Estonia, Good for Business, Innovations, Internet, Investments, Technology

International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 15:33

Estonian/US startup Pipedrive gets USD 17 mln capital injection

BC, Tallinn, 18.01.2017.Print version
Pipedrive, a company headquartered in Palo Alto, the U.S.A. whose development office is located in the Estonian capital Tallinn, has closed 17 million U.S. dollars in Series B funding, Techcrunch reports.

The round was led by Atomico, the global VC firm founded by Skype's Niklas Zennstrom, with participation from Bessemer Venture Partners, and Rembrandt Venture Partners. The Estonia/U.S.-based startup last raised 9 mln dollars in Series A funding back in May 2015.


Pipedrive says it will use the new capital to develop its product and tech, grow its partner ecosystem, and for global marketing. The round brings Pipedrive's total VC funding to 30.4 mln dollars.


Targeting small to medium sized businesses, and used by a number of tech companies, including Fortumo, Postmates, FalconSocial, and Blippar, Pipedrive aims to fix the broken CRM/sales software experience. Specifically, it says that CRM solutions typically require far too much data entry and have poorly defined workflows, resulting in software that nobody likes using and, ultimately, lost sales.


Pipedrive was founded in 2010.






Search site