Pipe
Pipe is a financial technology company that provides a working capital platform offering embedded financing for businesses.
Secondary Market Price
How Pipe Measures Up
To help you manage your Pipe equity, Prospect has run the company through our machine learning model.
Prospect Rating
--
This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.
Exit Risk
--
Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.
Funding Stage
Series D
A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.
Secondary Market Price Chart
Create a free account to unlock real-time secondary market prices and future projections of Pipe's value.
Sign up to Unlock the Latest DataData will be available soon.
Sign up to receive notifications when it is available.
Prospect Projected Future Pipe Prices
Prospect’s machine learning model has been trained on the same data top-tier investors use to project the likely range of outcomes for Pipe's equity. Create a free account to view 10th-90th percentile projections over 2, 4, and 6 years.
Powerful tools to earn more from your equity
Company Description
Pipe is a financial services company founded in 2019 that provides embedded capital solutions for small and medium-sized businesses (SMBs). The company partners with independent software vendors (ISVs) and payment facilitators (Payfacs) to offer financing directly within the software platforms that SMBs use daily. Pipe's underwriting is based on live business and transaction data, which allows it to provide pre-approved capital offers. Merchants can draw funds as needed, with repayments structured to sync with their cash flow. The company was co-founded by Harry Hurst and Josh Mangel and is headquartered in San Francisco, with an additional office in Miami.
In July 2024, Pipe secured a $100 million debt financing round from Victory Park Capital. The company reported significant growth in 2025, including a threefold increase in year-over-year revenue and a 2.3x increase in origination volume. Over the last 18 months, Pipe has supported over 15,000 small businesses, with more than 60% of them returning for a second advance. The company operates in the United States, Australia, Canada, and the United Kingdom. In the UK, its partnership with GoCardless surpassed £30 million in capital originations, and it launched a program with Uber to provide capital to restaurants. The company's CEO, Claurelle Rakipovic, has cited strong growth and global demand as reasons for a positive outlook for 2026.
- Greenspring Associates
- Craft Ventures
- Fin Venture Capital
- Tribe Capital
- Fika Ventures
- Raptor Group
- Next47
- Shopify
- Slack
- HubSpot
- Okta
- Chamath Palihapitiya
- Marc Benioff
- Michael Dell's MSD Capital
- Republic
- Alexis Ohanian
- Joe Lonsdale
- Co-Founder, Harry Hurst
- Co-Founder, Josh Mangel
- Co-Founder, Zain Allarakhia
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Pipe worth joining?
Deciding whether to join a startup like Pipe involves evaluating its potential growth and your personal financial goals. Tools like Prospect can help you analyze the potential value of your equity compensation by using data-driven models to forecast a company's future.
What should I do with my Pipe stock?
Managing private stock from a company like Pipe requires a clear strategy for exercising options and planning for taxes. Platforms like Prospect offer customized, multi-year plans to help you maximize the value of your equity and minimize your tax burden.
Can you sell Pipe stock?
Selling stock in a private company like Pipe is typically possible through secondary markets or company-sanctioned tender offers, though it can be complex. To navigate these events, Prospect provides tools to help you decide how much to sell and which shares are most tax-optimal.
How can I find the value of my Pipe stock?
The value of private stock like Pipe's is not publicly listed and is determined by factors like the latest 409A valuation and secondary market prices. You can use platforms like Prospect, which leverage proprietary models to project the future value of your shares based on market data.
What is Pipe's equity worth?
Determining the precise worth of equity in a private company like Pipe is challenging as it's not publicly traded and its value fluctuates. Services like Prospect can provide a data-driven forecast of your equity's value by analyzing your specific holdings and the company's financial trajectory.
What is Pipe's stock ticker symbol?
As a private company, Pipe does not have a stock ticker symbol because its shares are not traded on a public stock exchange. Managing pre-IPO equity involves different strategies than public stocks, which is where tools like Prospect can provide guidance.
Can I buy or sell Pipe stock?
Selling private stock in a company like Pipe is often possible during specific liquidity events, while buying is typically restricted to accredited investors or employees. While Prospect doesn't facilitate transactions, it provides the analytical tools to help you make informed decisions about when and how much to sell.
What is the criteria to buy or invest in Pipe stock?
Investing in a private company like Pipe is generally limited to accredited investors who meet specific income or net worth thresholds, or through direct employment with the company. If you are an employee with equity, a platform like Prospect can help you manage and optimize your holdings.
