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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

Updated 1 hour ago - World

Up to 17 U.S. missionaries kidnapped in Haiti

Haitian soldiers guard the public prosecutor's office in Port-au-Prince this month. Photo: Richard Pierrin/AFP via Getty Images

Children were among up to 17 American Christian missionaries and their relatives kidnapped by a gang in Haiti on Saturday, the New York Times first reported.

The latest: Haitian police inspector Frantz Champagne identified the 400 Mawozo gang as the group responsible, in a statement to AP.

Hollywood union reaches deal with studios to avert strike

Photo: AaronP/Bauer-Griffin/GC Images

A Hollywood workers' union reached a tentative deal with studios, networks and streamers that will guarantee better working conditions, meal breaks and increased wages for low-paid workers, the International Alliance of Theatrical Stage Employees (IATSE) announced Saturday night.

Why it matters: The deal, which still needs to be ratified by IATSE members, will avert a nationwide strike by film and television workers that was set to start Monday. It would have been the first strike in the union's 128-year history.

Bill Clinton released from hospital following treatment for non-COVID infection

Photo: Tasos Katopodis/Getty Images/Bloomberg via Getty Images

Former President Bill Clinton was discharged from the University of California, Irvine Medical Center on Sunday, nearly a week after he was admitted for a non-COVID-related infection, according to his spokesperson Angel Ureña.

What they're saying: "His fever and white blood cell count are normalized and he will return home to New York to finish his course of antibiotics," wrote Dr. Alpesh Amin, who has been overseeing the team of doctors treating Clinton. "On behalf of everyone at UC Irvine Medical Center, we were honored to have treated him and will continue to monitor his progress."

Worth noting: Clinton had a urinary tract infection that spread to his bloodstream, per CNN.

  • The California-based medical team had been administering IV antibiotics and fluids, and was in constant communication with Clinton's New York team, including his cardiologist, according to the former president's physicians.
  • President Biden spoke by phone with Clinton on Friday to see how he was doing, and the catch-up included a discussion of recent politics.