Gunderson Dettmer Represented Privy in its Acquisition by Stripe
Gunderson Dettmer represented client Privy, a cryptocurrency wallet provider, in its acquisition by Stripe, a leading financial infrastructure platform that processes payments for online businesses. Stripe’s acquisition of Privy reflects a shared vision to bridge the gap between crypto and traditional finance, making digital ownership and value transfer frictionless for users and developers alike. Privy will continue to operate as an independent product while gaining access to Stripe’s resources and global reach, accelerating innovation and enhancing capabilities for both Stripe and Privy customers.
The acquisition enables Privy to serve its existing customers with greater resources and support developers in transforming how value flows through the internet.
In the announcement of the acquisition, Privy co-founders Henri Stern and Asta Li said, “Like us, Stripe believes in the power of bringing crypto and fiat closer together, marrying these systems so deeply that the distinction becomes almost meaningless. Joining Stripe will accelerate our work to shape this future and provide new capabilities to Stripe and Privy customers alike.”
The Gunderson deal team was led by corporate and M&A partners Andy Bradley , John Olson and Jennifer Sayles Okorn and included corporate and M&A associates Travis Glock, Bailey McQuain and Elizabeth Jongeward, strategic transactions and licensing partners Katie Gardner and Ben Cukerbaum, and included strategic transactions and licensing associates, Christina Chen and Paroma Mallick, data privacy associate Cecilia Jeong, executive compensation partner Michael Richman and associates Erik Ward and Sofia Rattes, tax partner Lily Kim, and included tax associate Tina Xu, employment and labor of counsel Jeff Salomon and regulatory partner Greg Kinzelman.