Ultra-hot payments startup Stripe has brought on $70 million in new funding that will double its valuation less than a year after its last raise. The round, which was first reported by the Financial Times, brings the total amount Stripe has raised to more than $200 million.
With the new financing, Thrive Capital joins Stripe’s list of investors, which also includes Sequoia, General Catalyst, Founders Fund, and Khosla Ventures. The company’s valuation has increased to $3.5 billion, which is up for $1.75 billion during its last round.
After its last raise, Stripe said it was focused on international growth. Since the company couldn’t be reached for comment, we’re assuming that’s still the case. ¯\_(ツ)_/¯