General Catalyst Allocates $10M to Stripe Startups
October 02, 2014
Adding to the recent shakeup in the mobile payment space, General Catalyst Partners has allocated $10 million to fund startups powered by the network of its portfolio company Stripe. The Stripe customizable payment solution allows companies to integrate payment platforms, flexible billing periods, coupons, trials and recurring billing. General Catalyst has announced the first deal out of the fund, a $500,000 investment into Stripe-based payment analytics company Baremetrics.