Pipe, a trading platform for recurring revenues, has raised $250 million in strategic equity funding. The company is now valued at $2 billion in just under a year since its public launch.

The round was led by Greenspring Associates, and included new investors Counterpoint Global (Morgan Stanley), CreditEase FinTech Investment Fund, SBI Investment, 3L, Sound Ventures and Guy Oseary, with participation from existing investors such as Fin VC, Next47, Marc Benioff's TIME Ventures, Alexis Ohanian's Seven Seven Six, MaC Ventures, Republic, and more.