The Collison brothers’ fast-growing $5bn e-commerce giant Stripe has signed a lease on a new premises at the The One Building on Grand Canal Street in Dublin’s famous Silicon Docks.
Stripe, started by Irish brothers John and Patrick Collison, was recently valued at $5bn after raising close to $100m from investors including card giant Visa.
Stripe president and co-founder John Collison told Siliconrepublic.com recently that the company fosters ambitions to be a 1,000-person company in the next few years.
A spokesperson for the company said Stripe plans to gradually grow its operations in Dublin.
‘As a company with Irish founders, The One Building not only cements our Irish roots but provides enough space to gradually expand our team’
– DON O’LEARY, STRIPE
The 45,000 sq ft The One Building was designed by Irish architect Sam Stephenson and was recently redeveloped by Jones Investments Ltd, the company that redeveloped Dock Mill on Barrow Street, which was sold to Google last year.
It is understood that Stripe plans to use only part of the building, initially.
Room for expansion
As well as being in the Silicon Docks district of Dublin (where Facebook, Google and Airbnb are situated) the building is close to transport links from the DART and Luas lines.
The company has been bolstering its senior management team with seasoned executives that include former Google X division executive Claire Johnson, who is the company’s new head of operations, and Thrive Capital’s Will Gaybrick as CFO.
The company also this year appointed former Twitter executive Don O’Leary to spearhead the company’s European expansion from Dublin. The team up until this point has been based in The Digital Hub and numbers around 15 people.
“As a company with Irish founders, The One Building not only cements our Irish roots but provides enough space to gradually expand our team,” said Don O’Leary, Stripe’s country lead for Ireland.
“As we look to provide faster, more local support to our European users, being centrally located with room for growth was a top priority for us.”
In a recent pricing update on the Stripe blog it was revealed that Stripe is now available in 14 countries across Europe.
Stripe was founded five years ago when Patrick was 22 and John was 19.
Stripe is a technology platform that developers use to build internet businesses. Hundreds of thousands of businesses – ranging from startups to Fortune 500 companies – rely on Stripe’s software tools to securely accept payments, expand globally, and create new revenue streams.
The Collison brothers had previously sold their first start-up, Auctomatic, for US$5m (€3.2m) to a Canadian company called Live Current Media when they were still teenagers.
Stripe is now one of the fastest-growing tech companies in the Silicon Valley scene and the company has received investment from Peter Thiel, Elon Musk, Sequoia Capital, Visa and American Express to name a few.
Today the San Francisco-headquartered company processes billions of dollars a year for customers including Kickstarter and Salesforce.