Mary Meeker Leads Funding Said to Value Plaid at $2.7 Billion
- The software startup raised $250 million from investors
- The deal could be Meeker’s last while at Kleiner Perkins
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Plaid Inc. has raised a new round of financing led by famed venture capitalist Mary Meeker on behalf of Kleiner Perkins Caufield & Byers.
The funding round, early news of which circulated in October, will give San Francisco-based Plaid $250 million in fresh capital. The company is not disclosing its new valuation, but a person close to the deal said the startup is now worth $2.65 billion. That’s up from its previous valuation of less than $1 billion, following a financing round led by Goldman Sachs Group Inc. in 2016.