Insiders: Sequoia Capital may profit over $100 million from the acquisition of Bridge from Stripe

ChainCatcher news reports that sources reveal venture capital firms will profit hundreds of millions of dollars from Stripe Inc.'s acquisition of the crypto platform Bridge for $1.1 billion in cash and stock.

Institutions including Sequoia Capital, Ribbit Capital, Bedrock Fund Management, Index Ventures, and Haun Ventures have seen multiple returns on their investments in this startup. When Stripe agreed to acquire Bridge, it had been established for less than three years.

Among them, Sequoia Capital holds a 16% stake in Bridge, potentially profiting over $100 million. It is reported that Sequoia Capital invested $19 million in Bridge's Series A funding round last year.

Ribbit holds about 10% of Bridge, valued at approximately $100 million, while Bedrock and Index Ventures each hold about 6%, and Haun Ventures holds 4%. (Bloomberg)