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Illustration: Lazaro Gamio/Axios

Have you met the minotaurs? A minotaur — the term was coined by Axios editor-in-chief Nick Johnston — is a venture-backed company that has raised more than $1 billion in equity capital.

Details: We've found 55 of them, of whom 25 are American and 3 are in financial services. The biggest minotaur, by far, is Ant Financial, the Alibaba-backed financial-services giant. It owns Alipay, the enormous mobile payments service; it also owns the world's largest money-market fund.

  • Paytm can be thought of as the Indian version of Ant Financial; it has raised $3.6 billion in equity capital.
  • SoFi, in the US, has raised $1.9 billion, and is branching out rapidly from its core business of refinancing student loans. Its most recent valuation was $4.4 billion.

Stripe, a near minotaur, is also American, although it was started by two Irish brothers. It powers a broad range of online and mobile payments, and was most recently valued at $22.5 billion.

Stripe is worth less than Square, another payments company that went public in 2015 at a valuation of $2.9 billion.

  • Today, Square is worth more than $31 billion, after having raised a total of $778 million in equity capital, per PitchBook. That's $547 million before the IPO, and then another $243 million when it went public, most of which was primary issuance.
  • Stripe has raised around $800 million in private capital. It's not clear how those investors will be able to cash out: Stripe still says it has "no plans" to go public.

Go deeper: Meet the startups that have raised more than $1 billion

Editor's note: this story has been corrected to show that Stripe has about $800 million in equity financing, not $1.05 billion.

Go deeper

Scoop: Google won't donate to members of Congress who voted against election results

Sen. Ted Cruz led the group of Republicans who opposed certifying the results. Photo: Stefani Reynolds/Pool/AFP via Getty Images

Google will not make contributions from its political action committee this cycle to any member of Congress who voted against certifying the results of the presidential election, following the deadly Capitol riot.

Why it matters: Several major businesses paused or pulled political donations following the events of Jan. 6, when pro-Trump rioters, riled up by former President Trump, stormed the Capitol on the day it was to certify the election results.

2 hours ago - Politics & Policy

Minority Mitch still setting Senate agenda

Illustration: Aïda Amer/Axios

Chuck Schumer may be majority leader, yet in many ways, Mitch McConnell is still running the Senate show — and his counterpart is about done with it.

Why it matters: McConnell rolled over Democrats unapologetically, and kept tight control over his fellow Republicans, while in the majority. But he's showing equal skill as minority leader, using political jiujitsu to convert a perceived weakness into strength.