Stripe raises $150M in latest funding round

Investing | December 5, 2016 By:

Stripe has raised $150 million in a series D funding round, bringing its valuation to over $9 billion.

The recent funding round is being co-led by CapitalG, an investing arm of Alphabet Inc., and General Catalyst Partners, one of Stripe’s earliest investors. In addition, it is also drawing support from existing investors including Sequoia Capital.

Stripe has also separately received a credit line from leading banks including J.P. Morgan Chase & Co., Goldman Sachs Group Inc., Morgan Stanley and Barclays PLC. The company has now raised nearly $460 million.

Stripe is a provider of payment processing tools for websites and mobile apps backed by several companies and known investors including Sequoia Capital, Andreessen Horowitz, Peter Thiel and Elon Musk. Just last year, Stripe was valued at $5 billion, during its last funding round, which at the time justified its presence as one of the largest fintech firms in the US.