Sequoia Capital to Earn $100M From Stripe’s $1.1B Acquisition of Bridge

Venture capital firm Sequoia Capital stands to make approximately $100 million following Stripe’s $1.1 billion purchase of Bridge.

Other firms that invested in Bridge also stand to make significant returns. Ribbit Capital, which holds close to 10% of Bridge, expects a return similar to Sequoia’s. Bedrock Fund Management and Index Ventures hold about 6% each, and Haun Ventures maintains a 4% stake in the company.its finalized $1.1 billion bid for Bridge on October 20. The platform, co-founded by Sean Yu and Zach Abrams, offers software tools for businesses to process payments in stablecoins.

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