Digital payments firm Stripe on Wednesday announced that it has raised more than $6.5 billion at a $50 billion valuation.
All proceeds will be used to help Stripe employees cover tax obligations related to the pending expiration of restricted stock units, plus to fund a new stock tender offer for current and former employees.The stock tender is voluntary, with employees eligible to sell as few or as many vested shares as they want .
The company, which powers online payments for such companies as Amazon and Lyft, was valued a5 $95 billion by venture capitalists in March 2021, up from $35 billion just three months earlier.in the round included GIC, Goldman Sachs Asset and Wealth Management and Temasek. Return backers included Andreessen Horowitz, Baillie Gifford, Founders Fund, General Catalyst, MSD Partners and Thrive Capital.
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