New investment brings total Series C financing to $60 million Funding capitalizes on strong ARR, new product innovation and global reach /EIN News/ — NEW YORK, Oct. 10, 2018 (GLOBE NEWSWIRE) — Pipedrive Inc. (www.pipedrive.com), a leading sales pipeline software and CRM of choice for over 75,000 businesses, today closed an additional $10 million Series C investment from new investor DTCP (Deutsche Telekom Capital Partners). DTCP will further strengthen Pipedrive’s capability to expand within valuable markets such as Germany. The investment brings Pipedrive’s now completed Series C round to a total $60 million, including funding from new investor Insight Venture Partners, and existing investors Bessemer Venture Partners, Atomico, and Rembrandt Venture Partners. This round brings Pipedrive’s total venture capital funding to date to $90 million. Headquartered in New York and Tallinn, Pipedrive is a global innovation leader for sales CRM with customers in 170 countries. Pipedrive’s cloud-based software delivers unrivaled visibility and control over a sales pipeline and guides users to complete meaningful activities daily to push deals to close. Pipedrive has seen strong year-on-year customer acquisition and revenue growth since it was founded in 2010. A relentless focus on user experience has yielded a passionate and loyal customer base… Read full this story
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