Stripe Rolls with $600M Round at $36B Valuation
April 20, 2020
secured a G round by raising an additional $600 million from investors
including Andreessen Horowitz, General Catalyst, GV, and Sequoia. The
financing takes place on the same terms and valuation as the Series G.
With more than $2 billion on its balance sheet, a capital-efficient
business model, and a highly-diversified, growing, global user base,
Stripe is in a position to both provide uninterrupted service to its
users in a time of stress and invest in long-term improvements.
Simplifying the steps involved in launching a business on Stripe. Even individual farmers, with no experience running an internet business, can quickly get started with Stripe to sell fresh produce online. Stripe will shortly have facilitated $1 billion in sales for businesses that launched on Stripe since the onset of the virus in the US.
Helping established companies pivot to the internet. In Australia, Westfield is building a platform on Stripe to help retailers move online; in the US, ChowNow launched a restaurant loyalty product with Stripe; and France’s largest B2B farmers’ market, RungisChezVous, is now using Stripe to sell goods directly to consumers.
Elastically scaling capacity for the businesses collectively using Stripe to process hundreds of billions of dollars each year, many of whom are seeing growth spikes. For users like Instacart, experiencing a 300% increase in customer demand year-over-year, it’s imperative that Stripe performs flawlessly.
Providing fast access to funds through Instant Payouts, Stripe Capital, the Stripe Corporate Card, and helping small businesses access government aid.
a critical infrastructure provider, Stripe plans 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, no matter the