Vista Equity Partners a US based investment firm has made a majority investment in Pipedrive.
Vista Equity Partners has more than $58 billion in cumulative capital commitments and invests exclusively in software, data and technology-enabled businesses.
The firm’s other investments include companies from all around the world, such as Ping Identity, MindBody, PowerSchool and more.
The deal values Pipedrive at £1.5 billion
Vista’s investment and partnership will further fuel Pipedrive’s expansion by helping the company grow and optimize its product portfolio, expand internationally and increase its customer base globally.
“Pipedrive’s overwhelming acceptance by over 95,000 sales teams around the world has been exhilarating,” said Raj Sabhlok, CEO at Pipedrive. “Reaching ‘unicorn’ status and partnering with Vista will enable us to accelerate our mission to support SMBs as they continue to digitize their businesses in order to grow. Our goal is to successfully deliver on the bold vision that Pipedrive set earlier this year – to provide our users with powerful tools that cover the whole customer journey. This means developing a holistic set of products for various customer-facing teams – from helping marketers find leads, supporting sales teams to close deals, to serving customers success professionals to upsell and nurture relationships.”