iPipeline's latest round a staggering $71.4 million

Tom Paine


Credit goes to Citybizlist for catching the Form D filing on Exton-based IPipeline's most recent round, which was announced last month. The actual amount of the round was $71.4 million.

While I can't determine now whether there were any other participants in this round, Technology Crossover Ventures was the only investor named in the press release, and there was no mention of anyone else being involved.

What exactly does an Insurance SaaS vendor do with $71.4 million? In addition to the usual needs to expand product development capabilities and sales & marketing resources, the press release also refers to international expansion. Also, the word is iPipeline will be moving to a larger headquarters building in Exton. Acquisitions, though not specifically mentioned in the press release, are another possibility, Providing some liquidity for shareholders and employees is sometimes a goal in these large later stage rounds, though there also is no mention of that.

As I had noted previously, Technology Crossover Ventures often makes some very large bets.