Funding round
Stripe Series B
Stripe, which works in financial infrastructure solutions in Paris, raised $20M in a Series B round announced on 10 Jul 2012, led by General Catalyst. 4 firms took part, 3 of them already investors. It is Stripe's second venture round on record; the one before was a Series A in Jul 2011.
$20M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Stripe did not disclose a valuation in this round. It came 12 months after Stripe's Series A. It is under 1% of the $166.87B Stripe has raised in the venture rounds on record. Stripe raised again 18 months later: a Series C round of $80M in Jan 2014, at $1.75B 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 this round 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 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
General Catalyst led the round with 3 other firms. General Catalyst, Sequoia Capital and Founders Fund had backed Stripe before.
Lead investor
- General Catalyst backs 574 venture-backed companies existing investor
Also in the round
- Sequoia Capital backs 589 venture-backed companies existing investor
- Redpoint Ventures backs 194 venture-backed companies new investor
- Founders Fund backs 368 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
6 Series B rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $12M, and this round was 1.7 times the median. The closest in time, other companies' Series B rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 15 Jun 2012 | $31M | not disclosed | Greylock Partners and Northzone |
| Payment Processing & Point of Sale | 17 Oct 2012 | $35M | not disclosed | New Enterprise Associates |
| Payment Processing & Point of Sale | 25 Oct 2012 | $3.2M | not disclosed | Inovia and Bluff Point Associates |
| Payment Processing & Point of Sale | 7 Feb 2012 | $5.0M | not disclosed | Union Square Ventures |
| Tipalti Payment Processing & Point of Sale | 12 Jun 2013 | $13M | not disclosed | Wicklow Capital |
| Payment Processing & Point of Sale | 1 Jul 2013 | $10M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Stripe raise in its Series B round?
Stripe raised $20M in its Series B round, announced in Jul 2012.
Who led Stripe's Series B round?
General Catalyst led it, with Sequoia Capital, Redpoint Ventures and Founders Fund.
What was Stripe's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Payment Processing & Point of Sale?
6 Series B rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $12M, and this round was 1.7 times the median.
Did Stripe raise again after this round?
Yes: a Series C round in Jan 2014 of $80M at $1.75B post-money.