Stripe Raises $600M in Series G Extension Funding Round


Stripe, a San Francisco, CA-based company building solutions to to accept payments and manage the business online, raised $600m in an extension of its Series G round.

Backers included Andreessen Horowitz, General Catalyst, GV, and Sequoia. The pre-money valuation remains the same of the first close of the round: $35 billion.

The company intends to use the funds to invest further in growing its platform, including:

  • continuing to hire around the world;
  • deepening its stack of software functionality to simplify online business;
  • accelerating its geographic expansion (with upcoming launches in Bulgaria, Cyprus, the Czech Republic, Hungary, Malta, and Romania); and
  • pursuing strategic initiatives or acquisitions.

Led by John Collison, President, who co-founded the company along with his brother Patrick in 2010, Stripe is a technology company that provides businesses of every size—from new startups to public companies— with software solutions to accept payments and manage their businesses online. The company currently has more than $2 billion on its balance sheet, a capital-efficient business model, and a diversified, global user base. In 2020, Stripe has already added Caviar, Coupa, Just Eat, Keap, Lightspeed, Mattel, NBC, and Paid and Zoom as customers.



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