Venture capital firm Sequoia Capital, which owns a 16% stake in stablecoin platform Bridge, is expected to earn more than $100 million from Stripe's $1.10 billion acquisition of Bridge. Sequoia invested $19 million in Bridge's Series A round last year, according to people familiar with the matter.
Other venture capital firms will also receive hundreds of millions of dollars in windfalls from Bridge's stake, including Ribbit Capital, Haun Ventures, Index Ventures and Bedrock Fund Management. Ribbit's stake in Bridge is about 10 percent and worth $100 million, while Bedrock and Index Ventures each own about 6 percent and Kathryn Haun's venture capital firm owns 4 percent.
Previously, Stripe acquired stablecoin payment platform Bridge for $1.10 billion; this marks the largest acquisition in the crypto industry to date.
Sequoia is expected to earn more than $100 million from Stripe's acquisition of Bridge
2024-10-29 01:21:17
Venture investment firm Sequoia Capital ( sequoia capital) owneddesk3cryptocurrencydesktopCrypto News
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
红杉资本有望从Stripe对Bridge的收购中获得超过1亿美元的收益Next article：
观点：赤字支出和利率下降推动全球流动性增加，使比特币和相关市场受益
