Investment Summary

CapitalG, Novator Partners and Allianz X Invest In Stripe

On November 25, 2016, corporate investor CapitalG, private equity firm Novator Partners and corporate investor Allianz X invested in financial services company Stripe

Investment Highlights
  • This is CapitalG’s 2nd, Novator Partners’ 1st and Allianz X’s 1st transaction in the Financial Services sector.
  • This is CapitalG’s 18th, Novator Partners’ 1st and Allianz X’s 2nd transaction in the United States.
  • This is CapitalG’s 9th, Novator Partners’ 1st and Allianz X’s 2nd transaction in California.

Investment Summary

Date 2016-11-25
Target Stripe
Sector Financial Services
Investor(s) CapitalG
Novator Partners
Allianz X
Deal Type Venture

Target

Stripe

South San Francisco, California, United States
Stripe is a web and mobile payment platform that allows individuals and businesses to accept online payments. Stripe handles billions of dollars every year for forward-thinking businesses around the world. Stripe was founded in 2010 and is based in San Francisco, California.

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Investor(S) 3

Investor

CapitalG

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Corporate Investor
Founded 2013
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

CapitalG is the growth equity and direct investment arm of Alphabet, Inc. CapitalG invests in emerging tech-enabled service companies and assists with providing tactical advice across key functional areas such as engineering, product, sales, and marketing. CapitalG was formerly known as Google Capital. The Unit was formed in 2013 and is based in San Francisco, California.


DEAL STATS #
Overall 21 of 36
Sector (Financial Services) 2 of 4
Type (Venture) 13 of 27
State (California) 9 of 15
Country (United States) 18 of 31
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-15 Astound

Princeton, New Jersey, United States

Astound is a provider of broadband services delivering all-digital and high definition video, high-speed internet, and premium voice services to residential and small-medium business customers. Astound was founded in 1993 and is based in Princeton, New Jersey.

Buy $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-02 Auction.com

Irvine, California, United States

Auction.com is a marketplace transaction platform focused on residential bank-owned and foreclosure properties for sale in the United States. Auction.com's online platform allows individuals and investors to buy and sell residential real estate properties using both desktop and mobile channels. By leveraging its market-leading technology platform and extensive international network of buyers, Auction.com empowers consumers, investors and real estate professionals with unprecedented levels of flexibility, control and simplicity to easily complete real estate transactions online. Auction.com was founded in 2007 and is based in Irvine, California.

Sell -
Investor

Novator Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Novator is an alternative investment firm focused on opportunities in the telecom, life science, IT, and renewable energy sectors. Novator will consider investments across the US and Western Europe and has offices in London, Reykjavik, and Luxembourg.


DEAL STATS #
Overall 6 of 22
Sector (Financial Services) 1 of 1
Type (Venture) 1 of 3
State (California) 1 of 5
Country (United States) 1 of 7
Year (2016) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Deliveroo

London, United Kingdom

Deliveroo is a British online food delivery company that connects consumers with restaurants and food outlets via its platform. Deliveroo was founded in 2013 and is based in London, the United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-24 Rebag

New York, New York, United States

Rebag is an e-commerce company for buying and selling the most coveted designer handbags, watches, jewelry, and accessories. Rebag was founded in 2014 and is based in New York.

Buy -
Investor

Allianz X

Investor Investor Investor


Category Corporate Investor
Founded 2013
PE ASSETS 2.0B EUR
Size Large
Type Sector Focused
DESCRIPTION

Allianz X is the growth-oriented investment arm of Germany insurance and financial services company Allianz Group. Allianz X looks to invest in and acquire expansion stage financial and insurance technology companies throughout the world. The Firm has special interest in businesses that can benefit from Allianz's expertise and global reach. Allianz X was formed in 2013 and is based in Munich.


DEAL STATS #
Overall 4 of 28
Sector (Financial Services) 1 of 7
Type (Venture) 2 of 17
State (California) 2 of 2
Country (United States) 2 of 8
Year (2016) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-07 Nauto

Palo Alto, California, United States

Nauto is an artificial intelligence-powered automotive technology system that makes commercial fleets drive safer and smarter today, and is informing autonomous vehicle development in the future. Nauto’s retrofit dual-camera design can be deployed into a range of vehicles to provide commercial fleets with tools such as its real-time distracted driving detection and alert system and a unique VERA (Visual Enhanced Risk Assessment) scoring system for drivers. Nauto was founded in 2015 and is based in Palo Alto, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-20 Lemonade

New York, New York, United States

Lemonade is a licensed insurance carrier, offering homeowners and renters insurance powered by artificial intelligence and behavioral economics. By replacing brokers and bureaucracy with bots and machine learning, Lemonade promises zero paperwork and instant everything. And as a Certified B-Corp, where underwriting profits go to nonprofits, Lemonade is remaking insurance as a social good, rather than a necessary evil. Lemonade was formed in 2015 and is based in New York, New York.

Buy -