Stripes (growth equity firm) explained

Stripes
Type:Privately held company
Foundation:2008
Founder:Ken Fox
Location:40 10th Avenue, 5th Floor New York, New York, US
Assets:US$7 billion

Stripes (Stripes, LLC) is a private equity and venture capital firm based in Manhattan, New York, founded in 2008.[1] [2] In 2024, Stripes has US$7 billion of assets under management and more than 80 investments.[3] Notable investments include On Running and Monday.com.[4]

History

Stripes was founded by Ken Fox in 2008.[5]

Investments

Selected Stripes investments include:[4]

Company
A24[6]
Aviron[7]
Axonius[8]
BacklotCars (acquired by KAR Global)[9]
Balto[10]
BookMyShow[11]
Boulder Care[12]
BRUNT Workwear[13]
CarOnSale[14]
Califia Farms[15]
ChaosSearch[16]
Collectors Universe
Connecteam[17]
Cypress[18]
Dataiku[19]
Dr. Barbara Sturm
eMarketer (acquired by Axel Springer)[20]
Emotive[21]
Equip
Erewhon[22]
Fabric[23]
Fireblocks[24]
Flatiron Health (acquired by Roche)[25]
Flex[26]
Frontegg[27]
FullStory[28]
Gimlet Media (acquired by Spotify)[29]
GlobalWebIndex[30]
GoFundMe[31]
GrubHub (IPO, 2014, NYSE: GRUB)
Harvest Hosts[32]
Hello Heart[33]
Hunters[34]
HyperScience[35]
Island[36]
Katalyst[37]
KHAITE[38]
Kosas[39]
Legion[40]
Levain Bakery[41]
Lithic[42]
Memfault[43]
MìLà[44]
Monday.com (IPO, 2021, NASDAQ: MNDY)[45]
Nomad[46]
Novo[47]
On Running (IPO, 2021, NYSE: ONON)[48]
Orca Security[49]
Oyster[50]
Parade[51]
Paradox[52]
Pleo Technologies[53]
PopUp Bagels[54]
RapidAPI[55]
Refinery29 (acquired by Vice Media)[56]
Reformation[57]
Remitly (IPO, 2021, NASDAQ: RELY)[58]
Replicant[59]
ScaleFactor[60]
Settle[61]
Siete[62]
Sift[63]
Shibumi Shade
Snooze[64]
Snyk[65]
Spectro Cloud[66]
SPINS
Stella & Chewy's
Talos[67]
Udemy (IPO, 2021, NASDAQ: UDMY)[68]
Upwork (IPO, 2018, NASDAQ: UPWK)
Verbit[69]

Notes and References

  1. http://commercialobserver.com/2013/09/check-out-stripes-groups-new-home-at-402-west-13th-street/ Commercial Observer: Check Out Stripes Group’s New Home at 402 West 13th Street
  2. Web site: Schedule 13D. April 11, 2018. www.sec.gov. November 8, 2019.
  3. Web site: About Stripes. www.stripes.co. en-US. December 13, 2023.
  4. http://www.stripes.co Stripes
  5. https://money.cnn.com/galleries/2007/fortune/0704/gallery.where_are_they_now.fortune/2.html CNNMoney: Where Are They Now?
  6. https://deadline.com/2022/03/a24-funding-expansion-1234974416/ Deadline: A24 Closes $225M Equity Investment to Fund Expansion
  7. https://www.venturecapitaljournal.com/fitness-startup-aviron-nabs-18-5m-in-stripes-led-series-a/ Venture Capital Journal: Fitness startup Aviron nabs $18.5m in Stripes-led Series A
  8. https://techcrunch.com/2021/03/01/axonius-nabs-100m-at-a-1-2b-valuation-for-its-asset-management-cybersecurity-platform/ TechCrunch: Axonius nabs $100m at a $1.2B valuation for its asset management cybersecurity platform
  9. https://www.prnewswire.com/news-releases/backlotcars-raises-25-million-to-accelerate-its-rapid-growth-nationwide-in-disrupting-the-100-billion-auto-wholesale-market-300831759.html PR Newswire: BacklotCars raises $25 million to accelerate its rapid growth nationwide in disrupting the $100 billion auto wholesale market
  10. https://www.bizjournals.com/stlouis/inno/stories/fundings/2021/08/19/software-startup-balto-raises-37m.html BizJournals: St. Louis software startup Balto raises $37M to expand its tech for contact centers
  11. https://www.vccircle.com/stripes-group-accel-others-invest-815-mn-bookmyshow-parent/ VCCircle: Stripes Group, Accel, others invest $81.5 mn in BookMyShow
  12. https://bhbusiness.com/2024/05/22/boulder-care-raises-35m-to-expand-virtual-addiction-treatment-services/ Behavorial Health Business: Boulder Care Raises $35M to Expand Virtual Addiction Treatment Services
  13. https://www.prnewswire.com/news-releases/brunt-raises-20-million-series-b-to-drive-continued-growth-and-push-industry-innovation-301487562.html PR Newswire: BRUNT raises $20 Million Series B To Drive Continued Growth and Push Industry Innovation
  14. https://www.startbase.com/news/caronsale-bekommt-60-millionen-us-dollar/ StartBase: Caronsale gets $60 million
  15. https://www.finsmes.com/2015/09/califia-farms-receives-50m-stripes-group.html Finsmes: Califia Farms Receives $50M from Stripes Group
  16. https://www.bloomberg.com/press-releases/2020-12-16/chaossearch-announces-40-million-series-b-funding-round Bloomberg: ChaosSearch Announces $40 Million Series B Funding Round
  17. https://techcrunch.com/2022/03/02/connecteam-raises-120m-at-an-800m-valuation-for-its-all-in-one-communications-app-for-deskless-workers/ TechCrunch: Connecteam raises $120M at an $800M+ valuation for comms app for deskless workers
  18. https://www.finsmes.com/2020/12/cypress-io-raises-40m-in-series-b-funding.html Finsmes: Cypress.io Raises $40M in Series B Funding
  19. https://www.finsmes.com/2020/08/dataiku-raises-100m-in-series-d-funding.html Finsmes: Dataiku Raises $100M in Series D Funding
  20. http://www.adweek.com/news/advertising-branding/25m-investment-emarketer-girds-new-growth-137435 AdWeek: $25M Investment eMarketer Girds New Growth
  21. https://techcrunch.com/2021/02/24/emotive-series-b/ TechCrunch: Emotive raises $50M to make text marketing more conversational
  22. https://www.forbes.com/sites/chloesorvino/2019/10/07/erewhon-stripes-group-investment/?sh=7bef0ac1189c Forbes: Organic Grocer Erewhon Eyes Expansion After Private Equity Deal
  23. https://www.bloomberg.com/news/articles/2021-07-20/e-commerce-tech-startup-fabric-raises-100-million-in-new-round Bloomberg: E-Commerce-Tech Startup Fabric Raises $100 Million in New Round
  24. https://www.prnewswire.com/news-releases/fireblocks-raises-133-million-in-series-c-funding-to-bring-the-worlds-biggest-banks-and-fintechs-into-crypto-301249839.html PR Newswire: Fireblocks Raises $133 Million in Series C Funding To Bring the World's Biggest Banks and Fintechs Into Crypto
  25. https://www.alleywatch.com/2018/02/flatiron-health-acquired-roche-1-9b/ AlleyWatch: MEGA NYC Deal: Flatiron Health Acquired by Roche for $1.9B
  26. https://www.stripes.co/investments/flex Stripes: Flex
  27. https://www.prnewswire.com/news-releases/frontegg-raises-40m-to-solve-user-management-for-b2b-saas-301595377.html PR Newswire: Frontegg raises $40M to solve user management for B2B SaaS
  28. https://venturebeat.com/2019/04/24/fullstory-funding/ VentureBeat: FullStory raises $32 million to track and analyze digital customer experiences
  29. https://techcrunch.com/2017/08/02/podcast-network-gimlet-media-scores-15-million-in-funding/ TechCrunch: Podcast network Gimlet Media scores $15 million in funding
  30. https://techcrunch.com/2018/07/25/market-research-firm-globalwebindex-takes-first-vc-with-40m-series-a/ TechCrunch: Market research firm GlobalWebIndex takes first VC with $40M Series A
  31. https://www.finsmes.com/2015/06/gofundme-receives-venture-capital-funding.html Finsmes: GoFundMe Receives Venture Capital Funding
  32. https://www.prnewswire.com/news-releases/harvest-hosts-raises-37-million-to-expand-offering-of-unique-rv-camping-options-as-road-travel-accelerates-301238434.html PR Newswire: Harvest Hosts Raises $37 Million to Expand Offering of Unique RV Camping Options as Road Travel Accelerates
  33. https://www.businesswire.com/news/home/20220429005506/en/Hello-Heart-Closes-70M-Series-D-Funding-Following-Significant-Increase-in-Employers-Market-Demand-for-Heart-Health-Solutions BusinessWire: Hello Heart Closes $70M Series D Funding Following Significant Increase in Employers Market Demand for Heart Health Solutions
  34. https://techcrunch.com/2022/01/25/hunters-raises-68m-series-c-for-its-security-operations-platform/ TechCrunch: Hunters raises $68M Series C for its security operations platform
  35. https://www.finsmes.com/2019/01/hyperscience-raises-30m-in-series-b-funding.html Finsmes: HyperScience Raises $30M in Series B Funding
  36. https://www.businesswire.com/news/home/20220323005242/en/Island-Raises-115-Million-in-Series-B-Funding-to-Enable-Massive-Innovation-on-Enterprise-Browser BusinessWire: Island Raises $115 Million in Series B Funding to Enable Massive Innovation on Enterprise Browser
  37. https://www.prnewswire.com/news-releases/katalyst-fitness-pioneer-backed-by-stripes-and-cindy-crawford-announces-26m-raise-301639675.html PR Newswire: Katalyst, Fitness Pioneer Backed by Stripes and Cindy Crawford, Announces $26M Raise
  38. https://www.businessoffashion.com/news/luxury/khaite-receives-new-investment-from-stripes/ Business of Fashion: Khaite Receives New Investment from Stripes
  39. https://www.beautyindependent.com/kosas-clean-beauty-brand-secures-series-b-funding/ BeautyIndependent: Kosas On The Rise: The Clean Beauty Brand Secures Series B Funding
  40. https://www.finsmes.com/2021/05/legion-raises-50m-in-series-c-funding.html Finsmes: Legion Raises $50M in Series C Funding
  41. https://www.forbes.com/sites/garystern/2019/08/01/hole-in-the-wall-manhattan-bakery-planning-a-national-expansion/?sh=39fafc8028ec Forbes: Hole-In-The-Wall Manhattan Bakery Planning A National Expansion
  42. https://www.bloomberg.com/news/articles/2021-07-28/payments-startup-lithic-valued-at-800-million-with-stripes-bet Bloomberg: Startup Lithic Valued at $800 Million With Bet by Stripes
  43. https://techcrunch.com/2023/01/24/memfault-raises-24m-to-help-companies-manage-their-iot-devices/ TechCrunch: Memfault raises $24M to help companies manage their growing IoT device fleets
  44. https://www.prnewswire.com/news-releases/xiao-chi-jie-rebrands-as-mila-and-announces-simu-liu-as-chief-content-officer-301786230.html PR Newswire: Xiao Chi Jie Rebrands as MìLà and Announces Simu Liu as Chief Content Officer
  45. https://techcrunch.com/2018/07/11/monday-com-raises-50m-at-a-500m-valuation-led-by-stripes-for-its-workplace-collaboration-tools/ TechCrunch: Monday.com raises $50M at a $500M valuation led by Stripes for its workplace collaboration tools
  46. https://www.forbes.com/sites/ilonalimonta-volkova/2022/05/16/brazilian-fintech-nomad-announces-new-funding-round/?sh=f2bbf445b9e1 Forbes: Brazilian Fintech Nomad Announces New Funding Round
  47. https://techcrunch.com/2022/01/11/novo-the-smb-neobank-nabs-90m-at-a-700m-valuation/ TechCrunch: Novo, the SMB neobank, nabs $90M at a $700M valuation
  48. https://pitchbook.com/profiles/company/111154-24#overview PitchBook: On
  49. https://venturebeat.com/2021/10/05/cloud-security-provider-orca-security-nabs-550m/ VentureBeat: Cloud security provider Orca Security nabs $550M
  50. https://techcrunch.com/2021/06/22/oyster-an-hr-platform-for-distributed-workforces-snaps-up-50m-on-a-475m-valuation/ TechCrunch: Oyster, an HR platform for distributed workforces, snaps up $50M on a $475M valuation
  51. https://www.businessoffashion.com/news/retail/parade-raises-20-million-in-new-round-bringing-valuation-to-140-million/ Business of Fashion: Parade Raises $20 Million in New Round, Bringing Valuation to $140 Million
  52. https://www.prnewswire.com/news-releases/on-a-mission-to-build-the-next-generation-of-hr-and-recruiting-software-through-conversational-ai-paradox-raises-200m-series-c-301450591.html PR Newswire: On a Mission to Build the Next Generation of HR and Recruiting Software through Conversational AI, Paradox Raises $200M Series C
  53. https://techcrunch.com/2019/05/14/pleo-series-b/ TechCrunch: Pleo, the multi-card business spending platform, closes $56M Series B
  54. https://www.globenewswire.com/news-release/2023/10/25/2766319/0/en/PopUp-Bagels-Closes-8M-Series-A-Round.html GlobeNewswire: PopUp Bagels Closes $8M Series A Round
  55. https://venturebeat.com/2021/04/21/rapidapi-capitalizes-on-booming-api-economy-with-60m-in-funding/ VentureBeat: RapidAPI capitalizes on booming API economy with $60M in funding
  56. https://techcrunch.com/2013/10/16/refinery29-raises-20-million-from-stripes-to-build-out-mobile-branded-content/ TechCrunch: Refinery29 Raises 20 Million From Stripes Group
  57. https://fashionista.com/2015/04/reformation-12-million Fashionista: REFORMATION RAISES $12 MILLION FROM STRIPES GROUP, 14W AND KARLIE KLOSS
  58. https://www.businesswire.com/news/home/20160426005300/en/Remitly-Secures-38.5-Million-in-Series-C-Funding BusinessWire: Remitly Secures $38.5 Million in Series C Funding
  59. https://techcrunch.com/2022/04/26/call-center-automation-software-vendor-replicant-raises-78m/ TechCrunch: Call center automation software vendor Replicant raises $78M
  60. https://www.forbes.com/sites/donnafuscaldo/2019/08/08/scalefactor-raised-100-million-in-a-year-as-vcs-chase-smb-focused-fintechs/?sh=c60d20951f02 Forbes: ScaleFactor Raised $100 Million In A Year As VCs Chase Small Business Focused Fintechs
  61. https://techcrunch.com/2021/11/17/settle-bill-payments-e-commerce/ TechCrunch: Settle bags $60M to simplify bill payments for e-commerce
  62. https://www.bizjournals.com/bizwomen/news/latest-news/2019/02/grain-free-tortilla-maker-wins-90-million-to.html?page=all The Business Journals: Grain-free tortilla maker wins $90 million to expand
  63. https://www.globenewswire.com/en/news-release/2018/03/21/1443481/0/en/Sift-Science-Secures-53-Million-to-Prevent-Fraud-and-Abuse-Power-Digital-Trust.html GlobeNewswire: Sift Science Secures $53 Million to Prevent Fraud and Abuse, Power Digital Trust
  64. https://www.agriinvestor.com/stripes-group-acquires-stake-in-restaurant-chain/ Agri Investor: Stripes Group buys a slice of restaurant chain
  65. https://www.prnewswire.com/news-releases/snyk-closes-150m-to-deliver-developer-first-security-that-enables-secure-digital-transformation-300989934.html PR Newswire: Snyk Closes $150M to Deliver Developer-first Security that Enables Secure Digital Transformation
  66. https://www.finsmes.com/2021/07/spectro-cloud-raises-20m-in-series-a-funding.html Finsmes: Spectro Cloud Raises $20M in Series A Funding
  67. https://www.prnewswire.com/news-releases/talos-raises-105-million-series-b-funding-round-as-institutional-adoption-of-digital-assets-accelerates-301543772.html PR Newswire: Talos Raises $105 Million Series B Funding Round As Institutional Adoption of Digital Assets Accelerates
  68. https://techcrunch.com/2015/06/02/udemy-raises-another-65-million-to-help-anyone-learn-anything/ TechCrunch: Udemy Raises Another $65 Million To Help Anyone Learn Anything
  69. https://www.prweb.com/releases/verbit-s-total-funding-raised-to-65-million-following-31-million-series-b-led-by-stripes-854654045.html PRWeb: Verbit’s Total Funding Raised to $65 Million, Following $31 Million Series B Led by Stripes