Pipe

Embedded capital and financial tools for small and medium-sized businesses, delivered through partnerships with the software platforms they use. The main product, Pipe Capital, offers up-front working capital advances funded partly through warehouse credit facilities.

FintechEmbedded small-business financing (revenue-based capital)San Francisco, United States
FoundersSince 2019
Valuation
$2.0B
Total raised
$657M
Last round · Apr 2026
Funding round
Founded
2019
Quarters in VP50
2

In VP50

  1. Q4 2023: no place
  2. Q1 2024: no place
  3. Q2 2024: no place
  4. Q3 2024: no place
  5. Q4 2024: no place
  6. Q1 2025: no place
  7. Q2 2025: no place
  8. Q3 2025: no place
  9. Q4 2025: no place
  10. Q1 2026: no place
  11. Q2 2026: no place
  12. Q3 2026: no place
  13. Q4 2026: no place

Place by quarter since Q4 2023. Best place #17, in Q4 2022.

Funding rounds

DateRound · leadRaised
Apr 9, 2026Funding round · Fin Capital, MaC Venture Capital$16M
2026Credit facility renewal and upsize · Victory Park Capital$225M
Jun 11, 2024Credit facility · Victory Park Capital$100M
May 19, 2021Strategic investment · Greenspring Associates$250M
Mar 9, 2021Strategic investment · Next47, Raptor Group$50M
Jun 24, 2020Seed extension · Fin VC$10M
Feb 25, 2020Seed · Craft Ventures$6M

Team

Pipe | Venture Place