DOCSLIB.ORG

Redfin Announces $50-Million Investment Led by Tiger Global Management and T

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Redfin Announces $50-Million Investment Led by Tiger Global Management and T Redfin Announces $50-million Investment Led by Tiger Global Management and T. Rowe Price November 14, 2013 1:16 PM ET Financing Aims to Help Scale Redfin's Effort to Reinvent Real Estate in Consumers' Favor Seattle - Nov. 14, 2013: Redfin (www.redfin.com), the technology-powered real estate brokerage, today announced a mezzanine investment of $50 million led by Tiger Global Management LLC and by portfolios managed by T. Rowe Price Associates, Inc. Previous Redfin investors Greylock Partners, Globespan Capital Partners, DFJ Venture Capital, Vulcan Capital and The Hillman Company are also participating. Redfin will use the capital on new technology to make every step of home-buying and selling better for consumers, from the open house to the tour to the offer, negotiation and escrow process. "Redfin's devotion to the customer was apparent from our first meeting with the company," said Lee Fixel, Tiger Global partner. "The real estate industry is ready for an innovator who understands how business can be transformed by putting the customer first, as we've seen with many industries before. We are confident this strategy will create significant value for all stakeholders over the long term." "Redfin is reinventing the process of buying or selling a home," said Henry Ellenbogen, portfolio manager for T. Rowe Price's New Horizons Fund. "We invest in companies that have the opportunity to grow. We believe Redfin has the real-world service, management team and vision to be much larger." "T. Rowe Price and Tiger Global see opportunities over ten-year time-frames, building positions in companies as they grow from private businesses into industry leaders," said Redfin CEO Glenn Kelman. "We are delighted to have found partners who support our mission to make real estate better for consumers, not just ourselves, because this is the only way we know of to build a business for the ages." Austin Ligon, co-founder and former CEO of CarMax and Redfin board director, also took part in this financing. Prior to this financing, Redfin had raised $45.7 million in venture capital. Redfin Growth Milestones Redfin serves 22 major U.S. markets, with an award-winning website and mobile tools, as well as teams of experienced Redfin real estate agents who are paid to put their customers first. Major milestones include: Annual revenue growth of more than 50%. Increase of more than 100% in home-selling transactions. More than $175 million in customer savings on real estate fees. More than $13 billion in home sales. Expansion to five major markets in 2013, including Houston, Charlotte, and Miami. New ground-breaking technology like Redfin Price Whisperer, Redfin Matchmaker, Home Value Tool and Redfin School Search. Industry-leading customer satisfaction, with 97% of Redfin clients willing to recommend Redfin to a friend. Redfin Background Redfin is a leader in an emerging category of software companies that also offer real-world goods and services. The company's combination of technology and service benefits consumers on three fronts: Technology: Redfin invented map-based real estate search, then built technology to make every step of buying or selling a home better, from on-the-spot tour-scheduling to an online deal room to a targeted digital campaign for each listing. Advocacy: Redfin's on-demand service model takes the pressure out of working with its agents, who earn a bonus based not on the sale, but on the customer's satisfaction with the sale. Redfin agents fight to get customers a good Page 1/2 deal but also tell customers when to walk away from a bad one too. Value: because technology frees Redfin agents to spend their time serving -- not searching for -- clients, the company can deliver 97 percent customer satisfaction and an average savings of $10,000 in fees for a customer who buys and sells with Redfin. The company refunds up to half of the buyer's agent fee, and saves a typical listing client 1.5 percent of the home value. Connect with Redfin Facebook Google+ Twitter Download the Redfin mobile app About Tiger Global Management Tiger Global is a fundamentally-oriented, global investment firm. The Firm deploys capital in two businesses - private equity partnerships and public equity funds. Tiger Global's private equity partnerships have ten-year horizons and invest in growth companies in the global Internet and technology sectors. The Firm's public equity funds focus on long-term trends in the technology, telecom, media, retail and consumer sectors. Tiger Global was founded in 2001 and is based in New York. About T. Rowe Price Founded in 1937, Baltimore-based T. Rowe Price (troweprice.com) is a global investment management organization with $647.2 billion in assets under management as of September 30, 2013. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research. Connect with Redfin Facebook Twitter Instagram Google+ LinkedIn Blog Download the Redfin mobile app About Redfin Redfin (www.redfin.com) is a customer-first real estate brokerage that represents people buying and selling homes. Founded and run by technologists, Redfin has a team of experienced, full-service real estate agents who are advocates, not sales-people, earning customer-satisfaction bonuses, not commissions. Redfin.com features all the broker-listed homes for sale, as well as for-sale-by-owner properties that don't pay brokers a commission. Redfin also offers online tools that make the entire process of buying or selling a home easier and more fun. The company serves major markets across the U.S. and has closed more than $13 billion in home sales. In 2012, Redfin was named one of The DIGITAL 100: World's Most Valuable Private Tech Companies by Business Insider. Redfin Journalist Services [email protected] 206-588-6863 Page 2/2.
Load more

Recommended publications
  • Bloomberg Briefs
    Wednesday March 8, 2017 March 8, 2017 EIP Alpha Starts Asia Market-Neutral Strategy Quote of the Week By Klaus Wille EIP Alpha, a Hong Kong-based $406 million asset manager, has "This will have far-reaching started a new version of an Asia-focused market neutral fund that it wound down late last year. impacts, including lower beer The new $47 million EIP Asian Multi-Strategy Fund has an sales, as Generation Y expanded investment mandate that will allow it to invest in Japan gravitate towards the 'low and directly in China’s bond and equity markets through the firm’s carb' alternate." qualified foreign investor quota on the mainland, EIP’s Chief — Ben Cleary, co-manager of Tribeca Global Investment Officer Nicola Nicoletti said in an interview. The fund is a Natural Resources Fund, on the growing “repackaging” of the EIP Overlay Fund, which was closed in Nicola Nicoletti cannabis industry. Cleary's fund gained 145 November because the managers wanted to add to its investment percent last year in part by betting on scope. marijuana companies (see story) The new EIP fund targets positive returns in all kinds of markets with low volatility, Nicoletti said. The previous fund returned 6.4 percent per year since its inception in Inside 2002, he said. “With the development of the derivatives and borrowing markets in China, there Returns in Brief should be plenty of opportunities for us to generate alpha in a market-neutral fashion." Most February numbers are positive Nicoletti co-manages the fund with former Jardine Fleming Group banker Tobias for early-reporting Asia-focused Bland, who founded EIP in 2001 and Christopher Edwards, who previously worked with hedge funds.
    [Show full text]
  • Ramsey V. Coinbase Global, Inc. Et
    Case 3:21-cv-05634 Document 1 Filed 07/22/21 Page 1 of 25 1 John T. Jasnoch (CA 281605) SCOTT+SCOTT ATTORNEYS AT LAW LLP 2 600 W. Broadway, Suite 3300 San Diego, CA 92101 3 Telephone: 619-233-4565 Facsimile: 619-233-0508 4 [email protected] 5 Counsel for Plaintiff Donald Ramsey and the Proposed Class 6 [Additional counsel on signature page] 7 UNITED STATES DISTRICT COURT 8 NORTHERN DISTRICT OF CALIFORNIA 9 10 DONALD RAMSEY, Individually and on Case No. _______________ Behalf of All Others Similarly Situated, 11 Plaintiffs, CLASS ACTION COMPLAINT 12 v. 13 COINBASE GLOBAL, INC., BRIAN 14 ARMSTRONG, ALESIA J. HAAS, JENNIFER N. JONES, SUROJIT CHATTERJEE, PAUL 15 GREWAL, MARC L. ANDREESSEN, FREDERICK ERNEST EHRSAM III, 16 KATHRYN HAUN, KELLY KRAMER, GOKUL RAJARAM, FRED WILSON, AH 17 CAPITAL MANAGEMENT LLC, PARADIGM FUND LP, RIBBIT 18 MANAGEMENT COMPANY, LLC, TIGER GLOBAL MANAGEMENT, LLC, UNION JURY TRIAL DEMANDED 19 SQUARE VENTURES, LLC, and VISERION INVESTMENT PTE LTD. 20 Defendants. 21 22 23 24 25 26 27 28 CLASS ACTION COMPLAINT Case 3:21-cv-05634 Document 1 Filed 07/22/21 Page 2 of 25 1 Plaintiff Donald Ramsey (“Plaintiff”) makes the following allegations, individually and on 2 behalf of all other similarly situated, by and through Plaintiff’s counsel, upon information and 3 belief, except as to those allegations concerning Plaintiff, which are alleged upon personal 4 knowledge. Plaintiff’s information and belief are based upon, inter alia, counsel’s investigation, 5 which included, among other things, review and analysis of: (i) regulatory filings made by 6 Coinbase Global, Inc.
    [Show full text]
  • Investing in Shipping Marine Capital’S Gihan Ismail Brings Shipping to the Institutional Investment Market
    June 2015 AlphaFOR INSTITUTIONAL INVESTORS & ASSETQ MANAGERS CROWDFUNDING TIGER CUBS The new kid growing Sharpen their up on the block claws in the private markets INTELLECTUAL PROPERTY WINE SURVEY Mind the IP risks BNP Paribas reveals when doing the stats behind academic investing your glass of red MONETISING DATA STAMPS MANAGEMENT Using philately to Quality data breeds hedge inflation long-term success Investing in shipping Marine Capital’s Gihan Ismail brings shipping to the institutional investment market www.AlphaQ.world Source new investors Be the first to know about investors’ fund searches View performance of individual funds Customize performance benchmarks to meet your needs Access profiles for over 17,200 hedge funds Conduct market research and competitor analysis Develop new business Find out how Preqin’s Hedge Fund Online can help your business: www.preqin.com/hedge [email protected] | +44 (0)20 3207 0200 alternative assets. intelligent data. EDITORIAL elcome to the second edition of Global Fund Media’s AlphaQ, the digital magazine focused on skill-based, risk adjusted Wreturns. We have a plethora of subjects in this issue. Our cover story focuses on shipping, which provides institutional investment managers with true diversification. We look at the shipping industry and the fund route to investment. From here, our attention turns to crowdfunding which is rapidly maturing from its homespun origins to holding its own alongside its more traditional Private Equity and Venture Capital peers. Our piece explains how it can work for institutional investors. Stamp collecting has come a long way from its image of earnest ELEANOR ROSTRON youngsters, albums and pots of glue.
    [Show full text]
  • Alternative Investments 2020: the Future of Capital for Entrepreneurs and Smes Contents Executive Summary
    Alternative Investments 2020 The Future of Capital for Entrepreneurs and SMEs February 2016 World Economic Forum 2015 – All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, including photocopying and recording, or by any information storage and retrieval system. B Alternative Investments 2020: The Future of Capital for Entrepreneurs and SMEs Contents Executive summary 1 Executive summary Over the past decade, the external environment for alternative investments has seen 2 1. Introduction enormous changes. The areas affected the most are start-up capital and venture 3 1.1. Background funding for entrepreneurs, crowdfunding and marketplace lending for small businesses, 3 1.2. Scope and private debt for mid-market enterprises. 6 2. The shake-up of traditional start-up capital 6 2.1. Overview In all three cases, a set of interlocking factors is driving the emergence of new 8 2.2. What you need to know capital sources: 11 2.3. What to look out for 11 2.4. Take-away Regulation: where regulation constrains a capital flow for which there 1. is demand, a new source of capital will emerge to fulfil that demand; 12 3. The rise of crowdfunding 12 3.1. Overview 14 3.2. What you need to know Changes in demand for capital: where capital destinations develop 16 3.3. What to look out for 2. demand for new forms of funding, investors will innovate to meet it; 17 3.4. Take-away Technology: where technology enables new types of origination, 18 4. Mid-market capital 18 4.1.
    [Show full text]
  • Private Equity
    Private Equity Rakesh Sony Director, MOPE 1 AGENDA • PE-Overview • Why Private Equity • PE-India • Conclusion 2 MOTILAL OSWAL PRIVATE EQUITY • MOPE Investment Advisors Private Limited (“MOPE”) currently manages and / or advises four funds with combined corpus of Rs. 2,200 cr o India Business Excellence Fund-I (“IBEF-I”), a 2007 vintage Rs.550 cr fund § 13 investment across 11 sectors § Have partially exited from 2 companies o India Business Excellence Fund-II (“IBEF-II”), a 2011 vintage Rs.950 cr fund § Fund raised from marquee global Institutional investors § Already made six investments o Actively deploying capital in growth opportunities o India Realty Excellence Fund (“IREF-I”), a 2008 vintage Rs.200 cr fund § 7 investments in Mumbai, Bangalore and Pune o India Realty Excellence Fund (“IREF-II”), a 2013 vintage Rs.500 cr fund • Awarded ‘Best Growth Capital Investor 2012’ by Venture Intelligence, a leading provider of information on private equity in India. Awardees for this award are chosen by a jury panel consisting exclusively of institutional investors 3 PRIVATE EQUITY - AN OVERVIEW Private Equity refers to the equity capital raised by companies, mostly unlisted, from Private/ Institutional Investors. • Offshore and domestic Institutions • Thematic funds • Fund of Funds Raise • Sector agnostic funds • Family Offices/HNI’s Capital Evaluate • Buy out funds • Retail Investors Market • Multi Strategy Funds Segments Exit Portfolio • Proprietary Companies • Intermediaries (CA’s & • IPO – Public market sale PE IB’s) Generate • Secondary/Strategic
    [Show full text]
  • Building for the Future
    FEBRUARY 2019 CONSTRUCTION & TECHNOLOGY: BUILDING FOR THE FUTURE CONSTRUCTION & TECHNOLOGY: BUILDING FOR THE FUTURE ABOUT THE AUTHOR Navitas Capital is a venture capital firm focused on early-stage technology investments for the real estate and construction industries. Current and past portfolio companies include Katerra, PlanGrid (Autodesk), Matterport, Truss, HqO, Bowery, Aquicore, Livly, Gridium, View, Honest Buildings, Harbor, PeerStreet, Sweeten, Comfy (Siemens) and Can2Go (Schneider Electric). Navitas offers a unique perspective on the built world spanning multiple venture capital funds since 2011, as well as the partners’ own experience owning, managing, and developing over $1B in real estate assets. Navitas’ combination of venture capital & real estate experience, along with the ability to test and deploy cutting-edge technology across its own portfolio, creates a unique investment platform for its portfolio companies and limited partners. Beyond its own capital and real estate, Navitas helps startups scale rapidly by facilitating access to Navitas' network of industry leading LPs with global scale. Navitas’ investment strategy is to provide a combination of growth capital, industry expertise, and market access to high growth technology companies. Navitas is currently investing out of its second VC fund that includes anchor strategic commitments from a number of industry leading LPs. Please visit our website for more information. NORTHERN CALIFORNIA 1111 Broadway Ave. Oakland, CA 94608 SOUTHERN CALIFORNIA 9460 Wilshire Blvd. Suite
    [Show full text]
  • Donald Ramsey, Et Al. V. Coinbase Global, Inc., Et Al. 21-CV-05634-Class Action Complaint
    Case 3:21-cv-05634-VC Document 8 Filed 07/23/21 Page 1 of 23 1 John T. Jasnoch (CA 281605) SCOTT+SCOTT ATTORNEYS AT LAW LLP 2 600 W. Broadway, Suite 3300 San Diego, CA 92101 3 Telephone: 619-233-4565 Facsimile: 619-233-0508 4 [email protected] 5 Counsel for Plaintiff Donald Ramsey and the Proposed Class 6 [Additional counsel on signature page] 7 UNITED STATES DISTRICT COURT 8 NORTHERN DISTRICT OF CALIFORNIA 9 10 DONALD RAMSEY, Individually and on Case No. 3:21-cv-05634-VC Behalf of All Others Similarly Situated, 11 Plaintiffs, CLASS ACTION COMPLAINT 12 v. 13 COINBASE GLOBAL, INC., BRIAN 14 ARMSTRONG, ALESIA J. HAAS, JENNIFER N. JONES, SUROJIT CHATTERJEE, PAUL 15 GREWAL, MARC L. ANDREESSEN, FREDERICK ERNEST EHRSAM III, 16 KATHRYN HAUN, KELLY KRAMER, GOKUL RAJARAM, FRED WILSON, AH 17 CAPITAL MANAGEMENT LLC, PARADIGM FUND LP, RIBBIT 18 MANAGEMENT COMPANY, LLC, TIGER GLOBAL MANAGEMENT, LLC, UNION JURY TRIAL DEMANDED 19 SQUARE VENTURES, LLC, and VISERION INVESTMENT PTE LTD. 20 Defendants. 21 22 23 24 25 26 27 28 CLASS ACTION COMPLAINT Case 3:21-cv-05634-VC Document 8 Filed 07/23/21 Page 2 of 23 1 Plaintiff Donald Ramsey (“Plaintiff”) makes the following allegations, individually and on 2 behalf of all other similarly situated, by and through Plaintiff’s counsel, upon information and 3 belief, except as to those allegations concerning Plaintiff, which are alleged upon personal 4 knowledge. Plaintiff’s information and belief are based upon, inter alia, counsel’s investigation, 5 which included, among other things, review and analysis of: (i) regulatory filings made by 6 Coinbase Global, Inc.
    [Show full text]
  • Chase Coleman Makes a Killing
    COVER STORieS THE WORLD’S RICHEST HEDGE FUNDS ILLUSTRATION BY ISTVÁN SZUGYICZKY Month 2012 BLOOMBERG MARKETS 29 CHASE COLEMAN’S TIGER GLOBAL FUND SCORED A 45 PERCENT GAIN AND THE NO. 1 SPOT. OtHER ACOLYTES OF TIGER MANAGEMENT FOUNDER JULIAN ROBERTSON ALSO THE DISTINGUISHED THEMSELVES IN A YEAR WHEN PERFORMANCE WAS GENERALLY DISMAL. THE WORLD’S 100 RICHEST HEDGE FUNDS TIGER CUBS ROAR BY ANTHONY EFFINGER, KATHERINE BURTON AND ARI LEVY ILLUSTRATION BY DAVID JOHNSON Left to right, Bill Hwang of Tiger Asia, Chase Coleman of Tiger Global, Julian Robertson of Tiger Management and Philippe Laffont of Coatue Management February 2012 BLOOMBERG MARKETS 31 THE WORLD’S 100 RICHEST HEDGE FUNDS TOP-P100ERFORMING LARGE HEDGE FUNDS CHARLES PAYSON ASSETS, IN YTD TOTAL 2010 Fund, Manager(s) Management Firm, Location Strategy BILLIONS RETURN RETURN COLEMAN III, KNOWN AS CHASE, 1 Tiger Global, Chase Coleman, Feroz Dewan Tiger Global Management, U.S. Long/short 6.0 45.0% 18.0% IS AS CLOSE AS ONE 2 Renaissance Institutional Equities, Peter Brown, Robert Mercer Renaissance Technologies, U.S. Quantitative 7.0 33.1 16.4 GETS TO AMERICAN 3 Pure Alpha II, Ray Dalio Bridgewater Associates, U.S. Macro 53.0 23.5 44.8 ARISTOCRACY. 4 Discus Managed Futures Program, Team managed Capital Fund Management, France Managed futures 2.5 20.9 –6.7 A descendent of Peter Stuyvesant, 5 Providence MBS, Russell Jeffrey Providence Investment Management, U.S. Mortgage-backed arbitrage 1.3 20.6 30.3 the last Dutch governor of New York, 6 Oculus, David E. Shaw D.E.
    [Show full text]
  • TIGER GLOBAL LONG OPPORTUNITIES, L.P. Form D/A Filed 2019-07-09
    SECURITIES AND EXCHANGE COMMISSION FORM D/A Official notice of an offering of securities that is made without registration under the Securities Act in reliance on an exemption provided by Regulation D and Section 4(6) under the Act. [amend] Filing Date: 2019-07-09 SEC Accession No. 0000919574-19-004500 (HTML Version on secdatabase.com) FILER TIGER GLOBAL LONG OPPORTUNITIES, L.P. Mailing Address Business Address C/O TIGER GLOBAL C/O TIGER GLOBAL CIK:1588773| IRS No.: 000000000 | State of Incorp.:DE | Fiscal Year End: 1213 PERFORMANCE LLC PERFORMANCE LLC Type: D/A | Act: 33 | File No.: 021-204417 | Film No.: 19946592 9 WEST 57TH STREET, 35TH 9 WEST 57TH STREET, 35TH FLOOR FLOOR NEW YORK NY 10019 NEW YORK NY 10019 212-500-3882 Copyright © 2019 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL OMB Number: 3235-0076 Washington, D.C. 20549 June 30, Expires: FORM D 2012 Estimated average burden hours per 4.00 Notice of Exempt Offering of Securities response: 1. Issuer's Identity CIK (Filer ID Number) Previous Name(s) ☒ None Entity Type 0001588773 ☐Corporation Name of Issuer ☒ Limited Partnership TIGER GLOBAL LONG ☐ Limited Liability Company OPPORTUNITIES, L.P. Jurisdiction of Incorporation/ ☐ General Partnership Organization ☐ Business Trust DELAWARE ☐Other Year of Incorporation/Organization ☒ Over Five Years Ago ☐ Within Last Five Years (Specify Year) ☐ Yet to Be Formed 2. Principal Place of Business and Contact Information Name of Issuer TIGER GLOBAL LONG OPPORTUNITIES, L.P. Street Address 1 Street Address 2 C/O TIGER GLOBAL PERFORMANCE, LLC 9 WEST 57TH STREET, 35TH FLOOR City State/Province/Country ZIP/Postal Code Phone No.
    [Show full text]
  • Walmart-Flipkart Acq Flipkart Acquisition: a Case Study
    International Research Journal of Social Sciences___________________________________ ___ ISSN 2319–3565 Vol. 9(2), 21-31, April (2020) Int. Res. J. Social Sci. Case Study Walmart-Flipkart Acquisition: a case study Ritu Wadhwa Amity Business School, Amity University, India [email protected] Available online at: www.isca.in, www.isca.me Received 17 th November 2019, revised 20th December 2019, accepted 25th February 20 20 Abstract There are various reasons of increasing M&A however, most acquisitions and mergers are done to reduce competition. Year 2017 was the booming year for mergers and acquisition activity specially in e -commerce sector as this sector saw M&A worth $2,112 million according to report of Grant Thornton. Further, India has a potential to nurture more than fourfold to approx. $150 billion by the year 2022, affected by increasing income and heave in the internet users, as per the latest reports. Amongst all e-tailing segment is the fastest growing. Making the biggest acquisition in e -tailing sector this report puts light on the Most recent case of American retail giant which has acquired Flipkart in a competition with Amazon. Furthermore, it divulges the viewpoint behind the huge acquisition and how this will contribute to the Indian economy progression. The strategy behind Walmart-Flipkart allianc e is more than just taking on Amazon. For Walmart this alliance will make its entry into retail in India which was long awaited through e-commerce route by holding Flipkart’s hand. Following this acquisition, the industry has come under the lenses of lawma kers and regulators and the new draft e-commerce policy has been formulated which mentions stern regulations on online retail, including curbs on discounts, which has caused an uproar in the industry.
    [Show full text]
  • Top 10 Fund Managers by Strategy Download Data
    View the full edition of Spotlight at: https://www.preqin.com/docs/newsletters/pe/Preqin-Private-Equity-Spotlight-June-2015.pdf Lead Article Top 10 Fund Managers by Strategy Download Data Top 10 Fund Managers by Strategy Matthew Morris compiles league tables of the top 10 fund managers by strategy to take a closer look at which GPs have raised the most capital over the past decade and which have the most available to invest. Preqin’s Fund Manager Profi les online service currently holds based on the value of funds raised from third-party investors over information on over 8,800 active private equity fund managers the past 10 years, as well as by the estimated amount of dry powder covering a variety of different investment strategies. The tables available for future investments. below* provide a snapshot of the largest players for each fund type Fig. 1: Buyout – 10 Largest Fund Managers by Total Funds Fig. 2: Buyout – 10 Largest Fund Managers by Estimated Dry Raised in Last 10 Years Powder Total Funds Estimated Dry Rank Firm Headquarters Rank Firm Raised in Last 10 Headquarters Powder ($bn) Years ($bn) 1 Blackstone Group 21.4 US 1 Blackstone Group 56.3 US 2 Carlyle Group 18.0 US 2 Carlyle Group 55.4 US Apollo Global 3 17.9 US 3 TPG 51.5 US Management 4 Kohlberg Kravis Roberts 50.6 US 4 CVC Capital Partners 17.9 UK 5 CVC Capital Partners 48.5 UK 5 Hellman & Friedman 12.7 US Apollo Global 6 TPG 11.2 US 6 43.2 US Management 7 Bain Capital 10.9 US 7 Bain Capital 39.2 US 8 Kohlberg Kravis Roberts 8.1 US 8 Apax Partners 32.1 UK 9 Silver Lake 7.5 US 9 Advent International 28.2 US 10 Goldman Sachs 7.1 US 10 Hellman & Friedman 28.2 US Source: Preqin Fund Manager Profi les Source: Preqin Fund Manager Profi les Fig.
    [Show full text]
  • Stripe | Private Company Profile
    Last Updated: 12-Apr-2021 pbId: 54782-29 Stripe | Private Company Profile Highlights PitchBook Analyst Coverage Employees 2500 As of 08-Apr-2021 Fundraising Last Deal Details From Series H $600.00M 1 Months Since Last Deal Later Stage VC (Series H) 14-Mar-2021 New Vertical Entered by Investors New Vertical Entered by Investor B2B Payments FinTech As of 14-Mar-2021 As of 14-Mar-2021 Post Valuation Total Raised to Date $95.00B $2.49B As of 14-Mar-2021 As of 14-Mar-2021 Valuation Step-up 2.62x Series G - Series H General Information Description Developer of an online payments processing platform intended to integrate electronic payments and enable secure transactions for online businesses. The company's platform offers application program interfaces (APIs) and streamlines coding that focuses on fraud prevention and helps to manage business operations, enabling clients to accept payments from anyone in a secure manner. Most Recent Financing Status (as of 08-Apr-2021) The company raised $600 million of Series H venture funding from Allianz X, Sequoia Capital and AXA on March 14, 2021, putting the company's pre-money valuation at $94.4 billion. Baillie Gifford, Fidelity Investments and Ireland Strategic Investment Fund also participated in the round. The funds will be used to invest in its European operations, and its Dublin headquarters, in particular, support surging demand from enterprise heavyweights across Europe and expand its Global Payments and Treasury Network. 1 Entity Types Private Company Year Founded 2009 Acquirer Universes M&A, Venture Capital Website www.stripe.com Employees 2,500 Formerly Known DevPayments, HGSC, As SlashDevSlashFinance Legal Name Stripe, Inc.
    [Show full text]