Online Commerce Startup Raises $600 Million
Despite the economic fallout from the COVID-19 pandemic, payments startup Stripe just raised an additional $600 million in new capital.
Stripe now has more than $2 billion on its balance sheet, according to the company, which facilities businesses to sell their goods online.
Investors in the Series G financing round included Andreessen Horowitz, General Catalyst, GV and Sequoia.
Stripe says the funds are to be used to step up “product development, global expansion and strategic initiatives.”