DTCP injects $10m into Pipedrive's $60m series-C

The additional funding will support the company's plans to expand into new regions, with a particular focus on increasing its presence in the German market.

The follow-on round comes four months after Insight Venture Partners and Bessemer Venture Partners led the initial $50m series-C for Pipedrive, with Rembrandt Venture Partners and Atomico also taking part.

Previous funding
Pipedrive raised $700,000 in seed funding in 2012, with $325,000 committed by TMT Investments. Huddle co-founder Andy McLoughlin and Christopher Muenchhoff also contributed to the round.

The company then raised $2.4m from Storm Ventures, Rembrandt and TMT, as well as a number of angel investors, the following year.

Bessemer, Paua Ventures and existing investors injected $9m into the Estonian business software provider in 2015. Previous backers Rembrandt and AngelPad (which incubated Pipedrive in 2012) also took part in the round.

Company
Founded in 2010 and dual-headquartered in Tallinn and New York, Pipedrive provides sales management software products to SMEs, designed to simplify and improve customer relationship management.

People
Deutsche Telekom Capital Partners – Thomas Preuss (partner).
Pipedrive – Timo Rein (co-founder, CEO).

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• Topics
• Expansion
• CEE
• Technology
• Estonia
• Venture