Stripe Valued At $95 Billion After New $600 Million Funding Round

Stripe, with its new $95 billion valuation after a recent deal with investors, is now the most valuable private company in Silicon Valley, according to a report from Financial Times (FT).

The participants in the recent investment round, which netted Stripe another $600 million, include Ireland’s National Treasury Management Agency, Allianz, Fidelity, Baillie Gifford, AXA and Sequoia Capital.

The company’s increasing value shows how the eCommerce boom has been unfolding — it’s resulted in higher values for rivals like Adyen, Square and Checkout.com.

Some investors have been questioning the sustainability of rising valuations for tech companies, with inflation on the rise and sending shockwaves through the American bond market. The vaccine rollouts, which have promised to reopen the world to something like what it was pre-pandemic, have also thrown a wrench in the plans at times. That, as well as the recently-passed Biden administration $1.9 trillion stimulus plan, has sent investors to “old economy” stalwarts like banks and industrials, FT writes.

Over 200,000 companies have signed up for Stripe since the pandemic began a year ago, FT reports, and officials said the company’s systems handled over 5,000 requests per second in 2020. That encompassed payments, refunds, customer data checks and other queries to its application programming interface, according to FT.

Stripe has bolstered its team with new board members and a new CFO in General Motors alum Dhivya Suryadevara, but has so far opted to stay private while many tech companies go public.

In February of 2021, Stripe was forecasted at a $115 billion valuation from investors in secondary market values. That amount is more than three times the $36 billion the company was valued at in April 2020. That valuation would have put Stripe at a third of PayPal‘s market cap.