Pipe Raises $50M in Series B

Pipe has successfully raised $50M in a Series B at a $200M valuation led by UP.Partners, ArcTern Ventures, Breakthrough Energy Ventures.

Company Overview

Pipe is a Aviation company headquartered in Orlando, FL, founded in 2015 with 200+ employees.

Hydrogen aircraft infrastructure

Fundraising Details

Amount Raised: $50M
Round Type: Series B
Valuation: $200M
Date: 2024-06-18
Investors: UP.Partners, ArcTern Ventures, Breakthrough Energy Ventures

About Pipe

Hydrogen aircraft infrastructure The company is positioned in the Aviation sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Orlando, FL
Founded: 2015
Team Size: 200+
Industry: Aviation

What This Means

This funding round demonstrates strong investor confidence in Pipe's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Aviation sector continues to attract significant investment as companies innovate to meet evolving market demands. Pipe's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $200M valuation marks an important milestone for Pipe, positioning the company among notable players in the Aviation industry.

Looking Ahead

With this new capital, Pipe is well-positioned to execute on its growth strategy and continue building innovative solutions in the Aviation space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-06-18. For more information about Pipe, visit their headquarters at Orlando, FL.