Pipedrive Receives Investment from TMT Investments

Pipedrive, Inc., a San Francisco, CA-based start up that has developed an online sales management tool, has received an investment from AIM-listed TMT Investments PLC.

The investment consists of a US$325k unsecured convertible promissory note.

Founded in 2010 by CEO Timo Rein, Urmas Purde, Martin Tajur, Ragnar Sass and Martin Henk, Pipedrive provides web-based offers sales management software primarily focusing on serving the needs of small teams of up to 15 users.
Launched in public beta in January 2011, Pipedrive is currently used by over 1,500 organisations in over 50 countries worldwide.
The company, which has offices in Tallinn, Estonia, previously raised US$250k from angel investors in Silicon Valley and Europe.



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