Pipedrive Closes $3.4M Seed Funding

Pipedrive, a Tallinn, Estonia- and San Francisco, CA-based provider of a cloud sales platform, closed a $3.4m seed funding.

The round was led by Rembrandt Venture Partners and Storm Ventures, with participation from:
TMT Investments,
Taavet Hinrikus (Transferwise),
Ott Kaukver (Twilio),
Rain Rannu (co-founder of Fortumo) and
Tytus Michalski (managing director of Fresco Capital Advisors).

The company intends to use the funds to grow its product development team in Tallinn, and the Palo Alto-based marketing/business development office (read here).

Founded in 2010 by CEO Timo Rein, Pipedrive makes cloud based sales software which features tools for sales pipeline and reporting, Google Apps integration, email tracking, Google Maps integration, data import & export. The software is used by more than 30000 paying users in over 100 countries, The US, Brazil, the UK, Canada and Australia are the biggest markets.
The company currently employs 21 people in offices in California and Estonia.



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