Today is a huge milestone for Pipedrive. I’m thrilled to announce that we have raised an additional $9 million in Series A funding to help us accelerate our growth.
This investment will help us hire more talented people to join our current family of employees. With their help, we will build more technology, market more broadly and deliver greater service to better serve you – our more than 10,000 customers – and many more small businesses and their salespeople around the world.
This round in funding was led by Bessemer Venture Partners with participation from Paua Ventures. It also includes participation from existing investors including Rembrandt Venture Partners and AngelPad, which as you may recall is where Pipedrive was incubated in 2012. To date, we’ve raised $13.4 million.
As Pipedrive’s new CEO, I’m amazed at how efficiently Pipedrive has grown with so little capital invested. We have competitors who have achieved less scale after raising more capital.
And this recent investment is a testament to this.
Here’s what Alex Ferrara, partner at Bessemer Venture Partners had to say about why they chose to back us:
"Pipedrive’s growing base of more than 10,000 paying small business customers shows that the company’s simple, intuitive approach to helping them sell better by visualizing the sales pipeline works. We invested in Pipedrive because we believe that it has the potential to help more small businesses around the world close more business."
This is an amazing trek we’re on and we wouldn’t be here without your loyal support.
Expect more good things to come.