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Two Irish Startups Find Success in San Francisco

Intercom

Hot on the heels of the announcement by Intercom that it raised €23m in Series B financing, Stripe, the online payments company founded by Patrick and John Collison, have announced a Series C round of $80m dollars which values the business at €1.75bn dollars.

Both companies are founded by Irish people and both are growing aggressively, leading a new generation of web technologies, and expanding internationally.

Intercom is providing a customer communication platform, described as one of “a new wave” of CRM companies.  Describing his company as “a Silicon Valley outsider”, CEO Eoghan McCabe, has written a blog post sharing some of the insight learned in winning the confidence and the investment of major figures in the US startup scene.

It’s fair to say that fundraising is a pseudo-achievement. It doesn’t in itself create value. That comes from what you spend the money on. Yet it’s worth celebrating because of what you really have achieved to be able to convince smart people to back you

Techcrunch has an interview with John and Patrick Collison in which they explain their aim to make Stripe the AWS of online payments.  The company is challenging incumbents such as Paypal with its developer friendly approach and has seen rapid growth, attracting several large clients in 2013.  It’s recently been reported that they are in negotiations to become the payments system for a new commerce platform for Twitter.

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Trackbacks/Pingbacks

  1. The Purge [Audio] - January 31, 2014

    […] talk about Naoki Hiroshima and the hackers who stole his $50,000 twitter name.  Congratulations to Stripe and to Intercom on their recent investments and congratulations to Tito for their bootstrapped […]

  2. Patrick Collisson joins Y Combinator as a Partner - April 15, 2014

    […] Patrick is a Y Combinator veteran, having brought two companies through the accelerator programme.  A former winner of the Young Scientists Exhibition, in 2007 he and his brother John were just teenagers when they were selected for one of the first Y Combinator programmes, moving to California where they joined up with two English entrepreneurs to found a company called Auctomatic.  Their latest venture, Stripe, has been valued at $1.75bn. […]

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