It’s a big day for Stripe. The Silicon Valley startup has raised a staggering $150 million, raising its valuation to a sky-high $9 billion.
Alphabet led the investment through its late-stage investment arm, CapitalG, alongside General Catalyst Partners. Stripe, last valued at $5 billion, has raised nearly half a billion dollars to date.
“The company’s valuation is a reflection on its size, scale, potential profitability and an unbounded market size,” General Catalyst managing director Hemant Taneja told Bloomberg.
Now six years now, Stripe has users in more than 100 countries after expanding to Asia this year.
The new influx of capital will fuel further international expansion, according to the company, and possible acquisitions now that the startup has cemented itself as an anchor in the space.