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Stripe valuation reset
- Stripe has raised more than $6.5bn yesterday at about half the valuation it carried 2 years ago
- Funds were provided by existing investors in the company including Peter Thiel’s Founders Fund, Josh Kushner’s Thrive Capital, and Andreessen Horowitz. New backers were two Singaporean investors, state fund Temasek and sovereign wealth fund GIC
- New capital raised will meet billions of dollars of tax liabilities associated with employees’ stock units
- New valuation of $50bn, almost 50% below peak of $95b in 2021
- Current valuation is c.3.5x times last year’s gross revenue
Highly unlikely now for the company to pursue an IPO in 2023, under current market conditions IMHO.
Source: The Org
Source: Reuters
Reuters
Breakingviews - Stripe’s $50 bln reset is relative sign of health
Stripe’s valuation cut is arguably still a relative sign of strength. The privately held payment startup co-founded by brothers Patrick and John Collison said late on Wednesday it raised over $6.5 billion from existing and new investors in a funding round that values it at $50 billion. The newly attained price tag is a 47% cut from its 2021 valuation of $95 billion. And by some metrics Stripe seem
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