Stripe
Facts
- HQ
- none
- Sectors
- Payments, Commerce, Financial Technology
- Founded
- 2009
- Registered name
- Stripe, LLC
- Stage
- public
Ex-Microsoft/Boeing Consultant Genevieve Priebe Launches Reroot to Connect Consumers with 50,000+ Local Producers
Genevieve Priebe left a two-decade tech consulting career to run her family farm and founded bootstrapped Seattle startup Reroot to help make local food more accessible through a marketplace, a mapping app of 50,000+ producers, and a patent-pending voice tool for farmers.
Whatnot raises $545 million Series G at $20 billion valuation, plans to triple Seattle staff and expand South Lake Union office
Live-commerce company Whatnot raised $545 million in a Series G round that values it at $20 billion and plans to triple its Seattle workforce, seeking a larger South Lake Union office to accommodate growth.
Increase founder Darragh Buckley buys Washington bank to expand fintech into banking
Darragh Buckley, an early Stripe employee and founder of fintech startup Increase, has purchased a Washington bank to expand his company's financial-product offerings into banking.
Remitly launches Remitly Global Card — Visa debit account with preferred FX, USD/USDC balances, instant P2P and 0% APR line
Remitly launched the Remitly Global Card, a Visa debit card and linked account that lets cross-border customers get paid, spend, save, and send money across countries with direct deposits, fee-free local spending, and global ATM access. The card, issued via Lead Bank with a Stripe wallet and funds held at Fifth Third Bank, includes preferred FX rates, support for USD or USDC balances, instant P2P transfers between Remitly cards, and a US 0% APR open-end line of credit for eligible users.
ArchAstro Raises $6.2M to Launch AI Network for Cross-Company Enterprise Software Integration
ArchAstro, founded by veterans from Microsoft, Stripe, Meta, and Statsig, has launched with $6.2 million in pre-seed funding to develop AI agents that automate complex, cross-company software integrations and deployments. Their privacy-aware Forward Deployed Agents aim to securely connect disparate enterprise systems, addressing the lengthy and difficult process of integrating B2B software across corporate boundaries.
Highspot to Merge with Seismic in Major Sales Software Deal Led by Seismic CEO Rob Tarkoff
Seattle-based enterprise software companies Highspot and Seismic have signed a definitive agreement to merge, with the combined company operating under the Seismic name and led by Seismic CEO Rob Tarkoff. The merger unites two major revenue enablement platforms, with Highspot CEO Robert Wahbe joining the board and Permira remaining as controlling shareholder.
Stripe Executive Departs After 3+ Years to Launch New AI Venture with Former Microsoft and Meta Colleagues
After over three years at Stripe leading Revenue and Finance Automation, the author is leaving to start a new AI-focused venture with former colleagues from Microsoft, Meta, and Stripe. They helped build Stripe's leading billing system and tax growth platform supporting top AI companies.
How — and What — to Build in the Age of OpenAI
Where is OpenAI going, and what does it mean for the broader AI and tech ecosystem? Madrona Partner Vivek Ramaswami sits down with Jason Kwon, Chief Strategy Officer at OpenAI, for a rare behind-the-scenes look at the decisions shaping one of the most influential AI companies in the world. In this live conversation from the 2025 IA Summit, Jason shares what OpenAI will build, what it won't, and how founders can use that as a roadmap to go big without going head-to-head. They unpack OpenAI's ecosystem-first mindset, what "full-stack AI" really means, and how the rise of agentic AI is…
Seattle Startup Klutch Raises $8M Seed Round to Deploy AI Coworkers for Construction Workflow Automation
Seattle startup Klutch raised $8 million in seed funding to develop AI agents that automate workflows in residential and commercial construction by integrating with existing communication tools. Their AI helps reduce delays and manual work by gathering jobsite updates, flagging issues, and building a company-wide knowledge vault.
Stepchange Raises $7M for Climate-Focused Venture Fund Targeting Software Startups in Transportation, Energy, and Resilience
Seattle-based venture firm Stepchange raised $7 million for its inaugural fund to invest in climate-focused startups targeting sectors like transportation, energy, and resilience with asset-light, cost-competitive software solutions. Founded by Anay Shah and Ben Eidelson, the fund has already backed 13 startups and plans 30 investments, supported by over 100 investors including Bain Capital Ventures and tech leaders from major companies.
Madrona Raises $770M for Two New Funds to Back Early and Late-Stage Tech Startups Amid VC Slowdown
Madrona, the largest venture capital firm in the Pacific Northwest, raised $770 million for two new funds focusing on early-stage and more mature tech startups despite a challenging VC fundraising environment in 2024. The firm plans to invest in about 30 companies at early stages and 12 at later stages, maintaining its strong position amid a slowdown in the broader venture capital sector.
SingleFile Raises $6.5M Led by Foundry Group as Corporate Transparency Act Increases Demand
Seattle-based legaltech SingleFile raised $6.5 million in a round led by Foundry Group to support growth as new rules like the Corporate Transparency Act increase demand for compliance filing services; total funding exceeds $15 million. The company automates filings for law firms, VCs, private equity, and real estate to replace manual email, PDF, and spreadsheet processes.
Dust Founders Bet Foundation Models Will Change How Companies Work
Madrona Partner Jon Turow hosts Gabriel Hubert and Stan Polu, the co-founders of a 2023 IA40 winner, Dust, which enables information workers to create LLM-based agents that help them do their own work more efficiently. They discuss the broader AI/LLM ecosystem, the merits and potential of horizontal vs vertical solutions, limitations of AI assistants, and the influence of Stripe on their business. The founders dive into the future use cases and adoption of AI in businesses and also touch on keeping humans in the loop of AI and software development. Transcript: https://www.madrona.com/dust-bets-foundation-models-change-how-companies-work/ (00:00) Introduction and Overview (01:31) The Trade-off Between…
Seattle Startup Lithos Secures $6.29M Seed to Expand Basalt-Based Carbon Removal for Agriculture
Seattle agtech startup Lithos raised $6.29 million in seed funding to scale its carbon removal technology that spreads crushed basalt rock on cropland to capture carbon and improve soil nutrients. The company, launched in March and serving over 1,000 acres, sells carbon credits to corporations and shares revenue with farmers.
IA40 Spotlight: Fivetran CEO George Fraser on Data Replication and Connectors
This week Madrona Investor Sabrina Wu talks with Fivetran Co-founder and CEO George Fraser. Fivetran is fundamentally a data replication company — that's how George explains it. But the company actually started out trying to solve a completely different problem when it was founded in 2012 and pivoted to strictly data integration in 2015 after multiple customers started asking for help. But in attacking that problem differently than it had ever been done before — by only focusing on replicating people's data into the desired destination w/o getting sucked into any of the workflows that the user intended to do…
Amperity cuts 13 roles (3% of staff) amid reorganization while planning continued hires and investments
Seattle customer-intelligence startup Amperity laid off 13 employees (about 3% of its 375-person workforce), primarily from its talent acquisition team, while saying it will continue hiring and invest in growth. CEO Barry Padgett attributed the cuts to organizational alignment with strategic growth plans; the company became a unicorn in July 2021 after a $100 million raise and values at $1 billion.
Former Amperity CEO Kabir Shahani Resigned From CEO Role and Board Last Week, Says He Left Voluntarily
Kabir Shahani unexpectedly resigned as CEO of Seattle marketing tech startup Amperity last week and has also left the company’s board; he told GeekWire he left voluntarily for personal reasons while Amperity executives have not publicly commented.
Amperity CEO and co-founder Kabir Shahani steps down; Barry Padgett named CEO as company scales after $100M round
Amperity CEO and co-founder Kabir Shahani has relinquished the CEO title seven months after the company raised $100 million and reached unicorn status; president and COO Barry Padgett becomes CEO and Monica Pool Knox is named chief people officer. The company called 2021 a record year, offered no explanation for Shahani's departure, and said it will focus on scaling its customer-data software business.
Zulily co-founders Darrell Cavens and Mark Vadon back Seattle ID-verification startup Vouched with $4.5M investment
Seattle startup Vouched raised $4.5 million in a round led by Zulily co-founder Darrell Cavens and investor Mark Vadon to expand its AI-based identity verification software used by over 150 companies for real-time fraud detection across industries.
Forbes Cloud 100 Names Seattle Unicorns Tanium, Outreach, Icertis and Highspot in Top 50
Forbes' sixth annual Cloud 100 list includes four Seattle-area unicorns — Tanium, Outreach, Icertis and Highspot — all ranking in the top 50 based on growth, sales, valuation, culture and reputation. The companies have valuations from $2.8B to $9.2B and recent funding rounds ranging from $80M to $200M.
Blues Wireless Raises $22M Series A Led by Sequoia and Lachy Groom; Bill Gates Among Investors
Blues Wireless, founded by former Microsoft exec Ray Ozzie, raised $22 million in a Series A led by Sequoia Capital and Lachy Groom with investors including Bill Gates to grow its cellular IoT Notecard device and cloud services. The company sells a $49 cellular module that embeds in hardware to send data over AT&T’s network for remote monitoring and management.
Rad Power Bikes co-founder Ty Collins steps down to advisory role; WRF CEO Ron Howell to retire end of April
Rad Power Bikes co-founder and former CMO Ty Collins has stepped down and moved into an advisory role while remaining involved; the company is profitable and raised $150 million earlier this year. Washington Research Foundation CEO Ron Howell will retire at the end of April after 29 years, with CFO Jeff Eby serving as acting CEO.
Vouched raises $3M to expand AI ID-verification as COVID-19 drives demand; will expand to Europe
Seattle startup Vouched raised $3 million to expand AI-powered ID verification services as COVID-19 boosts demand for remote identity checks; the company has 80+ customers and has verified over 850,000 people across 50 countries.
Microsoft’s M12 Leads $700,000 Round for Venture Out, Seattle 12-Week Program Helping Corporate Tech Workers Launch Startups
Venture Out is a Seattle-based 12-week program that helps corporate tech workers launch startups by providing mentorship, requiring 10–20 hours/week commitment, and taking 4% equity. The organization raised $700,000 in a round led by Microsoft’s M12 and is accepting applications for a second cohort starting July 13.
U.S. VC Investments Total $34.2B in Q1 2020 as COVID-19 Threatens Decade-Long Growth
U.S. venture capitalists invested $34.2 billion across 2,298 deals in Q1 2020, slightly down from the prior year, but analysts expect investment pace and valuations to slow as COVID-19 disrupts the startup ecosystem and deal pipelines.
