Funding

Stripe records largest VC deal to date this year

Global venture capital investment fell for the sixth consecutive quarter from April to June

Patrick Collison, chief executive officer and co-founder of Stripe, left, and John Collison, president and co-founder of Stripe: The company he co-founded recorded the biggest VC deal in the first half of 2023. Picture: Bloomberg

Stripe’s $6.9 billion fundraise, which was announced in March, was by far the largest venture capital investment so far this year, according to new figures that show a continued decline in VC-backed deals.

The news comes as new figures show global venture capital investment fell for the sixth consecutive quarter in the April to June period.

Stripe, an online payments company founded by Patrick and John Collision in 2010, recorded a sharp decline in its ...