The business service provider has added $40m to the round's Stripe-backed first close, doubling its valuation to $1.2bn in the process.

US-based back-office services provider Pilot has increased a series C round featuring digital payment technology producer Stripe to $100m, valuing it at $1.2bn.

Investment adviser Whale Rock Capital co-led the round’s $40m second tranche with Bezos Expeditions, the personal investment vehicle for Amazon founder Jeff Bezos, participating together with venture capital firms Sequoia Capital and Index Ventures.

The $60m first close was led by Sequoia Capital in January this year and backed by Stripe and Index Ventures at a…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.