Stripe | Private Company Profile
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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. Business Status Generating Revenue Ownership Status Privately Held (backing) Financing Status Venture Capital-Backed Industries, Verticals & Keywords Primary Industry Verticals Keywords Financial Software B2B Payments mobile payment platform FinTech online payment management Other Industries Mobile online payment service Business/Productivity Software SaaS online payment tools Other Financial Services online payment system Appears in PitchBook Analyst Market Map Q4 2020 Fintech Q2 2020 - Fintech Q2 2020 - Fintech - Payments 603 Companies | Robert Le 508 Companies | Robert Le 71 Companies | Robert Le Q1 2020 - FinTech 463 Companies | Robert Le What PitchBook Analysts Say "Financial infrastructure and data aggregator fintech companies are becoming attractive M&A candidates as acquirers seek to own larger parts of the financial services value chain." Q2 2020 Emerging Tech Research: Fintech | 06-Aug-2020 | Robert Le | FinTech Contact Information Primary Contact Primary Office William Gaybrick JD 510 Townsend Street Chief Product Officer and Head of Payments San Francisco, CA 94103 [email protected] United States [email protected] Alternate Offices Canada Dubai Canada Dubai United Arab Emirates [email protected] [email protected] 2 Dublin London Dublin London Ireland England, United Kingdom [email protected] [email protected] Paris Seattle Paris Seattle, WA France United States [email protected] [email protected] Singapore Tokyo Singapore Tokyo Singapore Japan [email protected] [email protected] Top 5 Similar Companies # Name Competitor Financing HQ Location Primary Industry Year Last Financing Last Financing Amount Status Founded Date/Type 1 ZooZ Formerly San Francisco, Financial Software 2010 2018/M&A $75.00M VC-backed CA 2 Electronic Corporate SterlinAshburn, Other Financial 1994 2018/M&A Transaction Backed or VA Services Systems Acquired 3 WorldPay Formerly London, United Financial Software 1989 2018/M&A $12.61B (Global PE-Backed Kingdom Payment Processing) 4 Transactis Formerly New York, NY Financial Software 2001 2019/M&A $57.00M VC-backed 5 Braintree Formerly Chicago, IL Financial Software 2007 2013/M&A $713.00M VC-backed Comparisons Stripe ZooZ Electronic WorldPay (Global Transaction Systems Payment Processing) Description Developer of an online Developer of a mobile Provider of digital Developer of payment payments processing payment platform designed payments, online processing technology and platform intended to to maximize payments transactions and merchant services created to offer integrate electronic performance. processing services secure payment services. payments and enable intended to make the secure transactions for payment process more online businesses. simpler. Primary Industry Financial Software Financial Software Other Financial Services Financial Software HQ Location San Francisco, CA San Francisco, CA SterlinAshburn, VA London, United Kingdom Employees 2500 | 2021 70 | 2020 - 8000 | 2018 3 Total Raised $2.49B $15.50M $6.59B Post Valuation $95.00B E | 13-Mar-2021 $75.00M E | 22-Jul-2018 - $12.61B E | 15-Jan-2018 Last Financing Details $600.00M | 2021/Later $75.00M | Undisclosed amount | $12.61B | Stage VC (Series H) 2018/Merger/Acquisition 2018/Merger/Acquisition 2018/Merger/Acquisition Market Cap - - - $10.93B | TTM | 29-Sep- 2017 Stock Price - - - $5 | TTM | 29-Sep-2017 E Estimated Patents 29 82 14 11 0 4 Total Patents Total Documents Active Pending Expiring Inactive Families Applications and Grants In next 12 mo Top Patent Technology (CPC codes): Data processing systems or methods, specially adapted for administrative, commercial, financial, managerial, supervisory or forecasting purposes, General building constructions, Recognition of data, Transmission of digital information Recent Patent Activity Publication ID Patent Title Activity Activity Family Id Technology Citations Independent First Filing Date Date (CPC) Claims US-20190272412-A1 ENTITY Pending 25-Feb-2021 66673229 G06K9/00288 3 24-Mar-2017 RECOGNITION FROM AN IMAGE US-20170278085-A1 METHODS AND Granted 24-Feb-2021 59897005 G06Q20/12 8 3 25-Mar-2016 SYSTEMS FOR PROVIDING PAYMENT INTERFACE SERVICES USING A PAYMENT PLATFORM US-10949822-B2 Methods and systems Active 24-Feb-2021 59897005 G06Q20/12 0 3 25-Mar-2016 for providing payment interface services using a payment platform US-20200098027-A1 SYSTEMS AND Pending 18-Feb-2021 69883483 G06Q30/0619 3 20-Sep-2018 METHODS USING COMMERCE PLATFORM CHECKOUT PAGES FOR MERCHANT TRANSACTIONS US-20200279242-A1 PUSH PAYMENT Pending 23-Jan-2021 70058464 G06Q20/12 3 28-Feb-2019 DECISION ROUTING Current Team (16) Name Title Board Office Phone Email Seats 4 Patrick Collison Co-Founder, Content San Francisco, [email protected] Strategist & Chief CA Executive Officer John Collison Co-Founder & San Francisco, [email protected] President CA Claire Johnson Chief Operating Officer 1 San Francisco, [email protected] CA David Singleton Chief Technology San Francisco, [email protected] Officer CA Jim Stoneham Chief Marketing Officer San Francisco, [email protected] CA Mike Clayville Chief Revenue Officer San Francisco, [email protected] CA William Gaybrick Chief Product Officer San Francisco, [email protected] JD and Head of Payments CA Noah Pepper APAC Business Lead San Francisco, +1 (503) 753-4808 [email protected] CA William Alvarado Chief Business Officer San Francisco, [email protected] CA Belal Aftab Executive, Platform San Francisco, +1 (415) 298-5539 [email protected] Partnerships CA Courtland Allen Indie Hacker San Francisco, [email protected] CA Jordan Angelos Head, Mergers & 1 San Francisco, [email protected] Acquisitions and CA Investing Maia Josebachvili Head, Mergers & San Francisco, [email protected] Acquisitions and CA Investing (Interim) Sarah Heck Head of San Francisco, [email protected] Entrepreneurship CA Bob Van Winden Head of Operations San Francisco, [email protected] CA Dhivya Chief Financial Officer San Francisco, [email protected] Suryadevara CA Current Board Seats (1) Name Role Company Industry Location Since Phone Email 5 Jordan Angelos Board Member Step (Financial Financial Palo Alto, CA Jun 2019 [email protected] Software) Software Current Board Members (5) Name Title Representing Role Since Phone Email Christa Davies Board Member Self Board Jan 2021 +44 [email protected] Member (0)20 7623 5500 Diane Greene Board Member Stripe Board Jan 2018 [email protected] Member Jonathan Board Member Board Jan 2019 +1 (408) [email protected] Chadwick Member 501-8550 Mark Carney Board Member Stripe Board Feb 2021 Member Michael Moritz Partner & Chairman Sequoia Capital Board Mar 2011 +1 (650) [email protected] Member 854-3927 Deal History (16) # Deal Type Date Amount Raised to Pre-Val Post-Val Status Stage Date 16. Later Stage VC 14-Mar-2021 $600.00M $2.49B $94.40B $95.00B Completed Generating (Series H) Revenue 15. Later Stage VC 16-Apr-2020 $850.00M $1.89B $35.15B $36.00B Completed Generating (Series G) Revenue 14. Later Stage VC 29-Jan-2019 $100.00M $1.04B $22.40B $22.50B Completed Generating (Series F) Revenue 13. Later Stage VC 26-Sep-2018 $245.00M $937.00M $20.01B $20.25B Completed Generating (Series E) Revenue 12. Later Stage VC 01-Dec-2016 $150.00M $692.00M $8.85B $9.00B Completed Generating (Series D) Revenue 11. Corporate 03-Oct-2016 $292.00M Completed Generating Revenue 10. Later Stage VC 28-Jul-2015 $100.00M $292.00M $4.90B $5.00B Completed Generating (Series C2) Revenue 9. Later Stage VC 02-Dec-2014 $70.00M $192.00M $3.53B $3.60B Completed Generating (Series C1) Revenue 8. Later Stage VC 22-Jan-2014 $80.00M $122.00M $1.67B $1.75B Completed Generating (Series C) Revenue 7. Early Stage VC 27-Jun-2013 $42.00M Completed Generating (Series B2) Revenue 6. Accelerator/Incubator 18-Jun-2013 $42.00M Completed Generating Revenue 6 5. Early Stage VC 09-Jul-2012 $20.00M $42.00M Completed Generating (Series B) Revenue 4. Early Stage VC 09-Feb-2012