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July 10, 2012 04:16 am GMT
White-hot payments startup Stripe has closed a $20 million Series B round of financing, led by General Catalyst with existing A-list investors Sequoia, Peter Thiel (personally) and angels Chris Dixon, Aaron Levie and Elad Gil also following on. Redpoint will be coming on as a new investor.Stripe'svaluation during this Series B was in the hundreds of millions, up to a half-billion dollars, according to a source (It's unclear whether that valuation is pre- or post-money).The relatively under-the-radar company has already raised $20 million in prior funding from the aforementioned investors as well as PayPal co-founders Max Levchin and Elon Musk, with the under-reported $20 million Series A happening 12 months before this round closed.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/cXDG64yNjFE/
Sexy Payments Startup Stripe Swipes $20M From General Catalyst, Sequoia, Thiel And More
White-hot payments startup Stripe has closed a $20 million Series B round of financing, led by General Catalyst with existing A-list investors Sequoia, Peter Thiel (personally) and angels Chris Dixon, Aaron Levie and Elad Gil also following on. Redpoint will be coming on as a new investor.Stripe'svaluation during this Series B was in the hundreds of millions, up to a half-billion dollars, according to a source (It's unclear whether that valuation is pre- or post-money).The relatively under-the-radar company has already raised $20 million in prior funding from the aforementioned investors as well as PayPal co-founders Max Levchin and Elon Musk, with the under-reported $20 million Series A happening 12 months before this round closed.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/cXDG64yNjFE/
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