November 25, 2016Blog Posts

Payments Startup Stripe Valued at $9 Billion in New Funding

Bloomberg:

Stripe Inc. raised new financing that values the startup at about $9 billion, cementing its status as a major player in the crowded digital payments space and heralding a possible initial public offering.

CapitalG, the late-stage investment arm of Alphabet Inc., and venture capital firm General Catalyst Partners led the $150 million round, with participation from existing investors including Sequoia Capital. The San Francisco-based startup was previously valued at $5 billion and has raised more than $450 million to date.

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