Observed Signal · Mar 9, 2023 · Funding · Source: Trending Topics · Impact: 3/5 · Sentiment: Neutral
Stripe reportedly seeks $6B at $50B valuation
Stripe is reportedly raising $6 billion in a new funding round at a $50 billion valuation, well below the $95 billion valuation it attracted in March 2021 and the internal valuation of nearly $100 billion earlier. According to newsletter Newcomer.co, the proceeds are not primarily for growth, but to help early employees exercise expiring restricted stock units (RSUs) and fund a tender offer so employees can sell shares. Bloomberg reported that the RSU expirations create a $3.5 billion tax bill for Stripe, with about $2.3 billion due in the first quarter of 2023 for tax withholdings. Potential participants in the round include Thrive Capital, General Catalyst, Andreessen Horowitz and Founders Fund. Historical investors include Allianz X, Axa, Baillie Gifford, Fidelity Management & Research, Sequoia Capital and Ireland's NTMA.
Stripe is a major global payments and e-commerce infrastructure provider; a $6B fundraise at half its previous valuation signals a significant correction in private technology valuations and affects the broader digital economy.
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Key Takeaways & Evidence Grounding
- Stripe is reportedly raising $6 billion at a $50 billion valuation.
- The valuation is down from the $95 billion valuation in March 2021 and from nearly $100 billion internally.
- The proceeds are intended to help early employees exercise expiring restricted stock units (RSUs) and support a share buyback.
- Bloomberg reported that Stripe faces a $3.5 billion tax bill, with about $2.3 billion due in Q1 2023 for tax withholdings.
- Thrive Capital, General Catalyst, Andreessen Horowitz and Founders Fund are named as investors potentially participating.
Connected Companies & Entities
10 Entities mapped“Stripe, one of the US's flagship fintechs, is in fundraising mode....”
“The article says it seems that renowned investors Thrive Capital, General Catalyst, Andreessen Horowitz and Founders Fund want to enter Stri...”
“The article says it seems that renowned investors Thrive Capital, General Catalyst, Andreessen Horowitz and Founders Fund want to enter Stri...”
“The article says it seems that renowned investors Thrive Capital, General Catalyst, Andreessen Horowitz and Founders Fund want to enter Stri...”
“The article says it seems that renowned investors Thrive Capital, General Catalyst, Andreessen Horowitz and Founders Fund want to enter Stri...”
“In March 2021, Allianz X, Axa, Baillie Gifford, Fidelity Management & Research Company, Sequoia Capital and Ireland's NTMA came on board at ...”
“In March 2021, Allianz X, Axa, Baillie Gifford, Fidelity Management & Research Company, Sequoia Capital and Ireland's NTMA came on board at ...”
“In March 2021, Allianz X, Axa, Baillie Gifford, Fidelity Management & Research Company, Sequoia Capital and Ireland's NTMA came on board at ...”
“Bloomberg reported that Stripe must pay $3.5 billion in taxes due to expiring RSUs....”
Ontology Mapping & Concepts
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