- Payments giant Stripe buys Bridge for $1.1 billion - Bridge is developing a crypto payment platform - Stripe will pay for Bridge in cash and its own shares - This is a rare victory for funds in the crypto startup market - The funds will recoup their investment in Bridge many times over - Among them: Sequoia, Index Ventures, Bedrock, Ribbit, etc. - It's also an unusually quick return for them - Bridge will be less than 3 years old at the time of the Stripe deal - The leader among the funds was Sequoia, with a stake of about 16% - It invested $19 million, will get well over $100 million - Ribbit owns 10%, which is about $100 million - Berdorck and Index own about 6% each - Haun Ventures holds about 4%