Stripe Raises More Money as VCs Chase Payments Companies
Posted on 04/17/2020
San Francisco-based Stripe, a payments infrastructure company, raised US$ 600 million in additional Series G funding from investors including Andreessen Horowitz, General Catalyst, GV (part of Alphabet), and Sequoia Capital. This would likely give Stripe a valuation of around US$ 36 billion.
Stripe disclosed in its press release that it has more than US$ 2 billion cash on its balance sheet.
“The current disruption underscores the need for reliable, easy-to-use infrastructure for internet businesses,” Stripe said in its press release.
In September 2019, Stripe raised US$ 250 million Series G investment, valuing the company at US$ 35 billion.