Funding round
Stripe Series D
Stripe, which works in financial infrastructure solutions in Paris, raised $150M in a Series D round announced on 25 Nov 2016, led by CapitalG and General Catalyst, at a $9.20B post-money valuation. 3 firms took part, 2 of them already investors. It is Stripe's fourth venture round on record; the one before was a Series C in Jan 2014.
$150M
Amount raised
$9.20B
Post-money valuation
$9.05B pre-money
3
Investors
2 leads
5.3x
Step-up from the Series C
$1.75B in Jan 2014
1.6%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Stripe at $9.20B after the new money, 5.3 times the $1.75B of its Series C (Jan 2014). The $150M bought investors about 1.6% of the company. It came 34 months after Stripe's Series C. It is under 1% of the $166.87B Stripe has raised in the venture rounds on record. Stripe raised again 22 months later: a Growth round of $245M in Sep 2018, at $20.00B 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 this round 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
CapitalG and General Catalyst led the round with 1 other firm. General Catalyst and Sequoia Capital had backed Stripe before.
Lead investors
- CapitalG backs 70 venture-backed companies new investor
- General Catalyst backs 574 venture-backed companies existing investor
Also in the round
- Sequoia Capital backs 589 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, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Payment Processing & Point of Sale, then Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 1 Dec 2016 | $8.0M | not disclosed | not named |
| Payment Processing & Point of Sale | 9 Mar 2017 | $25M | not disclosed | GV |
| Tech Companies | 31 Oct 2016 | $72M | $600M | dfj |
| Bluevine Banks & ATMs | 14 Dec 2016 | $49M | not disclosed | Lightspeed Venture Partners |
| Tech Companies | 30 Oct 2016 | $41M | not disclosed | not named |
| Tech Companies | 21 Dec 2016 | $30M | not disclosed | not named |
| Loans & Financing | 25 Oct 2016 | $20M | not disclosed | Comcast Ventures and Stereo Capital |
| Pharmaceutical Products | 1 Dec 2016 | $15M | not disclosed | Health Evolution Partners |
Sources
Where this comes from
Reported by 6 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 Series D round?
Stripe raised $150M in its Series D round, announced in Nov 2016.
Who led Stripe's Series D round?
CapitalG and General Catalyst led it, with Sequoia Capital.
What was Stripe's valuation at the Series D round?
$9.20B post-money ($9.05B pre-money).
Did Stripe raise again after this round?
Yes: a Growth round in Sep 2018 of $245M at $20.00B post-money.