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.