Stripe was valued at $50 billion yesterday, but it is already trading at $45 billion today.
The capital raise from investors including Thrive Capital could be the largest private funding round in recent memory, marking a steep decline in the valuation of the fintech startup, which was valued at $95 billion in early 2021.
In the secondary market, Stripe is already trading at a discount from the run they just closed, with offers coming in at $45 billion.
This is a significant discount from its record valuation of $95 billion in 2021, which has been reduced twice in recent months to reflect the pullback in tech stocks and the need to provide liquidity to employees.
Series I funding round
The new funding comes from various investors, including GIC, Goldman Sachs Asset Management, and John Collison, who told CNBC in 2021 that the company is “very happy as a private company.” At the time, Collison dismissed rumors of a potential IPO.
However, a public offering becomes increasingly likely as the company grows and raises funds.
In summary, Stripe's latest funding round provides the company with a significant infusion of capital while enabling it to maintain its private ownership. The company's decision to provide liquidity to its employees and address tax obligations underscores its commitment to maintaining a positive workplace culture and rewarding its team for their contributions to its success.
About Stripe
Stripe, founded in 2010 by Patrick and John Collison, is a technology company that builds economic infrastructure for the Internet. Businesses of all sizes, from startups to public companies, use Stripe's software to accept payments and manage operations online. Dual-headquartered in San Francisco and Dublin, Stripe has offices in London, Paris, Singapore, and Tokyo, among other locations. In 2021, Stripe processed over $640 billion in payments, supports more than 135 currencies and payment methods and is available in over 45 countries.
