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More funding flows into Pipe, as buzzy fintech raises $250M at a $2B valuation At the end of March, TechCrunch reported that buzzy startup Pipe — which aims to be the “Nasdaq for revenue” — had raised $150 million in a round of funding that values the fintech at $2 billion. Well, that deal has closed and in the end, Miami-based Pipe confirms that it has actually raised $250 million at a $2 billion valuation in a round that was “massively oversubscribed,” according to co-founder and co-CEO Harry Hurst. “We had originally allocated $150 million for the round, but capped it at $250...

Loans to Greensill’s venture capital backers, such as General Atlantic and Soft Bank, suggest a circular relationship built on hidden leverage. This is what happens when growth rules at all costs.

This Pipe-ing hot startup just raised $50M to be the ‘Nasdaq for revenue’ A little over one year ago, Pipe raised a $6 million seed round led by Craft Ventures to help it pursue its mission of giving SaaS companies a funding alternative outside of equity or venture debt. The buzzy startup’s goal with the money was to give SaaS companies a way to get their revenue upfront by pairing them with investors on a marketplace that pays a discounted rate for the annual value of those contracts. (Pipe describes its buy-side participants as “a vetted group of financial institutions and banks.”...