Around the Net
Mobile Commerce Company Valued at $3.5 Billion
- Mobile Payments Today, Friday, December 5, 2014 12:23 PM
Stripe, the e-commerce startup, Tuesday announced it has raised $70 million in a new funding round to put the company's valuation at $3.5 billion. The company, which was founded by a pair of brothers in 2009, was worth $1.75 billion in January. Bloomberg reported that Stripe's current funding round comes from new and exisiting investors. Previous investors inude venture capital firms Founders Fund, General Catalyst, Sequoia Capital and Khosla Ventures. The new kid on the block this time around is Thrive Capital, according to Bloomberg.
