Funding round
Stripe Series H+
Reported as "Series H"
Stripe, which works in financial infrastructure solutions in Paris, raised $600M in a Series H+ round announced on 14 Mar 2021, led by Baillie Gifford, at a $95.00B post-money valuation. 7 firms took part. It is Stripe's seventh venture round on record; the one before was a Series G in Sep 2019.
$600M
Amount raised
$95.00B
Post-money valuation
$94.40B pre-money
7
Investors
1 lead
2.7x
Step-up from the Series G
$35.25B in Sep 2019
under 1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Stripe at $95.00B after the new money, 2.7 times the $35.25B of its Series G (Sep 2019). The $600M bought investors about under 1% of the company. It came 18 months after Stripe's Series G. It is under 1% of the $166.87B Stripe has raised in the venture rounds on record. Stripe raised again 24 months later: a Series H+ round of $6.50B in Mar 2023, at $50.00B 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 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+ this round 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
Baillie Gifford led the round with 6 other firms.
Lead investor
- Baillie Gifford new investor
Also in the round
- Allianz X backs 23 venture-backed companies new investor
- Axa new investor
- Fidelity Management & Research Company new investor
- Sequoia Capital backs 589 venture-backed companies new investor
- Ireland’s National Treasury Management Agency (NTMA) new investor
- National Treasury Management Agency
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
The closest in time: 1 in Payment Processing & Point of Sale, then Series H+ rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Toss Business Payment Processing & Point of Sale | 30 Jun 2021 | $410M | $7.40B | Alkeon |
| Hosting & Cloud Infrastructure Providers | 23 Mar 2021 | $5.0M | not disclosed | init6 |
| Cryptocurrency | 1 Mar 2021 | $300K | not disclosed | not named |
| VerSe Tech Companies | 8 Feb 2021 | $100M | not disclosed | Qatar Investment Authority and Glade Brook |
| Tech Companies | 1 Jan 2021 | $10M | not disclosed | not named |
| DailyHunt Tech Companies | 31 Dec 2020 | $100M | $1.01B | Alpha Wave Global |
| Renewable energy companies | 30 Jun 2021 | $8.2M | not disclosed | Lightrock |
| Gopuff Groceries | 1 Jul 2021 | $1.00B | $15.00B | not named |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Stripe raise in its Series H+ round?
Stripe raised $600M in its Series H+ round, announced in Mar 2021.
Who led Stripe's Series H+ round?
Baillie Gifford led it, with Allianz X, Axa, Fidelity Management & Research Company, Sequoia Capital and Ireland’s National Treasury Management Agency (NTMA) and 1 more.
What was Stripe's valuation at the Series H+ round?
$95.00B post-money ($94.40B pre-money).
Did Stripe raise again after this round?
Yes: a Series H+ round in Mar 2023 of $6.50B at $50.00B post-money.