SAN FRANCISCO, CA--(Marketwired - September 12, 2016) - Pipefy, the easy button for processes and workflows, today announced its new platform with a startup-specific bundle that dramatically simplifies all of the processes a burgeoning company needs to run smoothly. The company also disclosed that it has raised a Series A round of funding, led by Trinity Ventures and Valor Capital Group. Additional investors include Redpoint eventures, 500 Startups, AngelList, Founders Club, 3D Ventures, and Zendesk founders, Morten Primdahl and Alexander Aghassipour. Funds will be used to further product development as Pipefy plans to release several impressive features in the coming months.
Funding comes as Pipefy has demonstrated rapid viral growth. Less than a year since its founding, the Pipefy platform has been adopted by more than 35,000 users in 140 countries while the company has spent nothing on marketing or customer acquisition. Pipefy's customers range from SMBs to global powerhouses like Traveler's Insurance Group and Telefonica.
"In very short order, this team has built a self-service product that is so simple and clean, it is changing how departments and companies are run, instilling efficiency and accountability along the way," said Trinity Ventures General Partner, Dan Scholnick. "The amount of time spent in Pipefy each day and the number of users running multiple processes is staggering for a company at this stage. Factor in that companies worldwide are expected to spend $704 billion on IT services, and Pipefy offers an extremely compelling and highly competitive alternative to other vendors."
With Pipefy, gone are the days that companies are required to spend millions of dollars over the course of several months to implement a workflow solution that holds them hostage to the IT department. Pipefy's self-service platform makes it easy for any manager within an organization to create tasks, assign owners, and oversee all of the processes associated with everything from hiring and vacation time to customer support to sales -- essentially any task that is a part of business today. Through the Pipefy marketplace, managers can select from multiple process templates or create their own to meet specific needs. And, Pipefy can be up and running in a matter of minutes for a price that any business can afford.
"Pipefy has proven to be addictive. We rarely see a bootstrapped startup grow so fast through a viral adoption cycle like this one," says Anderson Thees, partner, Redpoint eventures. "Its sharp growth curve is driven by a well-oiled product management and operations team, and the fact that Pipefy is addressing a market need to displace old, outdated business processes with a sleek, new approach preferred by a growing millennial workforce around the globe. Its platform is ideal for startups or larger organizations seeking to work more efficiently and productively."
"Pipefy was created out of our own frustrations with management systems. Clearly, we were not alone, as our initial tool has already unleashed a process revolution across organizations of all sizes throughout the world," said Pipefy co-founder and CEO, Alessio Alionco. "With the support of our investors, we are now extremely excited to introduce an advanced offering that specifically addresses the unique needs of the tech community."
In addition to easily creating custom processes, Pipefy's tech customers can access dozens of free business workflow templates for vertical applications such as reimbursement of expenses, agile software development, service desk, bug tracking, content marketing, sales enablement, internal communications and more. Additionally, Pipefy educates users on best practices for each process to ensure that not only work stays on track, but that the bar for quality is always met. Pipefy also seamlessly integrates with hundreds of apps and has a mobile-responsive design so that users can follow processes from anywhere, any time.
To learn more about how Pipefy solves startup issues, as well as why enterprise customers choose Pipefy for their last mile processes, please visit www.pipefy.com.
About Pipefy
Pipefy is an easy Business Process Management System founded in 2015 by Alessio Alionco to respond to a need that every small and medium-size business faces -- to find a service that will organize and run all the processes in just one place. It has since attracted wide enterprise adoption by solving many last-mile issues that do not require the attention of the IT department. With Pipefy, all businesses can manage their workflows without using databases, emails or other inefficient resources in order to complete tasks.
The platform can be used by any company on a subscription basis, and its users are located in over 3,100 cities in more than 140 countries throughout the world. The company is based in San Francisco, California and backed by blue chip investors, including Trinity Ventures, Valor Capital Group, Redpoint eventures, 500 Startups, AngelList, Founders Club, 3D Ventures, and Zendesk founders, Morten Primdahl and Alexander Aghassipour.
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Amber Moore
GMK Communications
amber@gmkcommunications.com