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requital giantStripehas acquired a four - year - previous competitor , Lemon Squeezy , the latter companyannouncedFriday .
Terms of the deal were not disclosed .
As a merchandiser of record , Lemon Squeezycalculates and give global sales tax for digital production , handling legal processing and fees in every country . It primarily serves SaaS and software businesses .
Ina post on X , Stripe CEO Patrick Collison announced the acquisition , read , “ Welcome@lmsqueezy ! We ’re going to descale merchandiser of record book selling in a big way . ” And Chief Product Officer Will Gaybrick shared in his ownpost : “ When asked “ what should Stripe ship next ? ” many of you ’ve said merchant of record book . The Lemon Squeezy team has built an splendid MoR Cartesian product , and we ’re unrestrained to ferment together with them to help more of you establish to grow ! ”
Ina web log Charles William Post , Lemon Squeezy carbon monoxide - founding father and CEO JR Farr noted that since his 13 - person company ’s public launch in 2021 , that it receive “ many accomplishment offer and ( Series A ) term sheets from investors . ” In one podcast , Farr specifically discussedturning downa $ 50 million Series A term sail . ( It ’s not clear how much , if any , speculation fund the inauguration has raised . )
He added : “ But despite the allurement of these opportunities , we knew that what we had built was truly peculiar and needed the right spouse to take it to the next level . We ’re lofty to say that we ’ve happen that spouse in Stripe and have gone from idea to learning in under three year . ”
While he did not share current revenue design , Farr said that Lemon Squeezy stand out $ 1 million in annual recurring revenue nine months after its public launch in 2021 .
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The laminitis also said that Lemon Squeezy has been process defrayment on Stripe since its origination .
This is n’t Stripe ’s first accomplishment this twelvemonth . In March , the payment hulk completed an “ acqui - hire ” of the four - person team fromSupagluefor an undisclosed summation . Supaglue raised a $ 6.8 million seed round in November 2021 , lead by Benchmark worldwide partner Chetan Puttagunta .
Supaglue , formerly known as Supergrain , was an capable seed developer program for user - facing integration .
And last summertime , Stripepicked up Okay , a startup that developed a low - code analytics software system to help oneself engineering leaders intimately understand how their team are performing . Okay was a small startup , with just seven employees , that over meter had raised $ 6.6 million from investor such as Sequoia Capital and Kleiner Perkins after graduate from Y Combinator ’s Winter 2020 age bracket .
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