Estonian startup Pipedrive raises $50 million

Pipedrive, a startup co-headquartered in Estonia and New York that offers tools to salespeople to help them close deals that are still in their pipeline, has picked up $50 million to expand its product, develop its business globally and potentially make acquisitions in the CRM space.

The Series C financing round was co-led by new investor Insight Venture Partners and Bessemer Venture Partners, with participation also from Rembrandt Venture Partners and Atomico, whose founder, Swede Niklas Zennström, was a co-founder of Skype.

The Series C round brings the total raised by Pipedrive to $80 million. According to TechCrunch, the value of the company may exceed $300 million.

Pipedrive is planning to use the raised capital to expand its product, develop its business globally and potentially make acquisitions in the customer relationship management (CRM) space. According to Pipedrive, the company has 75,000 customers in 170 countries.

Share on TwitterShare on FacebookShare on LinkedInPin it on PinterestSubmit to redditSubmit to StumbleUponShare on Tumblr

Written by admin

Leave a Reply