Stripe has hired Cleary Gottlieb Steen & Hamilton as a legal advisor on its public listing, according to a Reuters report. The move represents the $95 billion payments company’s first official step toward its long-awaited initial public offering or direct listing. A spokesperson for Stripe declined to comment. Founded in 2009, San Francisco-based Stripe raised $600 million in March at...
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VC Firm Torch Capital Raises Second $200 Million Fund
Torch Capital, an early-stage venture firm, raised $200 million for its second fund, The Information is first to report. The New York-based firm, which has $400 million in assets under management, has backed startups including investing platform Acorns, real estate company Compass and salad chain Sweetgreen. Its creator economy investments include Kyra, a video content studio that connects...
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