Business & Finance
Stripe acquires startup legal platform Clerky
Clerky will continue operating under its current team as part of Stripe following the acquisition agreement.
The short version
- Online legal platform Clerky has agreed to be acquired by payment processing company Stripe.
- Clerky will maintain its existing team and continue focusing on tools for startup formation and routine legal documentation.
- The platform accounts for 23% of Silicon Valley seed and pre-seed financings, with its users having raised more than $140 billion in venture funding.
Key facts
- Clerky agreed to be acquired by Stripe.[Hacker News]
- Clerky plans to maintain its existing product focus, management team, and customer service operations under Stripe.[Hacker News]
- Clerky states that its users account for 23% of all Silicon Valley seed and pre-seed financings and have raised over $140 billion in total venture funding.[Hacker News]
- Startup formations on Clerky grew 6.5 times faster over the past year compared to its historic average.[Hacker News]
What remains uncertain
- Financial terms and the expected closing date of the acquisition were not disclosed.[Hacker News]
Sources
- Stripe acquires ClerkyHacker News