Founded in 2010, this payment processing startup Stripe, Inc. has transformed the way businesses handle online transactions. But can you really appreciate the success of Stripe without understanding the crucial funding rounds that propelled its growth? Let's dive into the vibrant history of Stripe's funding and explore how each round shaped the company we know today.
Stripe - Company Overview
Stripe was co-founded by brothers Patrick Collison and John Collison. Their mission? To simplify the payment process for online businesses, making it smoother and more transparent. From its inception, the platform gained traction quickly and has expanded its reach globally.
At its core, Stripe provides payment processing solutions, but that's just the tip of the iceberg. The company offers a range of services including subscription billing, fraud prevention, and even business management tools. This diverse suite of offerings has made Stripe a key player for both small startups and large enterprises.
Stripe Funding Rounds
Stripe has secured a total of $9.4 billion in funding through 19 rounds of investment. The most recent funding round was completed on February 20, 2024, through a secondary market transaction.
Funding Round | Year | Amount Raised |
Seed Round | 2011 | $2M |
Series A | 2012 | $18M |
Series B | 2012 | $20M |
Series C | 2014 and 2015 | $250M |
Series D | 2016 | $150M |
Series E | 2018 and 2019 | $345M |
Series G | 2019 and 2020 | $850M |
Series H | 2021 | $600M |
Series I | 2023 | $6.5B |
Secondary Market | 2024 | $694.2M |
Data Credits: Crunchbase
Stripe Key Investors
The key investors of Stripe are:
E1 Ventures
Thrive Capital
Founders Fund
MSD Partners
General Catalyst
Baillie Gifford
Andreessen Horowitz
Sequoia Capital
Fidelity
AXA Group
Allianz X
National Treasury Management Agency (NTMA)
Tiger Global Management
CapitalG
Y Combinator
Stripe Investments and Acquisitions
Stripe has made a total of 13 investments in diverse companies. The most recent diversity investment was made on February 28, 2024, when Vengo AI raised $300,000. Stripe has also acquired 16 organizations. The most recent acquisition was Bridge, which was completed on October 20, 2024 for $1.1 billion.
Most Asked Questions
What is the total funding raised by Stripe?
Stripe has raised a total of $9.4 billion over 19 rounds of funding.