schema: stripe-history/valuations/v1
observations:
  - id: valuation-2026-02-employee-tender
    effective_date: 2026-02-24
    date_precision: day
    title: Signed employee tender agreements value Stripe at $159 billion
    mechanism: company-tender
    status: agreements-signed
    confidence: confirmed
    valuation:
      currency: USD
      display: $159 billion
      qualifier: exact
      value_usd: 159000000000
      precision: exact-stated
      basis: transaction-implied
    event_id: employee-tender-159-billion-valuation
    source_ids:
      - source-bd6516ac551f19c37d33
  - id: valuation-2025-09-internal-409a
    effective_date: 2025-09
    date_precision: month
    reported_at: 2025-09-23
    title: Stripe's latest 409A mark is reported at $106.7 billion
    mechanism: internal-409a
    status: reported
    confidence: reported
    valuation:
      currency: USD
      display: $106.7 billion
      qualifier: exact
      value_usd: 106700000000
      precision: exact-stated
      basis: common-stock-409a
    notes: The source identified this as Stripe's latest 409A mark while reporting talks about a company share repurchase.
    source_ids:
      - source-049dfcb3b15c61d71dfe
  - id: valuation-2025-02-employee-tender
    effective_date: 2025-02-27
    date_precision: day
    title: Signed employee tender agreements value Stripe at $91.5 billion
    mechanism: company-tender
    status: agreements-signed
    confidence: confirmed
    valuation:
      currency: USD
      display: $91.5 billion
      qualifier: exact
      value_usd: 91500000000
      precision: exact-stated
      basis: transaction-implied
    event_id: employee-tender-91-5-billion-valuation
    source_ids:
      - source-0e881dc1ffda930a1841
  - id: valuation-2024-09-sequoia-secondary
    effective_date: 2024-09
    date_precision: month
    reported_at: 2024-09-09
    title: Sequoia secondary transaction implies a $70 billion valuation
    mechanism: investor-secondary
    status: completed
    confidence: reported
    valuation:
      currency: USD
      display: $70 billion
      qualifier: exact
      value_usd: 70000000000
      precision: exact-stated
      basis: transaction-implied
    share_price:
      currency: USD
      display: $27.51
      qualifier: exact
      value_usd: 27.51
    capital_transacted:
      currency: USD
      display: $861 million
      qualifier: exact
      value_usd: 861000000
    event_id: sequoia-secondary-purchase-70-billion-valuation
    source_ids:
      - source-93f3d70eb5fc195f2ed2
  - id: valuation-2024-02-employee-tender
    effective_date: 2024-02-28
    date_precision: day
    title: Signed employee tender agreements value Stripe at $65 billion
    mechanism: company-tender
    status: agreements-signed
    confidence: confirmed
    valuation:
      currency: USD
      display: $65 billion
      qualifier: exact
      value_usd: 65000000000
      precision: exact-stated
      basis: transaction-implied
    event_id: employee-tender-65-billion-valuation
    source_ids:
      - source-5116ff7a7f3246d58e2a
  - id: valuation-2024-01-closed-secondary
    effective_date: 2024-01-02
    date_precision: day
    reported_at: 2024-01-06
    title: Closed secondary trade implies a $53.65 billion valuation
    mechanism: investor-secondary
    status: completed
    confidence: reported
    valuation:
      currency: USD
      display: $53.65 billion
      qualifier: exact
      value_usd: 53650000000
      precision: exact-stated
      basis: transaction-implied
    share_price:
      currency: USD
      display: $21.06
      qualifier: exact
      value_usd: 21.06
    notes: Caplight supplied the closed-transaction data; Stripe declined to comment.
    source_ids:
      - source-4b4de85478f5981d6494
  - id: valuation-2023-03-series-i
    effective_date: 2023-03-15
    date_precision: day
    title: Signed Series I agreements value Stripe at $50 billion
    mechanism: primary-financing
    status: agreements-signed
    confidence: confirmed
    valuation:
      currency: USD
      display: $50 billion
      qualifier: exact
      value_usd: 50000000000
      precision: exact-stated
      basis: unspecified
    financing_amount:
      stage: agreements-signed
      currency: USD
      display: more than $6.5 billion
      qualifier: lower-bound
      value_usd: 6500000000
    event_id: series-i-employee-liquidity-round
    source_ids:
      - source-1a020b6076d17a8aecd2
  - id: valuation-2023-01-internal-409a
    effective_date: 2023-01-11
    date_precision: day
    title: Internal 409A mark values Stripe at $63 billion
    mechanism: internal-409a
    status: reported
    confidence: reported
    valuation:
      currency: USD
      display: $63 billion
      qualifier: exact
      value_usd: 63000000000
      precision: exact-stated
      basis: common-stock-409a
    share_price:
      currency: USD
      display: $24.71
      qualifier: exact
      value_usd: 24.71
    source_ids:
      - source-67de5aa3b7009ba5ed83
      - source-be63a33e896357893bf6
  - id: valuation-2022-10-internal-409a
    effective_date: 2022-10
    date_precision: month
    reported_at: 2023-01-12
    title: October 409A share price implies about $70.8 billion
    mechanism: internal-409a
    status: retrospective
    confidence: reported
    valuation:
      currency: USD
      display: ~$70.8 billion
      qualifier: approximate
      value_usd: 70800000000
      precision: inferred
      basis: common-stock-409a
    share_price:
      currency: USD
      display: $27.73
      qualifier: exact
      value_usd: 27.73
    derivation:
      formula: $74 billion × $27.73 ÷ $29, rounded to one decimal billion
      inputs:
        - label: July 2022 internal valuation
          value: $74 billion
        - label: July 2022 share price
          value: $29
        - label: October 2022 share price
          value: $27.73
    notes: The estimate assumes the diluted share count did not change between the July and October 409A marks.
    source_ids:
      - source-03f4b7ce98afc255b0ba
      - source-67de5aa3b7009ba5ed83
      - source-be63a33e896357893bf6
  - id: valuation-2022-07-internal-409a
    effective_date: 2022-07-14
    date_precision: day
    title: Internal 409A mark values Stripe at about $74 billion
    mechanism: internal-409a
    status: reported
    confidence: reported
    valuation:
      currency: USD
      display: ~$74 billion
      qualifier: approximate
      value_usd: 74000000000
      precision: approximate-stated
      basis: common-stock-409a
    share_price:
      currency: USD
      display: $29
      qualifier: exact
      value_usd: 29
    source_ids:
      - source-03f4b7ce98afc255b0ba
      - source-67de5aa3b7009ba5ed83
  - id: valuation-2022-01-secondary-market-peak
    effective_date: 2022-01
    date_precision: month
    reported_at: 2023-07-19
    title: Secondary-market data later shows a peak near $200 billion
    mechanism: secondary-market
    status: retrospective
    confidence: indicative
    valuation:
      currency: USD
      display: ~$200 billion
      qualifier: approximate
      value_usd: 200000000000
      precision: approximate-stated
      basis: market-indication
    notes: Notice supplied the retrospective secondary-market series; this was not a company financing or tender.
    source_ids:
      - source-7f1e28293e44b7e2b09c
  - id: valuation-2021-03-series-h
    effective_date: 2021-03-14
    date_precision: day
    title: Series H financing values Stripe at $95 billion
    mechanism: primary-financing
    status: completed
    confidence: confirmed
    valuation:
      currency: USD
      display: $95 billion
      qualifier: exact
      value_usd: 95000000000
      precision: exact-stated
      basis: unspecified
    financing_amount:
      stage: completed
      currency: USD
      display: $600 million
      qualifier: exact
      value_usd: 600000000
    event_id: series-h-600-million-round
    source_ids:
      - source-ebcb0307692f731ceeb8
  - id: valuation-2021-02-secondary-market
    effective_date: 2021-02-17
    date_precision: day
    title: Secondary transactions value Stripe at $115 billion
    mechanism: secondary-market
    status: reported
    confidence: indicative
    valuation:
      currency: USD
      display: $115 billion
      qualifier: exact
      value_usd: 115000000000
      precision: exact-stated
      basis: market-indication
    notes: The report described private secondary transactions, not a Stripe-priced financing.
    source_ids:
      - source-03373a611af0c9e92786
  - id: valuation-2021-secondary-market-pitchbook
    effective_date: "2021"
    date_precision: year
    reported_at: 2021-09-10
    title: Private trades are reported at a $152 billion implied value
    mechanism: secondary-market
    status: reported
    confidence: indicative
    valuation:
      currency: USD
      display: $152 billion
      qualifier: exact
      value_usd: 152000000000
      precision: exact-stated
      basis: market-indication
    notes: PitchBook data described investor sales in the months after the March financing; the exact trade dates were not disclosed.
    source_ids:
      - source-05c9e0722cf8a6d3e9ef
  - id: valuation-2020-04-series-g-extension
    effective_date: 2020-04-16
    date_precision: day
    title: Series G extension values Stripe at nearly $36 billion
    mechanism: primary-financing
    status: completed
    confidence: reported
    valuation:
      currency: USD
      display: ~$36 billion
      qualifier: approximate
      value_usd: 36000000000
      precision: approximate-stated
      basis: unspecified
    financing_amount:
      stage: completed
      currency: USD
      display: $600 million
      qualifier: exact
      value_usd: 600000000
    notes: Stripe said the extension used the same terms as the September 2019 Series G; contemporaneous reporting described the resulting valuation as nearly $36 billion.
    event_id: series-g-extension-600-million
    source_ids:
      - source-e7a9d45ba8cc599f5d4d
      - source-2cca70fe5628f59eba33
  - id: valuation-2019-09-series-g
    effective_date: 2019-09-19
    date_precision: day
    title: Series G financing values Stripe at $35 billion pre-money
    mechanism: primary-financing
    status: completed
    confidence: confirmed
    valuation:
      currency: USD
      display: $35 billion
      qualifier: exact
      value_usd: 35000000000
      precision: exact-stated
      basis: pre-money
    financing_amount:
      stage: completed
      currency: USD
      display: $250 million
      qualifier: exact
      value_usd: 250000000
    event_id: series-g-250-million-round
    source_ids:
      - source-ea53245454672afea5c5
  - id: valuation-2019-01-tiger-follow-on
    effective_date: 2019-01-30
    date_precision: day
    title: Tiger Global follow-on values Stripe at $22.5 billion
    mechanism: primary-financing
    status: completed
    confidence: reported
    valuation:
      currency: USD
      display: $22.5 billion
      qualifier: exact
      value_usd: 22500000000
      precision: exact-stated
      basis: unspecified
    financing_amount:
      stage: completed
      currency: USD
      display: $100 million
      qualifier: exact
      value_usd: 100000000
    event_id: tiger-global-follow-on-100-million
    source_ids:
      - source-d1ea05ba12bb2d5bf626
      - source-8d6599ea85d8f5f485b7
  - id: valuation-2018-09-growth-financing
    effective_date: 2018-09-26
    date_precision: day
    title: Growth financing values Stripe at $20 billion
    mechanism: primary-financing
    status: completed
    confidence: reported
    valuation:
      currency: USD
      display: $20 billion
      qualifier: exact
      value_usd: 20000000000
      precision: exact-stated
      basis: unspecified
    financing_amount:
      stage: completed
      currency: USD
      display: $245 million
      qualifier: exact
      value_usd: 245000000
    event_id: growth-financing-245-million
    source_ids:
      - source-313d5f90eb90dc44a09e
  - id: valuation-2016-11-series-d
    effective_date: 2016-11-25
    date_precision: day
    title: Series D financing values Stripe at about $9.2 billion post-money
    mechanism: primary-financing
    status: completed
    confidence: reported
    valuation:
      currency: USD
      display: ~$9.2 billion
      qualifier: approximate
      value_usd: 9200000000
      precision: approximate-stated
      basis: post-money
    financing_amount:
      stage: completed
      currency: USD
      display: $150 million
      qualifier: exact
      value_usd: 150000000
    event_id: series-d-150-million-round
    source_ids:
      - source-dcf72971de10c76a0dd9
  - id: valuation-2015-07-visa-financing
    effective_date: 2015-07-28
    date_precision: day
    title: Strategic financing values Stripe at about $5 billion
    mechanism: primary-financing
    status: completed
    confidence: reported
    valuation:
      currency: USD
      display: ~$5 billion
      qualifier: approximate
      value_usd: 5000000000
      precision: approximate-stated
      basis: unspecified
    event_id: visa-strategic-financing-5-billion-valuation
    source_ids:
      - source-9a3a3ccb578db86eecac
  - id: valuation-2014-12-series-c-extension
    effective_date: 2014-12-02
    date_precision: day
    title: Series C extension values Stripe at about $3.5 billion
    mechanism: primary-financing
    status: completed
    confidence: reported
    valuation:
      currency: USD
      display: ~$3.5 billion
      qualifier: approximate
      value_usd: 3500000000
      precision: approximate-stated
      basis: unspecified
    financing_amount:
      stage: completed
      currency: USD
      display: $70 million
      qualifier: exact
      value_usd: 70000000
    event_id: series-c-extension-70-million
    source_ids:
      - source-3bb6c45b8d6f9c1124b4
  - id: valuation-2014-01-series-c
    effective_date: 2014-01-22
    date_precision: day
    title: Series C financing values Stripe at about $1.75 billion
    mechanism: primary-financing
    status: completed
    confidence: reported
    valuation:
      currency: USD
      display: ~$1.75 billion
      qualifier: approximate
      value_usd: 1750000000
      precision: approximate-stated
      basis: unspecified
    financing_amount:
      stage: completed
      currency: USD
      display: more than $80 million
      qualifier: lower-bound
      value_usd: 80000000
    event_id: series-c-80-million-round
    source_ids:
      - source-f9691bfff6a0b221be9c
  - id: valuation-2012-07-series-b
    effective_date: 2012-07-09
    date_precision: day
    title: Series B reporting places Stripe's valuation as high as $500 million
    mechanism: primary-financing
    status: completed
    confidence: indicative
    valuation:
      currency: USD
      display: up to $500 million
      qualifier: upper-bound
      value_usd: 500000000
      precision: exact-stated
      basis: unspecified
    financing_amount:
      stage: completed
      currency: USD
      display: $20 million
      qualifier: exact
      value_usd: 20000000
    notes: The contemporaneous source described a range in the hundreds of millions up to half a billion and did not distinguish pre-money from post-money.
    event_id: series-b-20-million-round
    source_ids:
      - source-c8d385ed972041177ac8
  - id: valuation-2012-02-series-a
    effective_date: 2012-02-09
    date_precision: day
    title: Reported Series A terms value Stripe at about $100 million
    mechanism: primary-financing
    status: reported
    confidence: reported
    valuation:
      currency: USD
      display: ~$100 million
      qualifier: approximate
      value_usd: 100000000
      precision: approximate-stated
      basis: unspecified
    financing_amount:
      stage: reported-terms
      currency: USD
      display: $18 million
      qualifier: exact
      value_usd: 18000000
    notes: The contemporaneous report said the financing had not been finalized; this observation records the reported terms, not a completed transaction.
    event_id: series-a-18-million-round
    source_ids:
      - source-f8ada5ba377789f7909f
  - id: valuation-2011-03-seed
    effective_date: 2011-03-28
    date_precision: day
    title: Early seed financing reportedly values Stripe at about $20 million
    mechanism: seed-financing
    status: reported
    confidence: indicative
    valuation:
      currency: USD
      display: ~$20 million
      qualifier: approximate
      value_usd: 20000000
      precision: approximate-stated
      basis: unspecified
    financing_amount:
      stage: reported-terms
      currency: USD
      display: ~$2 million
      qualifier: approximate
      value_usd: 2000000
    notes: The contemporaneous report described the valuation as heard but unconfirmed.
    event_id: early-seed-financing-2-million
    source_ids:
      - source-b2dd612bb76ab78c5e49