Stripes (growth equity firm)

Stripes
TypePrivately held company
Industry
Founded2008
FounderKen Fox
Headquarters40 10th Avenue, 5th Floor, New York, New York, US
Total assetsUS$7 billion (self-reported)
Websitewww.stripes.co

Stripes (Stripes, LLC; formerly Stripes Group) is an American private equity and growth equity firm based in Manhattan, New York City, founded in 2008 by Ken Fox. The firm invests in software and branded consumer companies, typically taking minority growth-stage stakes. As of 2025, it reported more than US$7 billion in assets under management.

History

Stripes was founded in 2008 by Ken Fox, who had previously co-founded the technology holding company Internet Capital Group in 1995. The firm was originally named Stripes Group and later shortened its name to Stripes. It concentrates on enterprise software and branded consumer products, generally investing in companies that already generate revenue rather than early-stage startups.

Investments

Stripes has invested in software, consumer products and retail companies. In enterprise software, it led a US$50 million round in the work-management platform Monday.com in 2018, an investment that preceded the company's 2021 public listing. The firm has also backed the card-issuing startup Lithic, whose 2021 financing valued the company at US$800 million. Its consumer and retail investments include the running-shoe company On, which went public in 2021, the grocer Erewhon, the fashion label Khaite, and the food brand Siete, which was later acquired by PepsiCo. The firm has additionally invested in the surveillance company Flock Safety, and was among the investors in a 2022 financing of the film studio A24.

References

  1. 1 2 Geiger, Daniel (24 September 2013). "Check Out Stripes Group's New Home at 402 West 13th Street". Commercial Observer. Retrieved 24 March 2014.
  2. 1 2 3 Lunden, Ingrid (11 July 2018). "Monday.com raises $50M at a $500M valuation led by Stripes for its workplace collaboration tools". TechCrunch. Retrieved 30 June 2021.
  3. ↑ "About Stripes". www.stripes.co. Retrieved 13 December 2023.
  4. ↑ "Where Are They Now?". CNNMoney. Retrieved 24 March 2014.
  5. ↑ "Startup Lithic Valued at $800 Million With Bet by Stripes". Bloomberg News. 28 July 2021. Retrieved 17 December 2021.
  6. ↑ "On". PitchBook. Retrieved 30 June 2021.
  7. ↑ Sorvino, Chloe (7 October 2019). "Organic Grocer Erewhon Eyes Expansion After Private Equity Deal". Forbes. Retrieved 29 June 2021.
  8. ↑ "Khaite Receives New Investment from Stripes". The Business of Fashion. 2023. Retrieved 6 June 2023.
  9. ↑ "Grain-free tortilla maker wins $90 million to expand". The Business Journals. February 2019. Retrieved 30 June 2021.
  10. ↑ "US startup Flock Safety raises $275 million to fund manufacturing plant, R&D". Reuters. 13 March 2025. Retrieved 8 September 2025.
  11. ↑ D'Alessandro, Anthony (2 March 2022). "A24 Closes $225M Equity Investment to Fund Expansion". Deadline. Retrieved 6 June 2022.