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Stripes (growth equity firm)

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Stripes
Company typePrivately held company
Industry
Founded2008
FounderKen Fox
Headquarters40 10th Avenue, 5th Floor New York, New York, US
Products
Total assetsUS$7 billion
Websitewww.stripes.co

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

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

Investments

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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[citation needed]
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]
Just Salad
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 (acquired by Ariela & Associates)[51]
Paradox[52]
Pleo Technologies[53]
Pomelo Care[54]
PopUp Bagels[55]
RapidAPI[56]
Refinery29 (acquired by Vice Media)[57]
Reformation[58]
Remitly (IPO, 2021, NASDAQ: RELY)[59]
Replicant[60]
ScaleFactor[61]
Settle[62]
7th Street Burger
Siete (acquired by PepsiCo)[63]
Sift[64]
Shibumi Shade
Snooze[65]
Snyk[66]
Spectro Cloud[67]
SPINS[citation needed]
Stella & Chewy's[citation needed]
Talos[68]
THISBOWL/FISHBOWL
Udemy (IPO, 2021, NASDAQ: UDMY)[69]
Upwork (IPO, 2018, NASDAQ: UPWK)[citation needed]
Verbit[70]
Vuori[71]

References

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  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. ^ Behavorial Health Business: Boulder Care Raises $35M to Expand Virtual Addiction Treatment Services as accessed on June 4, 2024.
  13. ^ PR Newswire: BRUNT raises $20 Million Series B To Drive Continued Growth and Push Industry Innovation as accessed on June 6, 2022.
  14. ^ StartBase: Caronsale gets $60 million as accessed on December 17, 2021.
  15. ^ Finsmes: Califia Farms Receives $50M from Stripes Group as accessed on June 29, 2021.
  16. ^ Bloomberg: ChaosSearch Announces $40 Million Series B Funding Round as accessed on June 29, 2021.
  17. ^ TechCrunch: Connecteam raises $120M at an $800M+ valuation for comms app for deskless workers as accessed on June 6, 2022.
  18. ^ Finsmes: Cypress.io Raises $40M in Series B Funding as accessed on June 29, 2021.
  19. ^ Finsmes: Dataiku Raises $100M in Series D Funding as accessed on June 29, 2021.
  20. ^ AdWeek: $25M Investment eMarketer Girds New Growth as accessed on March 24, 2014.
  21. ^ TechCrunch: Emotive raises $50M to make text marketing more conversational as accessed on June 29, 2021.
  22. ^ Forbes: Organic Grocer Erewhon Eyes Expansion After Private Equity Deal as accessed on June 29, 2021.
  23. ^ Bloomberg: E-Commerce-Tech Startup Fabric Raises $100 Million in New Round as accessed on June 6, 2022.
  24. ^ 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.
  25. ^ AlleyWatch: MEGA NYC Deal: Flatiron Health Acquired by Roche for $1.9B as accessed on June 29, 2021.
  26. ^ Stripes: Flex as accessed on December 17, 2021.
  27. ^ PR Newswire: Frontegg raises $40M to solve user management for B2B SaaS as accessed on June 6, 2023.
  28. ^ VentureBeat: FullStory raises $32 million to track and analyze digital customer experiences as accessed on June 29, 2021.
  29. ^ TechCrunch: Podcast network Gimlet Media scores $15 million in funding as accessed on June 30, 2021.
  30. ^ TechCrunch: Market research firm GlobalWebIndex takes first VC with $40M Series A as accessed on June 30, 2021.
  31. ^ Finsmes: GoFundMe Receives Venture Capital Funding as accessed on June 30, 2021.
  32. ^ 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.
  33. ^ 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.
  34. ^ TechCrunch: Hunters raises $68M Series C for its security operations platform as accessed on June 6, 2022.
  35. ^ Finsmes: HyperScience Raises $30M in Series B Funding as accessed on June 30, 2021.
  36. ^ BusinessWire: Island Raises $115 Million in Series B Funding to Enable Massive Innovation on Enterprise Browser as accessed on June 6, 2022.
  37. ^ PR Newswire: Katalyst, Fitness Pioneer Backed by Stripes and Cindy Crawford, Announces $26M Raise as accessed on December 8, 2022.
  38. ^ Business of Fashion: Khaite Receives New Investment from Stripes as accessed on June 6, 2023.
  39. ^ BeautyIndependent: Kosas On The Rise: The Clean Beauty Brand Secures Series B Funding as accessed on June 30, 2021.
  40. ^ Finsmes: Legion Raises $50M in Series C Funding as accessed on June 30, 2021.
  41. ^ Forbes: Hole-In-The-Wall Manhattan Bakery Planning A National Expansion as accessed on June 30, 2021.
  42. ^ Bloomberg: Startup Lithic Valued at $800 Million With Bet by Stripes as accessed on December 17, 2021.
  43. ^ TechCrunch: Memfault raises $24M to help companies manage their growing IoT device fleets as accessed on June 6, 2023.
  44. ^ PR Newswire: Xiao Chi Jie Rebrands as MìLà and Announces Simu Liu as Chief Content Officer as accessed on June 6, 2023.
  45. ^ TechCrunch: Monday.com raises $50M at a $500M valuation led by Stripes for its workplace collaboration tools as accessed on June 30, 2021.
  46. ^ Forbes: Brazilian Fintech Nomad Announces New Funding Round as accessed on June 6, 2022.
  47. ^ TechCrunch: Novo, the SMB neobank, nabs $90M at a $700M valuation as accessed on June 6, 2022.
  48. ^ PitchBook: On as accessed on June 30, 2021.
  49. ^ VentureBeat: Cloud security provider Orca Security nabs $550M as accessed on December 17, 2021.
  50. ^ TechCrunch: Oyster, an HR platform for distributed workforces, snaps up $50M on a $475M valuation as accessed on June 30, 2021.
  51. ^ Business of Fashion: Parade Raises $20 Million in New Round, Bringing Valuation to $140 Million as accessed on December 17, 2021.
  52. ^ 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.
  53. ^ TechCrunch: Pleo, the multi-card business spending platform, closes $56M Series B as accessed on June 30, 2021.
  54. ^ PR Newswire: Pomelo Care raises $46 million, covers over 3 million lives, and publishes data proving its virtual care model improves outcomes as accessed on December 3, 2024.
  55. ^ GlobeNewswire: PopUp Bagels Closes $8M Series A Round as accessed on December 4, 2023.
  56. ^ VentureBeat: RapidAPI capitalizes on booming API economy with $60M in funding as accessed on June 30, 2021.
  57. ^ TechCrunch: Refinery29 Raises 20 Million From Stripes Group as accessed on March 24, 2014.
  58. ^ Fashionista: REFORMATION RAISES $12 MILLION FROM STRIPES GROUP, 14W AND KARLIE KLOSS as accessed on June 30, 2021.
  59. ^ BusinessWire: Remitly Secures $38.5 Million in Series C Funding as accessed on June 30, 2021.
  60. ^ TechCrunch: Call center automation software vendor Replicant raises $78M as accessed on June 6, 2022.
  61. ^ Forbes: ScaleFactor Raised $100 Million In A Year As VCs Chase Small Business Focused Fintechs as accessed on June 30, 2021.
  62. ^ TechCrunch: Settle bags $60M to simplify bill payments for e-commerce as accessed on June 6, 2022.
  63. ^ The Business Journals: Grain-free tortilla maker wins $90 million to expand as accessed on June 30, 2021.
  64. ^ GlobeNewswire: Sift Science Secures $53 Million to Prevent Fraud and Abuse, Power Digital Trust as accessed on June 30, 2021.
  65. ^ Agri Investor: Stripes Group buys a slice of restaurant chain as accessed on June 30, 2021.
  66. ^ PR Newswire: Snyk Closes $150M to Deliver Developer-first Security that Enables Secure Digital Transformation as accessed on June 30, 2021.
  67. ^ Finsmes: Spectro Cloud Raises $20M in Series A Funding as accessed on December 17, 2021.
  68. ^ PR Newswire: Talos Raises $105 Million Series B Funding Round As Institutional Adoption of Digital Assets Accelerates as accessed on June 6, 2022.
  69. ^ TechCrunch: Udemy Raises Another $65 Million To Help Anyone Learn Anything as accessed on June 30, 2021.
  70. ^ PRWeb: Verbit’s Total Funding Raised to $65 Million, Following $31 Million Series B Led by Stripes as accessed on June 30, 2021.
  71. ^ The Business of Fashion: Vuori Raises Investment at a $5.5 Billion Valuation as accessed on December 3, 2024.
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