Funding round
Pipedrive Series A
Pipedrive, which works in sales pipeline management solutions in New York, raised $9.0M in a Series A round announced on 14 May 2015, led by Bessemer Venture Partners. 2 firms took part. It is Pipedrive's second venture round on record; the one before was a Seed in Sep 2013.
$9.0M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Pipedrive did not disclose a valuation in this round. It came 20 months after Pipedrive's Seed. It is under 1% of the $1.58B Pipedrive has raised in the venture rounds on record. Pipedrive raised again 20 months later: a Series B round of $17M in Jan 2017.
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 this round 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 18 May 2020, led by Vista Equity Partners $1.50B
Investors
Who put money in
Bessemer Venture Partners led the round with 1 other firm.
Lead investor
- Bessemer Venture Partners backs 412 venture-backed companies new investor
Also in the round
- backs 30 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
386 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $6.3M, and this round was 1.4 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 20 May 2015 | $18M | not disclosed | Accel |
| Tech Companies | 21 May 2015 | $10M | not disclosed | Verdane |
| Wellhub Tech Companies | 15 May 2015 | $8.8M | $29M | not named |
| Tech Companies | 19 May 2015 | $6.5M | not disclosed | Octopus Investments |
| Tech Companies | 18 May 2015 | $5.0M | not disclosed | Bonnier Growth Media |
| Tech Companies | 20 May 2015 | $5.0M | not disclosed | Industrifonden and Briban Invest |
| Tech Companies | 1 May 2015 | $4.2M | not disclosed | Grotech Ventures and Route 66 Ventures |
| Tech Companies | 12 May 2015 | $3.0M | not disclosed | Juno Capital |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Pipedrive raise in its Series A round?
Pipedrive raised $9.0M in its Series A round, announced in May 2015.
Who led Pipedrive's Series A round?
Bessemer Venture Partners led it, with SquareOne.
What was Pipedrive's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
386 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $6.3M, and this round was 1.4 times the median.
Did Pipedrive raise again after this round?
Yes: a Series B round in Jan 2017 of $17M.