Pipedrive Closes $9M Series A Round of Funding

pipedrive-logoPipedrive, a Menlo Park, CA and Tallinn, Estonia-based maker of sales software for small businesses, closed a $9m Series A round of funding.

The round was led by Bessemer Venture Partners with participation from Paua Ventures and existing investors Rembrandt Venture Partners and AngelPad, the latter of which incubated Pipedrive in 2012.

The company intends to use the funds to build product technology and expand its marketing efforts worldwide.

Led by recently appointed CEO Steve Oriola, Pipedrive provides small businesses with cloud-based sales management software featuring sales reporting, mobile apps, Google Apps and Google Maps integration, smart email BCC, multi-language and multi-currency and data import & export tools. Customers include tech companies such as Fortumo, a mobile payments company, Postmates, an on-demand delivery platform, FalconSocial, a social media platform and Blippar, an augmented reality ad platform, small businesses in other industries such as 360 Services, a company that provides fire protection services to businesses and Social Driver, a digital agency that launches websites and runs social media campaigns.

Pipedrive, which currently has 77 employees based in the U.S. and Estonia, has raised $13.4m in funding in total.



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