Series A17 March 2023

Stripe raises $6.5bn in a Series I funding round at a $50bn valuation.

The funding round involves participation from existing shareholders and new investors to provide employee liquidity.

$6.5BSeries A

≈ £5.3B at $1 = £0.8209 on 17 Mar 2023

Stripe provides payment processing infrastructure for internet businesses, enabling them to accept payments globally.

Stripe has secured $6.5bn in a Series I funding round at a valuation of $50bn. The capital comes from a mix of existing backers including Andreessen Horowitz and Thrive Capital, alongside new participants such as GIC and Goldman Sachs Asset and Wealth Management.

The proceeds are earmarked to provide liquidity for current and former employees, and to cover withholding tax obligations connected to equity awards. Management noted that the business does not require the capital for daily operations.

The transaction follows a reduction in the company internal valuation over recent years, reflecting wider market corrections in technology stocks.

From the founder

"Over the last 12 years, current and former employees of Stripes have helped build foundational economic infrastructure for millions of businesses around the world, and this transaction gives them the opportunity to access the value they've helped create. But the internet economy is still young, and the opportunities of the next 12 years will dwarf those of the recent past. There's so much to discover and to create. For us, it's now back to work."

John Collison

Co-Founder and President at Stripe

Investor perspective

"Stripe's strategy is inherently indexed to secular trends that will only compound for decades to come: the growth of the internet economy and the trajectories of the world's most innovative and forward-looking companies. Stripe will continue to be at the epicenter of every new technology current, and is the de facto choice for the businesses and builders that are creating the future. This is why we first invested in Stripe in 2014, and why we are proud to deepen our partnership."

Josh Kushner

Founder and CEO, Thrive