Stripe Attracts Additional Financing in the Amount of $600 Mln

In April 2020, it became known that the American startup Stripe attracted additional financing. This time the company raised $600 mln. According to the results of financing, the company is estimated at $36 bln and is considered the most expensive Silicon Valley startup at the moment.

Andreessen Horowitz, General Catalyst, GV (Alphabet) and Sequoia Capital are investors who have financed Stripe. The funds that the technology company managed to attract are planned to be spent on product development, expansion of geographical activities, implementation of initiatives and the involvement of specialists.

Investor interest in the technological company Stripe grew noticeably even before the COVID-19 pandemic. Now, as a result of the consequences of the coronavirus epidemic, there is a noticeable increase in demand for digital financial and payment services. One of the key reasons is the lack of need to go out to visit banks and shops. Investors are confident that after the victory over the coronavirus, such demand for digital services will continue — therefore, venture funds are not in vain seeing the potential in technology companies.

Image courtesy: Startup Beat