Stripe Raises $80M in Series C Funding

stripe-logoStripe, a San Francisco, CA-based online payments startup, raised $80m in Series C funding.

Backers included Sequoia Capital, Founders Fund, Khosla Ventures, and Allen & Co.

The funds will help the company continue to expand globally.

Launched in 2011 by Patrick and John Collison, Stripe provides a set of unified APIs and tools that enable businesses to accept and manage online and in mobile app payments. The company currently processes billions of dollars a year for thousands of businesses, from start-ups to Fortune 500 companies including Rackspace, Shopify, Reddit, Foursquare, DailyMotion, Lyft, etc.
It employs 83 people and is continuing to hire.

Before this massive round, Stripe had received $50m in funding from Sequoia Capital, Peter Thiel, and Elon Musk.



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