Stripe, a San Francisco, CA and Dublin, Ireland-based company building economic infrastructure for the internet, announced a Series I fundraise of more than $6.5 billion (€6.15 billion) at a $50B (€47B) valuation.
Primary investors include existing Stripe shareholders—Andreessen Horowitz, Baillie Gifford, Founders Fund, General Catalyst, MSD Partners, and Thrive Capital—as well as new investors including GIC, Goldman Sachs Asset and Wealth Management, and Temasek.
The funds raised will be used to provide liquidity to current and former employees and address employee withholding tax obligations related to equity awards, resulting in the retirement of Stripe shares that will offset the issuance of new shares to Series I investors. The company does not need this capital to run its business.
Led by CEO Patrick Collison and President John Collison, Stripe is a technology company that builds economic infrastructure for the internet. Businesses of every size—from new startups to public companies—use its software to accept payments and manage their businesses online. Enterprise user base now includes some of the largest global enterprises like Amazon, Ford, Salesforce, BMW, Maersk, as well as OpenAI, Anthropic, Midjourney, Copy.ai, CoreWeave, and a long list of others. The company also has offices in London, Paris, Singapore, Tokyo, and more.
FinSMEs
16/03/2023