Stripe funding round values it at US$9 billion
(22 November 2016 – Global) Digital Payments platform, Stripe has raised more than A$200 million (US$150 million) in a Series D funding round which values the firm at more than US$9 billion.
CaptialG, which sits under Google’s parent company, Alphabet and General Catalyst Partners are leading the round, also joined by existing investors including Sequoia Capital.
The new deal values Stripe at nearly double the US$5 billion it was pegged at during its last funding round over a year ago. The firm has now attracted some US$460 million in investment since its 2010 launch.
In addition to the latest raise, Stripe has received a line of credit from banks including JPMorgan Chase, Goldman Sachs, Morgan Stanley and Barclays.
CFO Will Gaybrick said that the funds will be used to make acquisitions and fuel international expansion.
Subscribe