Funding round
Stripe Growth
Reported as "Growth Equity"
Stripe, which works in financial infrastructure solutions in Paris, raised $245M in a Growth round announced on 26 Sep 2018, led by Tiger Global, Sequoia Capital and DST Global, at a $20.00B post-money valuation. 11 firms took part. It is Stripe's fifth venture round on record; the one before was a Series D in Nov 2016.
$245M
Amount raised
$20.00B
Post-money valuation
$19.75B pre-money
11
Investors
3 leads
2.2x
Step-up from the Series D
$9.20B in Nov 2016
1.2%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Stripe at $20.00B after the new money, 2.2 times the $9.20B of its Series D (Nov 2016). The $245M bought investors about 1.2% of the company. It came 22 months after Stripe's Series D. It is under 1% of the $166.87B Stripe has raised in the venture rounds on record. Stripe raised again 12 months later: a Series G round of $250M in Sep 2019, at $35.25B post-money.
Stripe's funding rounds
Stripe has 9 venture rounds on record. This one is highlighted.
- Series A 9 Jul 2011 $20M
- Series B 10 Jul 2012, led by General Catalyst $20M
- Series C 23 Jan 2014, led by Founders Fund $80M$1.75B post-money
- Series D 25 Nov 2016, led by CapitalG and General Catalyst $150M$9.20B post-money
- Growth this round 26 Sep 2018, led by Tiger Global, Sequoia Capital and DST Global $245M$20.00B post-money
- Series G 19 Sep 2019, led by General Catalyst and Andreessen Horowitz $250M$35.25B post-money
- Series H+ 14 Mar 2021, led by Baillie Gifford $600M$95.00B post-money
- Series H+ 15 Mar 2023 $6.50B$50.00B post-money
- Growth 25 Feb 2026 $159.00B
Investors
Who put money in
Tiger Global, Sequoia Capital and DST Global led the round with 8 other firms.
Lead investors
- Tiger Global backs 391 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies new investor
- DST Global backs 179 venture-backed companies new investor
Also in the round
- Andreessen Horowitz backs 722 venture-backed companies new investor
- Kleiner Perkins backs 285 venture-backed companies new investor
- Khosla Ventures backs 396 venture-backed companies new investor
- General Catalyst backs 574 venture-backed companies new investor
- Thrive Capital backs 130 venture-backed companies new investor
- Visa new investor
- CapitalG backs 70 venture-backed companies new investor
- American Express new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
12 Growth rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $41M, and this round was 6.0 times the median. The closest in time, other companies' Growth rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 27 Sep 2018 | $25M | not disclosed | Goldman Sachs |
| PPRO Payment Processing & Point of Sale | 16 Jul 2018 | $50M | not disclosed | PayPal |
| Toss Business Payment Processing & Point of Sale | 10 Dec 2018 | $80M | $1.20B | Ribbit |
| BillDesk Payment Processing & Point of Sale | 1 Jan 2019 | $300M | not disclosed | Visa |
| Payment Processing & Point of Sale | 22 May 2018 | $35M | not disclosed | not named |
| BillDesk Payment Processing & Point of Sale | 1 Feb 2019 | $85M | $1.00B | Visa |
| Payment Processing & Point of Sale | 7 Feb 2019 | $64M | $273M | Insight Partners |
| Payment Processing & Point of Sale | 4 Apr 2019 | $30M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Stripe raise in its Growth round?
Stripe raised $245M in its Growth round, announced in Sep 2018.
Who led Stripe's Growth round?
Tiger Global, Sequoia Capital and DST Global led it, with Andreessen Horowitz, Kleiner Perkins, Khosla Ventures, General Catalyst and Thrive Capital and 3 more.
What was Stripe's valuation at the Growth round?
$20.00B post-money ($19.75B pre-money).
How does it compare with other Growth rounds in Payment Processing & Point of Sale?
12 Growth rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $41M, and this round was 6.0 times the median.
Did Stripe raise again after this round?
Yes: a Series G round in Sep 2019 of $250M at $35.25B post-money.