OfferUp, the Craigslist competitor, announced on Wednesday that it has raised $120 million and acquired a rival marketplace called letgo. Nick Huzar, the company’s CEO, said in a blog post that the coronavirus pandemic “is affecting all of us” and that the funding “helps us to continue to innovate and grow, in spite of these challenging times, and continue to deliver on that promise.” The...
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Stripe in Talks to Raise Up to $3 Billion From Current Investors
Less than a week after telling employees that it would evaluate a public offering over the next year, payments giant Stripe is moving quickly on a deal to raise as much as $3 billion from its existing investors. The talks, which have heated up in recent days, are likely to value the company at between $55 billion and $60 billion, according to one person involved in the potential deal....
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