Stripe tried to raise more funding at a $55B-$60B valuation • TechCrunch


When payments giant Stripe raised $600 million at a $95 billion valuation in 2021, it made headlines for raising capital at the highest-ever valuation for a privately held startup.

Defending that valuation appears to be challenging. The fintech company has reportedly approached investors about raising more capital — at least $2 billion — at a valuation of $55 billion to $60 billion. According to The Wall Street Journal, Stripe would not use the money toward operating expenses but rather to cover a large annual tax bill associated with employee stock units. It is not clear if any discussions are ongoing.

That information came to light on the same day that Stripe was said to have told employees that it had set a 12-month deadline for itself to either go public or pursue a transaction on the private market.

TechCrunch reached out to Stripe, which responded with “no comment.”

The news comes after several months of apparent struggles at Stripe. In November, it laid off 14% of its staff, or around 1,120 people, saying it had overhired for the world we’re in.” And…

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