Stripes (growth equity firm)

(Redirected from Stripes Group)

Stripes (Stripes, LLC) is a private equity and venture capital firm based in Manhattan, New York, founded in 2008.[1][2] In 2023, Stripes has US$6.5 billion of assets under management and more than 80 investments.[3] Notable investments include On Running and Monday.com.[4]

Stripes
Company typePrivately held company
Industry
Founded2008
FounderKen Fox
Headquarters40 10th Avenue, 5th Floor New York, New York, US
Products
Total assetsUS$6.5 billion
Websitewww.stripes.co

History edit

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

Investments edit

Selected Stripes investments include:[4]

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

References edit

  1. ^ Commercial Observer: Check Out Stripes Group’s New Home at 402 West 13th Street as accessed on March 24, 2014.
  2. ^ "Schedule 13D". www.sec.gov. April 11, 2018. Retrieved November 8, 2019.
  3. ^ "About Stripes". www.stripes.co. Retrieved December 13, 2023.
  4. ^ a b Stripes as accessed on June 21, 2021.
  5. ^ CNNMoney: Where Are They Now? as accessed on March 24, 2014
  6. ^ Deadline: A24 Closes $225M Equity Investment to Fund Expansion as accessed on June 6, 2022.
  7. ^ Venture Capital Journal: Fitness startup Aviron nabs $18.5m in Stripes-led Series A as accessed on June 6, 2022.
  8. ^ TechCrunch: Axonius nabs $100m at a $1.2B valuation for its asset management cybersecurity platform as accessed on June 29, 2021.
  9. ^ PR Newswire: BacklotCars raises $25 million to accelerate its rapid growth nationwide in disrupting the $100 billion auto wholesale market as accessed on June 29, 2021.
  10. ^ BizJournals: St. Louis software startup Balto raises $37M to expand its tech for contact centers as accessed on December 17, 2021.
  11. ^ VCCircle: Stripes Group, Accel, others invest $81.5 mn in BookMyShow as accessed on June 29, 2021.
  12. ^ PR Newswire: BRUNT raises $20 Million Series B To Drive Continued Growth and Push Industry Innovation as accessed on June 6, 2022.
  13. ^ StartBase: Caronsale gets $60 million as accessed on December 17, 2021.
  14. ^ Finsmes: Califia Farms Receives $50M from Stripes Group as accessed on June 29, 2021.
  15. ^ Bloomberg: ChaosSearch Announces $40 Million Series B Funding Round as accessed on June 29, 2021.
  16. ^ TechCrunch: Connecteam raises $120M at an $800M+ valuation for comms app for deskless workers as accessed on June 6, 2022.
  17. ^ Finsmes: Cypress.io Raises $40M in Series B Funding as accessed on June 29, 2021.
  18. ^ Finsmes: Dataiku Raises $100M in Series D Funding as accessed on June 29, 2021.
  19. ^ AdWeek: $25M Investment eMarketer Girds New Growth as accessed on March 24, 2014.
  20. ^ TechCrunch: Emotive raises $50M to make text marketing more conversational as accessed on June 29, 2021.
  21. ^ Forbes: Organic Grocer Erewhon Eyes Expansion After Private Equity Deal as accessed on June 29, 2021.
  22. ^ Bloomberg: E-Commerce-Tech Startup Fabric Raises $100 Million in New Round as accessed on June 6, 2022.
  23. ^ PR Newswire: Fireblocks Raises $133 Million in Series C Funding To Bring the World's Biggest Banks and Fintechs Into Crypto as accessed on June 29, 2021.
  24. ^ AlleyWatch: MEGA NYC Deal: Flatiron Health Acquired by Roche for $1.9B as accessed on June 29, 2021.
  25. ^ Stripes: Flex as accessed on December 17, 2021.
  26. ^ PR Newswire: Frontegg raises $40M to solve user management for B2B SaaS as accessed on June 6, 2023.
  27. ^ VentureBeat: FullStory raises $32 million to track and analyze digital customer experiences as accessed on June 29, 2021.
  28. ^ TechCrunch: Podcast network Gimlet Media scores $15 million in funding as accessed on June 30, 2021.
  29. ^ TechCrunch: Market research firm GlobalWebIndex takes first VC with $40M Series A as accessed on June 30, 2021.
  30. ^ Finsmes: GoFundMe Receives Venture Capital Funding as accessed on June 30, 2021.
  31. ^ PR Newswire: Harvest Hosts Raises $37 Million to Expand Offering of Unique RV Camping Options as Road Travel Accelerates as accessed on June 6, 2022.
  32. ^ BusinessWire: Hello Heart Closes $70M Series D Funding Following Significant Increase in Employers Market Demand for Heart Health Solutions as accessed on June 6, 2022.
  33. ^ TechCrunch: Hunters raises $68M Series C for its security operations platform as accessed on June 6, 2022.
  34. ^ Finsmes: HyperScience Raises $30M in Series B Funding as accessed on June 30, 2021.
  35. ^ BusinessWire: Island Raises $115 Million in Series B Funding to Enable Massive Innovation on Enterprise Browser as accessed on June 6, 2022.
  36. ^ PR Newswire: Katalyst, Fitness Pioneer Backed by Stripes and Cindy Crawford, Announces $26M Raise as accessed on December 8, 2022.
  37. ^ Business of Fashion: Khaite Receives New Investment from Stripes as accessed on June 6, 2023.
  38. ^ BeautyIndependent: Kosas On The Rise: The Clean Beauty Brand Secures Series B Funding as accessed on June 30, 2021.
  39. ^ Finsmes: Legion Raises $50M in Series C Funding as accessed on June 30, 2021.
  40. ^ Forbes: Hole-In-The-Wall Manhattan Bakery Planning A National Expansion as accessed on June 30, 2021.
  41. ^ Bloomberg: Startup Lithic Valued at $800 Million With Bet by Stripes as accessed on December 17, 2021.
  42. ^ TechCrunch: Memfault raises $24M to help companies manage their growing IoT device fleets as accessed on June 6, 2023.
  43. ^ PR Newswire: Xiao Chi Jie Rebrands as MìLà and Announces Simu Liu as Chief Content Officer as accessed on June 6, 2023.
  44. ^ TechCrunch: Monday.com raises $50M at a $500M valuation led by Stripes for its workplace collaboration tools as accessed on June 30, 2021.
  45. ^ Forbes: Brazilian Fintech Nomad Announces New Funding Round as accessed on June 6, 2022.
  46. ^ TechCrunch: Novo, the SMB neobank, nabs $90M at a $700M valuation as accessed on June 6, 2022.
  47. ^ PitchBook: On as accessed on June 30, 2021.
  48. ^ VentureBeat: Cloud security provider Orca Security nabs $550M as accessed on December 17, 2021.
  49. ^ TechCrunch: Oyster, an HR platform for distributed workforces, snaps up $50M on a $475M valuation as accessed on June 30, 2021.
  50. ^ Business of Fashion: Parade Raises $20 Million in New Round, Bringing Valuation to $140 Million as accessed on December 17, 2021.
  51. ^ PR Newswire: On a Mission to Build the Next Generation of HR and Recruiting Software through Conversational AI, Paradox Raises $200M Series C as accessed on June 6, 2022.
  52. ^ TechCrunch: Pleo, the multi-card business spending platform, closes $56M Series B as accessed on June 30, 2021.
  53. ^ GlobeNewswire: PopUp Bagels Closes $8M Series A Round as accessed on December 4, 2023.
  54. ^ VentureBeat: RapidAPI capitalizes on booming API economy with $60M in funding as accessed on June 30, 2021.
  55. ^ TechCrunch: Refinery29 Raises 20 Million From Stripes Group as accessed on March 24, 2014.
  56. ^ Fashionista: REFORMATION RAISES $12 MILLION FROM STRIPES GROUP, 14W AND KARLIE KLOSS as accessed on June 30, 2021.
  57. ^ BusinessWire: Remitly Secures $38.5 Million in Series C Funding as accessed on June 30, 2021.
  58. ^ TechCrunch: Call center automation software vendor Replicant raises $78M as accessed on June 6, 2022.
  59. ^ Forbes: ScaleFactor Raised $100 Million In A Year As VCs Chase Small Business Focused Fintechs as accessed on June 30, 2021.
  60. ^ TechCrunch: Settle bags $60M to simplify bill payments for e-commerce as accessed on June 6, 2022.
  61. ^ The Business Journals: Grain-free tortilla maker wins $90 million to expand as accessed on June 30, 2021.
  62. ^ GlobeNewswire: Sift Science Secures $53 Million to Prevent Fraud and Abuse, Power Digital Trust as accessed on June 30, 2021.
  63. ^ Agri Investor: Stripes Group buys a slice of restaurant chain as accessed on June 30, 2021.
  64. ^ PR Newswire: Snyk Closes $150M to Deliver Developer-first Security that Enables Secure Digital Transformation as accessed on June 30, 2021.
  65. ^ Finsmes: Spectro Cloud Raises $20M in Series A Funding as accessed on December 17, 2021.
  66. ^ PR Newswire: Talos Raises $105 Million Series B Funding Round As Institutional Adoption of Digital Assets Accelerates as accessed on June 6, 2022.
  67. ^ TechCrunch: Udemy Raises Another $65 Million To Help Anyone Learn Anything as accessed on June 30, 2021.
  68. ^ PRWeb: Verbit’s Total Funding Raised to $65 Million, Following $31 Million Series B Led by Stripes as accessed on June 30, 2021.

External links edit