Stripe In Talks for Possible Funding Round Led by Thrive Capital

Stripe  laid off staff and cut its internal valuation multiple times, most recently to $63 billion, according to reports. — Stripe laid off staff and cut its internal valuation multiple times, most recently to $63 billion, according to reports.
Photographer: David Paul Morris/Bloomberg

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By Sarah McBride

January 31, 2023 at 1:59 AM UTC

This article is for subscribers only.

Payments startup Stripe Inc. is discussing a possible funding round led by Thrive Capital, a venture capital firm founded by Joshua Kushner, according to a person familiar with the matter. A deal would allow some veteran employees of the company to sell their shares even if Stripe does not go public imminently.

Thrive would invest $1 billion in Stripe as part of a larger funding round valuing the startup at $55 billion to $60 billion, said the person, who asked not to be identified because the discussions are private. That’s significantly lower than the $95 billion valuation Stripe received in its most recent funding round in 2021. The New York Times earlier reported the news.