Orrick has advised online payments company Stripe on its $250 million Series G financing round. This investment brings Stripe’s valuation to $35 billion. The round was led by Sequoia Capital, Andreessen Horowitz and General Catalyst.
Stripe processes hundreds of billions of dollars in payments annually for millions of users, including consumer apps and websites, such as Airbnb and The RealReal Inc., as well as makers of business software, such as GitHub and Twilio. Stripe will use the capital to accelerate its growth in three key areas: international expansion; growing its product suite; and extending its enterprise capabilities.
Orrick has been advising Stripe since its inception. The Orrick team that worked on the financing included John Bautista, Pete Lamb, Bill Hughes, John Harrison, Kaitlin Bagby, Erin Sedloff and Andrew Barlow, with additional assistance from Steve Malvey, Harry Clark, Jason Flaherty, Diana Gillis and Scott Porter.