"Until now, the main financing option for SaaS companies has been dilutive equity rounds," said David Sacks, Co-Founder & General Partner at Craft Ventures. "Pipe is the tool every SaaS founder has been waiting for. It allows SaaS companies to grow without dilution by financing their SaaS receivables."

https://www.prnewswire.com/news-releases/pipe-raises-6m-to-launch-new-saas-financing-platform-301009328.html