Pipedrive Raises $17 Million

NEW YORK — Pipedrive, a customer-relationship-management platform for salespeople, has closed $17 million Series B round led by Atomico with participation from existing investors Bessemer Venture Partners and Rembrandt Venture Partners.

Part of a new breed of software designed from the ground up for small businesses, Pipedrive intends to use the investment to develop its salespeople-centric product technology, grow its partner ecosystem and scale customer growth around the world. This round brings Pipedrive’s total venture capital funding to over $30 million.

Unlike many business software providers which focus only on developed markets, Pipedrive is a global offering with more than 30,000 small business customers in more than 140 countries. With its swiftly growing global footprint, Pipedrive has seen triple-digit year-over-year revenue growth since it was founded in 2010.

“Partnership with Atomico is a huge victory for us as they are one of the few VC firms whose partners have hands-on experience building multi-billion, global and fast growing technology companies,” said Timo Rein, CEO and cofounder of Pipedrive. “Selling is hard no matter where you do business. This new partnership will enable us to fulfil our mission of helping salespeople around the world sell better whether they live in NYC or a small town in Brazil.”

Prior to this round, Pipedrive secured over $13 million in Series A and seed funding backed by Bessemer Venture Partners, Rembrandt Venture Partners, AngelPad, Paua Ventures, Monashees Capital, TMT Investments and angel investors.

Founded in 2010, the company employs over 200 workers in NYC and Estonia.