announced on 18 May 2020, led by Vista Equity Partners. 6 firms took part, 5 of them already investors. It is Pipedrive's fifth venture round on record; the one before was a Series C in Jun 2018.
$1.50B
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Pipedrive did not disclose a valuation in this round. It came 23 months after Pipedrive's Series C. It is 95% of the $1.58B Pipedrive has raised in the venture rounds on record. No later venture round is on record for Pipedrive.
Pipedrive's funding rounds
Pipedrive has 5 venture rounds on record. This one is highlighted.
- Seed 18 Sep 2013, led by Rembrandt Venture Partners and Storm Ventures $3.4M
- Series A 14 May 2015, led by Bessemer Venture Partners $9.0M
- Series B 18 Jan 2017, led by Atomico $17M
- Series C 14 Jun 2018, led by Insight Partners and Bessemer Venture Partners $50M
- Growth this round 18 May 2020, led by Vista Equity Partners $1.50B
Investors
Who put money in
Vista Equity Partners led the round with 5 other firms. Bessemer Venture Partners, Insight Partners, Atomico and Digital Transformation Capital Partners and 1 more had backed Pipedrive before.
Lead investor
- Vista Equity Partners backs 43 venture-backed companies new investor
Also in the round
- Bessemer Venture Partners backs 412 venture-backed companies existing investor
- Insight Partners backs 548 venture-backed companies existing investor
- Atomico backs 123 venture-backed companies existing investor
- backs 38 venture-backed companies existing investor
- Rembrandt Venture Partners existing investor
Comparable rounds
How it compares
271 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $47M, and this round was 32 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 12 May 2020 | $144M | not disclosed | Spectrum Equity |
| Tech Companies | 7 May 2020 | $72M | not disclosed | not named |
| Tech Companies | 4 May 2020 | $45M | not disclosed | Riverwood Capital |
| Tech Companies | 21 May 2020 | $42M | not disclosed | Morgan Stanley and PeakSpan Capital |
| Tech Companies | 13 May 2020 | $37M | not disclosed | Chrysalis Investments |
| Tech Companies | 21 May 2020 | $31M | not disclosed | not named |
| Medable Tech Companies | 4 May 2020 | $25M | not disclosed | GSR Ventures |
| Tech Companies | 27 May 2020 | $24M | not disclosed | Vistara Growth |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Pipedrive raise in its Growth round?
Pipedrive raised $1.50B in its Growth round, announced in May 2020.
Who led Pipedrive's Growth round?
Vista Equity Partners led it, with Bessemer Venture Partners, Insight Partners, Atomico, Digital Transformation Capital Partners and Rembrandt Venture Partners.
What was Pipedrive's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
271 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $47M, and this round was 32 times the median.