• Loading stock data...
Sunday, June 15, 2025

Stripe Becomes Top U.S. Startup with $95B Valuation

Stripe/Design: Alex Brooks

Elon Musk’s SpaceX was knocked off the top of the most valuable startup list. In its place? A company you’ve probably used to shop online.

Online payment processor Stripe raised $600 million in its latest funding round, nearly tripling its valuation to $95 billion. It was valued at $36 billion last April.

Stripe’s software accepts payments and other transactions for millions of businesses, including sports-based ones like OpenSports and LeagueApps — online platforms that organize community sports groups and events.

  • OpenSports lists over 250,000 orders per year.
  • LeagueApps hit $15 million in revenue in 2020.

“I view this as a bit more opportunistic,” Chief Financial Officer Dhivya Suryadevara said about Stripe’s additional funding. The company “is highly capital efficient.”

PayPal is still the sector’s leader with a $359 billion valuation. It’s been public since 2002 and is integrated with most sports betting services. Square has also seen an uptick in use with sports organizations and has deals with stadiums like Nationals Park and the Chase Center.

Board member Mike Moritz considers the $600 million a “rainy day” fund. “It pays to have a little more insurance,” he said.

Stripe plans to use the latest round of funding to invest in its European operations as global payments and e-commerce continue to grow.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

What Pro Team Would Ted Leonsis Like to Buy Next?

The Monumental Sports & Entertainment CEO would like to grow his empire further.
Oct 5, 2023; San Francisco, CA, USA; Golden State Warriors co-executive director & chief executive officer Joe Lacob, WNBA commissioner Cathy Engelbert and Warriors co-executive director Peter Guber pose for a group photo during a press conference to announce an expansion WNBA franchise in the San Francisco Bay Area at Chase Center.

Warriors, Valkyries Coexist Without Arena Conflict—for Now

The Valkyries are expected to be at the bottom of the standings.
July 9, 2009; Auburn Hills, MI, USA; Detroit Pistons president Joe Dumars during the press conference to introduce their new head coach John Kuester at their practice facility.

Joe Dumars Leaving NBA League Office to Run Pelicans

Joe Dumars was the architect of the 2004 champion Pistons.
Mar 20, 2025; Providence, RI, USA; Arkansas Razorbacks forward Karter Knox (11) controls the ball against Kansas Jayhawks during the first half at Amica Mutual Pavilion.

Men’s March Madness Sets Opening-Day Viewership Record

CBS Sports and TNT Sports scored big with Arkansas–Kansas.

Featured Today

Dec 5, 2024; Miami, FL, USA; FIFA president Gianni Infantino presents the FIFA Club World Cup trophy during the Club Word Cup draw at Telemundo Studios.

Revamped Club World Cup Is FIFA’s Billion-Dollar Gamble

The revamped soccer event debuts amid controversy.
Jun 10, 2025; Nashville, Tennessee, USA; United States head coach Mauricio Pochettino stands during the anthem against the Switzerland during the first at Geodis Park
June 14, 2025

Gold Cup Is Complicated for USMNT—but U.S. Soccer Has Its Eyes on..

Uncertain tournament success isn’t fazing forward-looking U.S. soccer.
Jan 24, 2017; Davidson, NC, USA; The Davidson Wildcats student section cheers during the first half against the Duquesne Dukes at McKillop Court at John M. Belk Arena. Davidson defeated Duquesne 74-60.
June 6, 2025

Every College Wants a Flashy Basketball GM Hire Right Now

The role is more important than ever, and the definition is ever-evolving.
August 31, 2024; Columbus, Ohio, USA; The Goodyear blimp flies over Ohio Stadium during the first half of Saturday’s NCAA Division I football game between the Akron Zips and the Ohio State Buckeyes.
June 6, 2025

Why the Goodyear Blimp Is at Every Major Sports Event

The airship wasn’t built to cover sports. Now it’s a regular presence.

Max Verstappen Linked to $300M Aston Martin Deal Ahead of Miami GP

Aston Martin is currently seventh in the constructors championship.
March 20, 2025

High School Sports Power Signs Eight-Figure Rights Deal in First

The deal pays roughly $1 million annually, FOS has learned.
March 27, 2025

Peyton Manning’s Omaha Productions Gets PE Boost

The Hall of Famer’s company gains another prominent backer.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Ted Leonsis unpacks basketball’s global rise, media rights, and portfolio ownership.
March 20, 2025

Maxx Crosby’s Agent: Edge Rushers Set to Dominate NFL’s Non-QB Market

Maxx Crosby just signed a three-year, $106.5 million extension.
March 4, 2025

Eagles Make Saquon Barkley NFL’s Highest-Paid Running Back Ever

Barkley is coming off a historic 2024 season with the Eagles.
February 18, 2025

Tiger Woods Signs First PGA Tour Player to Wear Sun Day Red

Karl Vilips will wear Sun Day Red at his season debut at the Mexico Open.
Teammates embrace during matchup in The Hundred cricket league
February 15, 2025

Google, Microsoft, Adobe CEOs Buy Stakes in Cricket League

The England and Wales Cricket Board raised £520m by selling team stakes.