Pipefy, a workflow-management software program platform backed by Paypal Holdings Inc. co-founder Peter Thiel, obtained a $75 million funding in a spherical lead by SoftBank Group Corp.’s Latin America Fund II.
SoftBank contributed $50 million within the deal, Pipefy mentioned in a press release. Steadfast Capital Administration, Perception Companions, Redpoint Eventures, 500 Startups, ONEVC, Atman Capital, FundersClub and investor Lee Jacobs additionally participated, Pipefy founder and Chief Govt Officer Alessio Alionco mentioned.
“We need to use the capital to speed up our enlargement primarily within the U.S. markets,” Alionco mentioned in a video interview.
The corporate plans a U.S. public fairness providing in about three years, he mentioned. Pipefy, which has greater than 500 staff, tripled its valuation because the final spherical of investments in June 2019, he mentioned, declining to offer specifics.
Corporations can use Pipefy software program to enhance group productiveness by centralizing information and using normal procedures for features together with finance, human sources, customer support, buying and advertising and marketing. Pipefy says it may well make software program growth simpler for any kind of firm, from startups to multinational firms.
The agency was based in 2015, in Curitiba, Brazil, and in addition has an workplace in San Francisco. It has 4,000 shoppers in 200 international locations, together with Basic Electrical Co.’s well being care division, Lacoste SA and Journal Luiza SA.
Pipefy has obtained a complete of $138.7 million in capital to date. Earlier traders embody Valor Capital, Thiel’s Founders Fund and the founders of Zendesk Inc., in addition to Perception Companions, OpenView and Trinity Ventures.
―By Cristiane Lucchesi