Stripe's latest funding round values the online-payments giant at a staggering $95 billion post-money, in a European growth-focused bet that makes it second only to ByteDance as the world's most valuable venture-backed company.
- Stripe previously was valued at about $36 billion following a private round less than a year ago.
- In the deal announced Sunday, the company raised $600 million from investors including Baillie Gifford, Fidelity and Sequoia. Also participating were Allianz X, Axa and Ireland’s National Treasury Management Agency. Stripe's headquarters are in Dublin and San Francisco.
- At $95 billion, the new price tag vaults Stripe up the valuation leaderboard past SpaceX, Didi Chuxing and Instacart, according to PitchBook data.
- Funding European growth is the main focus of the deal, Stripe said, underscoring the surge in demand by many of the region's largest businesses.