Major Stripe investor Sequoia confirms $70B valuation, offers its investors a payday

Quick Summary:

Payments giant Stripe has delayed going public for so long that its major investor Sequoia Capital is getting creative to offer returns to its limited partners.

The venture firm emailed LPs in funds raised between 2009 and 2011 with an offer to buy up to $861 million worth of shares in Stripe, Axios reported.

In March, Stripe noted in its annual letter that it had crossed the $1 trillion total payment volume metric in 2023 after seeing a 25% bump in its payment volume.

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Article Details

Author / Journalist: Mary Ann Azevedo

Category: Technology

Markets: United StatesIndiaPhilippines

Topics: Sequoia Capital Fintech Stripe Venture

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 19:01:17 (1 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1225 words

Reading Time: 7 minutes read

Sentences: 57 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 21634610

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