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About Stripes
Industries
Venture Capital
Enterprise Software
Company Size
51-200
Company Stage
N/A
Total Funding
$6.9B
Headquarters
New York City, New York
Founded
2008
Overview
Stripes Group is a private investment firm that specializes in investing in growth-stage companies, particularly in the internet, software-as-a-service, technology-enabled services, and consumer products sectors. The firm focuses on both minority and majority investments, often partnering with companies that are owned and operated by their founders and have not previously received institutional funding. Stripes Group provides these companies with liquidity for shareholders and founders, as well as capital for growth and acquisitions. What sets Stripes apart from its competitors is its emphasis on working with founder-led businesses, allowing them to maintain control while still accessing the resources needed for expansion. The goal of Stripes Group is to support the growth of promising companies and help them achieve their full potential.
Simplify's Take
What believers are saying
- Increased focus on vertical SaaS solutions aligns with Stripes' investment strategy.
- The rise of remote work highlights a growing market for distributed team management software.
- Healthcare technology sector growth presents a promising area for Stripes' portfolio expansion.
What critics are saying
- Increased competition in growth equity space may drive up valuations.
- Alternative funding sources could divert opportunities from traditional equity firms like Stripes.
- Volatility in the technology sector could affect Stripes' portfolio companies' growth.
What makes Stripes unique
- Stripes focuses on growth-stage investments in software and consumer businesses.
- The firm partners with founder-owned companies lacking prior institutional investors.
- Stripes provides shareholder liquidity, growth capital, and acquisition financing.
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Funding
Total Funding
$6933.1M
Above
Industry Average
Funded Over
0 Rounds
Benefits
401(k) Company Match
Flexible Work Hours
Performance Bonus
Company News
Southern Californian performance lifestyle brand Vuori today announced an $825 million investment led by General Atlantic and Stripes, two leading glo
Oyster®, the global employment solution to employ, pay, and care for distributed teams, raised $59M in Series D funding, led by Silver Lake Waterman,
Pomelo Care, a NYC-based virtual medical practice, raised $46M in Series B funding. The round was led by First Round Capital and Andreessen Horowitz (a16z) Bio + Health, with participation from Stripes, SV Angel, Operator Partners, BoxGroup, Adam Boehler, and Puneet Singh. The funds will be used to accelerate partnerships with payors across the country. Pomelo Care works with commercial and Medicaid health plans and employers in various states.
Boulder Care secured an oversubscribed $35 million Series C funding round led by Advance Venture Partners (AVP), with participation from Stripes and existing investors. The funds will expand access to addiction treatment for Medicaid beneficiaries. David ibnAle of AVP joins the Board of Directors, while Karen Kenworthy of Stripes becomes a Board observer. Boulder has served over 12,000 patients nationwide since 2017.
SANTA CLARA, Calif.--(BUSINESS WIRE)--Legion Technologies, an innovator in workforce management (WFM), today announced a $50 million growth round led by Riverwood Capital with strategic participation from existing investors, including Norwest, Stripes, Webb Investment Network, and XYZ. The raise, which brings Legion’s total funding to $145 million, will boost its go-to-market and research and development (RD) initiatives to deliver an enhanced WFM experience to a growing global customer base. The global workforce management market is expected to reach $15.7 billion by 2031, indicating an increasing focus on workforce efficiency and engagement. As organizations aim to streamline operations and create a better experience for their hourly employees, Legion continues to modernize the industry, propelling it forward with its commitment to delivering intelligent, automated, and employee-centric products. As a result, it’s become the WFM platform of choice for household names like Rite Aid and Alo Yoga, among other leading brands and fast-growing chains. “Legion was founded to turn hourly jobs into good jobs by simultaneously streamlining labor operations and improving the employee experience
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About Stripes
Industries
Venture Capital
Enterprise Software
Company Size
51-200
Company Stage
N/A
Total Funding
$6.9B
Headquarters
New York City, New York
Founded
2008
Stripes is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today