Pipefy Completes $75 Million Series C

<p><strong><span class&equals;"xn-location">SAN FRANCISCO<&sol;span><&sol;strong> &&num;8212&semi; Pipefy&comma; developer of a low-code workflow management software platform that transforms the way teams work&comma; announced completion of <span class&equals;"xn-money">&dollar;75 million<&sol;span> in Series C funding&comma; bringing its total funding to date to <span class&equals;"xn-money">&dollar;138&period;7 million<&sol;span>&period; Led by <span class&equals;"xn-money">&dollar;50 million<&sol;span> from SoftBank Latin American Fund&comma; with additional participation from Steadfast Capital Management&comma; Insight Partners&comma; Redpoint eventures and others&period; Pipefy&&num;8217&semi;s new capital will significantly accelerate its global expansion with solutions that empower teams and organizations to nimbly automate and customize their integrated workflows&period;<&sol;p>&NewLine;<p>Since it was founded in 2015&comma; Pipefy has redefined workflow management for the era of digital transformation&period; It now is the preferred workflow solution for over 4&comma;000 corporate customers including <u>GE Healthcare<&sol;u>&comma; Lacoste&comma; <u>Magalu<&sol;u>&comma; Rivian&comma; and Nubank&comma; among many others&comma; in more than 215 countries&period;<&sol;p>&NewLine;<p>&&num;8220&semi;The huge success of our Series C financing round underscores the broad appeal and utility of the Pipefy platform&comma;&&num;8221&semi; said Alessio Alionço&comma; founder and CEO of Pipefy&period; &&num;8220&semi;Our low-code approach is meeting the needs of distributed workforces around the world&period; SoftBank&comma; along with the other investors in this round&comma; have given us the ability to accelerate our efforts to make Pipefy the most popular solution for automating operations and business processes&period;&&num;8221&semi;<&sol;p>&NewLine;<p>With Pipefy&comma; anyone can build and deploy workflows that improve operations for business functions including finance&comma; human resources&comma; customer service&comma; procurement and marketing&period; The platform scales easily to satisfy the needs of any organization&comma; from emerging companies to the largest multinational corporations&period;<&sol;p>&NewLine;<p>&&num;8220&semi;We are thrilled to partner with the exceptional team at Pipefy&comma;&&num;8221&semi; noted <span class&equals;"xn-person">Matthew Pieterse<&sol;span>&comma; Investment Leader of SoftBank Latin America Fund&period; &&num;8220&semi;The company is building on its Latin American roots to bring global teams a solution critical to helping them navigate the increasingly complex and distributed enterprise software environment&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;Low-code tools are the solution for overworked IT organizations struggling to meet the demand of the dramatic shift to a distributed workforce&comma;&&num;8221&semi; said <span class&equals;"xn-person">Ananth Avva<&sol;span>&comma; President and COO of Pipefy&period; &&num;8220&semi;Gartner reports that by 2024&comma; more than 65&percnt; of new app development will be built on no-code or low-code solutions&period; Pipefy is ideally positioned to optimize the future of work by accelerating app development on our low-code platform&comma; reducing IT backlogs and improving a reported 20&percnt; loss in productivity for both IT and business leaders&period;&&num;8221&semi;<&sol;p>&NewLine;