Stripe Raises $600M in Series G Extension Funding Round
Summary
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 company intends to use the funds to invest further in growing its platform, including: 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.