Bishopstown, Cork, Ireland
Pipelyne is a SaaS company founded by Adrian Casey that replaces static contact forms on home service company websites with conversational, data-driven forms that provide customers with instant estimated costs for services such as HVAC installation. The product is designed to increase inbound leads for service businesses without additional marketing spend, and the company reported an average 220% increase in leads for businesses using its form. Pipelyne was spun out of Swift Holdings, the parent entity that also owns Swift Energy, an Ireland-based HVAC and solar PV installation business co-founded by Casey in January 2018. Swift Energy served as Pipelyne's first and largest customer, and the IP originally built for Swift Energy was transferred into Pipelyne, which then licenses the technology back to Swift Energy. The SaaS product officially launched on March 10, 2022. In late 2021, Pipelyne raised a $1.5 million seed round at a post-money valuation of approximately $20 million. At the time of the March 2022 interview, the company had 25 paying customers, monthly recurring revenue of roughly $4,000, and a team of eight people. Casey stated a burn rate of $30,000 to $40,000 per month and set a target of $85,000 in MRR before pursuing the next funding round.
- Revenue
- $716.5K
- Customers
- 25
- Year founded
- 2020
- Funding
- $1.5M
- Team size
- 3
- Growth
- -