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2024-10-29 01:10:39
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cointelegraph.com11 on Nostr: Summary of Sequoia to make $100M windfall from Stripe’s Bridge acquisition: Report ...

Summary of Sequoia to make $100M windfall from Stripe’s Bridge acquisition: Report
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2024-10/0192d557-be35-7449-97f3-acef5599a350


The source article:
Sequoia to make $100M windfall from Stripe’s Bridge acquisition: Report
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2024-10/0192d557-be35-7449-97f3-acef5599a350

Sequoia Capital owns 16% of Bridge, which is set to be acquired by payments platform Stripe for $1.1 billion.

https://cointelegraph.com/news/sequoia-100-million-stripe-bridge-deal-report

Sequoia Capital, a venture capital firm, is set to benefit from Stripe's acquisition of Bridge, a stablecoin platform, for $1.1 billion. The firm owns 16% of Bridge and made a $19 million investment in the company's Series A round. Other venture capital firms, including Ribbit Capital, Haun Ventures, Index Ventures, and Bedrock Fund Management, are also set to make hundreds of millions of dollars from their stakes in Bridge.
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