Pipefy, a San Francisco, California-based “low-code” workflow management SaaS startup, announced that it has raised $75 million in Series C funding.
SoftBank Latin America Fund led the financing with a $50 million contribution, bringing Pipefy’s total raised to $138.7 million since its 2015 inception. Steadfast Capital Management, Insight Partners and Redpoint eventures also put money in the round.
The company plans to use its new capital to “significantly accelerate” its global expansion. It also plans to continue to hire globally and further develop its product and go-to-market strategy.
Company: Pipefy, Inc.
Raised: $75.0M
Round: Series C
Funding Month: October 2021
Lead Investors: SoftBank Latin America Fund
Additional Investors: Steadfast Capital Management, Insight Partners, and Redpoint eventures
Company Website: http://www.pipefy.com/
Software Category: no/low-code workflow management software
About the Company: Pipefy is the no-code workflow management software that increases team productivity, centralizes data, and standardizes processes for teams like Finance, HR, Customer Service, and more so those requesting services, those processing the requests, and those managing the operation are more efficient. Through automated workflows and a no/low-code platform, Pipefy enhances speed, increases visibility, and delivers higher quality outcomes with ready-to-use, customizable workflows. Digitally transform the team in a matter of hours, not weeks or months. Pipefy aims to redefine workflow management. It has more than 4,000 corporate customers globally including GE Healthcare, Lacoste, Magalu, electric truck maker Rivian, and Nubank, among others.
Source: https://techcrunch.com/2021/10/26/softbank-bets-big-on-pipefy-which-just-raised-75m-for-its-low-code-workflow-management-tool/