acquisitionsAgreement announced; completion not reported
Stripe agrees to acquire OpenRouter
Stripe announced an agreement to acquire OpenRouter, an AI model gateway that routes requests across more than 400 models from more than 80 providers. Official terms were not disclosed. OpenRouter said the transaction remained subject to customary closing conditions and was expected to close in the coming weeks. A same-day investor letter, posted by Eric Newcomer on X and verified by TechCrunch, told investors that OpenRouter would join as Stripe's largest-ever acquisition.
- amount
- About $7.5 billion (reported; official terms undisclosed)
- H1 net revenue growth
- 41% Y/Y
- H1 free cash flow growth
- 43% Y/Y
- Products above $100M net revenue
- 10+ · By year-end 2026
- H1 Billing growth
- 71% Y/Y
- Atlas businesses incorporated
- 100,000th · Over a quarter of Delaware incorporations
- Capital active loans
- 100,000+ · Up 49% Y/Y
- Link users
- 300 million
- Share-price compounding since Series D
- 31% · Versus 14% for the S&P 500 and 18% for the Nasdaq over the same period
- Official terms
- Not disclosed
- Reported price
- About $7.5 billion (New York Times, as cited by TechCrunch)
- Closing
- Subject to customary closing conditions; expected in the coming weeks
- Investor letter
- Described OpenRouter as Stripe's largest-ever acquisition