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According to The New York Times, which cited the company's announcement of the financing, Stripe has received $6.5 billion in new funding, with investors valuing the company at $50 billion. With a $95 billion valuation, the service has risen to the position of Silicon Valley's most expensive private business in 2021.
The business announced that it has secured fresh financing from backers including Thrive Capital, Founders Fund, and Andreessen Horowitz. Stripe stated that it intended to use the funds to assist workers in selling company stock and pay taxes associated with stock compensation.
The deal will allow current and former employees who have "helped build the foundational economic infrastructure for millions of businesses around the world" access to the value they created, according to John Collison, co-founder and president of Stripe.
According to the NYT, Stripe's decline in valuation represents a challenging time for startups. Startups financing, which had been supported by low interest rates and affordable capital, has decreased over the past year.
source: nytimes.com
The business announced that it has secured fresh financing from backers including Thrive Capital, Founders Fund, and Andreessen Horowitz. Stripe stated that it intended to use the funds to assist workers in selling company stock and pay taxes associated with stock compensation.
The deal will allow current and former employees who have "helped build the foundational economic infrastructure for millions of businesses around the world" access to the value they created, according to John Collison, co-founder and president of Stripe.
According to the NYT, Stripe's decline in valuation represents a challenging time for startups. Startups financing, which had been supported by low interest rates and affordable capital, has decreased over the past year.
source: nytimes.com
