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Pipe Picks Up $60M For SaaS Financing

socalTECH

Los Angeles-based Pipe Technologies , which is developing a subscription financing platform to help software companies finance their businesses without debt or dilution, has raised $60M in a funding round, the company said on Wednesday. The company said the new funding will go towards growth and expansion of its operations into new markets.

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Reflections On 2019: Peter Cowen, Sutton Capital Partners

socalTECH

While it was a good year for our merger and acquisition practice in the SaaS and fintech space, our most exciting news is in our merchant banking sector where we invest in and advise growth companies often for several years. One of our SaaS companies made great strides with a new product. Two lessons learnedand relearned!

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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

Should SaaS companies trade at a 24x Enterprise Value (EV) to Next Twelve Month (NTM) Revenue multiple as they did in November 2021? We’ll just wait until companies that last raised in 2019 or 2020 come to market.” Across more than 10 years we have kept the size of our Seed investments between $2–3.5 So it’s about 20%.

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Drata Takes $25M For Security, Compliance Software

socalTECH

The company said it previously raised a seed funding round six months ago. The company said its founders previously started a company called Portfolium, which was acquired by Instructure in 2019. Drata said its current customers include Clearco, SmartRecruiters, The Good Face Project, 360 Insights, and Trust & Will.

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Reflections on 2018: Peter Cowen, Sutton Capital Partners

socalTECH

Sutton Capital Partners is a technology investment banking firm and we are, investors in local SaaS/subscription companies and is well known as the host of the annual Recurring Revenue Conference, which we co-host every year. More in-person contact is one of my 2019 goals. We expect some big things in 2019.

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