Payments Startup Stripe Raises $250M in New Funding
Company is now valued at $35 billion.
Payments startup Stripe is doing a lot more than payments these days. Last week the fintech company announced it raised $250 million in its latest funding round that includes Andreessen Horowitz, General Catalyst and Sequoia, all previous investors. Founded in 2010, the company’s total in venture capital raised to date is $1 billion which also includes investors like Visa, Kleiner Perkins and CapitalG. As a result of this Series F round of funding, Stripe has been valued at $35 billion, an increase of $15 billion in the last year, reports Business Insider. The company does not have any immediate plans to take the company public.
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