Stripe, a payments giant, has recently made headlines for its impressive venture capital raise of $600 million at an incredible valuation of $95 billion. Now it appears that the company is looking to further increase its funding with a new round of investments at an even more ambitious valuation.
According to reports, Stripe is aiming for a range between $55 billion and $60 billion this time around. This would represent an increase in value from their previous round by over 40%. Such an astronomical figure speaks volumes about the confidence investors have in Stripe’s potential as well as their ability to deliver on those expectations.
The fact that such high valuations are being discussed shows just how much faith investors place in the future success of Stripe and other companies like them who are leading innovation within their respective industries. It also serves as evidence that venture capitalists remain bullish on technology startups despite recent market volatility due to COVID-19 related economic uncertainty. With so much optimism surrounding tech firms right now, it will be interesting to see if Stripe can reach or surpass these lofty targets when they finally close out this latest fundraising effort.
Read more at TechCrunch
