Stripe hits $95B valuation, is now Silicon Valley’s most precious private company

Online payment platform Stripe became Silicon Valley’s most valuable private company with its latest funding round. The company announced on Sunday that it has raised $600 million from Allianz X, Axa, Baillie Gifford, Fidelity Management & Research Company, Sequoia Capital, and Ireland’s National Treasury Management Agency (NTMA), taking its valuation to a gargantuan $95 billion.  As the Financial Times noted, the 11-year-old company has surpassed the valuation of Facebook and Uber before they went public. In relation to other private startups, Stripe leads trading platform Robinhood, which is currently valued at $11.7 billion, by a massive margin. Stripe raised a round…

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from https://thenextweb.com/hardfork/2021/03/15/stripe-hits-95b-valuation-is-now-silicon-valleys-most-precious-private-company/