Embedded fintech platform offering capital, cards, and expense management for vertical SaaS and marketplaces.
Pipe is an embedded fintech platform that provides capital-as-a-service, corporate cards, and expense management for vertical SaaS platforms and marketplaces. Following a strategic pivot in 2023, the company now focuses on enabling platforms to offer seamless financial solutions to their SMB customers.
Fintech📍 Miami, FLFounded 2019
Current Valuation
$2.0B
as of 2021-Q2
UNICORN
QL Price
$2.0B
0% vs last round
QuantLogix's current estimate for Pipe, published 2026-10-07 — in line with the last disclosed round of $2.0B (2021-Q2).
Confidence
medium
Basis
secondary led
What backs this price
Last disclosed round
$2.0B
2021-Q2
weight 0.03
Secondary market print
$2.0B
2026-06-27
weight 0.54
How this price has held up
No round has priced for Pipe since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-10-07 and will be graded against the next priced round. See the full accuracy record →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, Pipe, 2026-10-07 (620db8a0348db617).
The id pins this exact claim, so a citation stays checkable after the price moves.
Model estimate for research — not a quote, target price, or investment advice.
IPO Outlookprivate
Is Pipe going public?
No. Pipe is private and has not filed to go public. There is no S-1 on file.
What is Pipe's valuation in 2026?
Pipe is valued at $2.0B as of 2021-Q2, set by its Venture Round ($16M, Apr 2026). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Pipe filed an S-1?
No public S-1 is on file for Pipe.
Who are Pipe's investors?
Pipe's investors include Fin Capital, MaC Venture Capital, Greenspring Associates, Counterpoint Global, Social Capital, MSD Capital and 2 more.
How much has Pipe raised?
Pipe has raised $453M in total, most recently a Venture Round of $16M in Apr 2026.
Is Pipe publicly traded — can you buy Pipe stock?
No. Pipe is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Pipe on its Pre-IPO Access Desk.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Company Profile
CEO
Luke Voiles
Founded
2019
HQ
Miami, FL
Employees
~80
Total Raised
$453M
Est. Revenue
$21.3M (2025)
Growth
3x year-over-year revenue growth in 2025 after strategic pivot to embedded capital.
Last Round
Venture Round — $16M (Apr 2026) · Lead: Fin Capital
IPO Status
private
Fundraising Status
Venture Round · $16M · 6 mo ago
privateTotal raised $453M
Secondary Market
Implied price / share
$11.17
Open interest
2
Secondary price return by period
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →
Latest Funding Round
Round
Amount
Date
Lead Investor
Post-Money
Venture Round
$16M
Apr 2026
Fin Capital
—
Talent Signal
Hiring trend
▼ Hiring downtrend
-57% vs 2026-08
Open roles
3
via careers page
Product-build share
100%
engineering, research, product, design
Trajectory
tightening
heavy product build — 100% of open roles are product-building functions (engineering/research/product) — 3 of 3 open roles are engineering.
Open roles trending down; no tracked executive churn.
Open roles by month
Open roles by function
■ product-building ■ go-to-market / G&A
Senior Software Engineer\\ \\ Remote, North AmericaLead Infrastructure Engineer\\ \\ Remote, North AmericaDirector of Engineering\\ \\ Remote, United States
Counted from Pipe's live job board as of 2026-09-15; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
Founders & Key People
Harry HurstJosh MangelZain Allarakhia
Investors
Fin Capital · MaC Venture Capital · Greenspring Associates · Counterpoint Global · Social Capital · MSD Capital · Republic · Tribe Capital
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2021-Q2. Refreshed quarterly.