Stripe launched in 2011 by Patrick and John Collison. In a September 2019 interview with CNBC, John Collison stated that the company has no plans to go public and that Stripe is “very happy as a private company.” These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Stripe develops software to facilitate transactions over the internet. Its payments platform is used by millions of users globally, according to the company. Stripe has raised over $1.85 billion in Venture Capital funding from investors including Novator Partners, Tiger Global Management, CapitalG, Base Partners, Connect Ventures, Golden Gate Ventures, GV, Kleiner Perkins, Salesforce Ventures, Union Square Ventures, Khosla Ventures, General Catalyst, Lowercase Capital, Andreessen Horowitz, and Sequoia Capital. Per company press releases, Stripe last raised a Series G expansion in April 2020 bringing the round total to $850 million at a post-money valuation of $36 billion.