Stripe Inc. has acquired Bridge, a crypto platform, for $1.1 billion in cash and stock. This acquisition is seen as a significant success for venture capital firms in a challenging startup market.

Notable investors, including Sequoia Capital, Ribbit Capital, Bedrock Fund Management, Index Ventures, and Haun Ventures, are expected to see substantial returns from their early investments in Bridge. The deal highlights the potential for rapid returns in the tech sector, even in a post-pandemic slump. It also demonstrates the continued interest and investment in innovative financial technologies, despite challenges in the broader market.