Company Structure & Capital
- Corporate Entity: Stake operates under Medium Rare N.V., a privately held company based in Curaçao. It was founded in 2017 by Ed Craven, Bijan Tehrani, and Matt Leibowitz, and is helmed by CEO Mladen Vučković .
- Funding Status: According to Tracxn (a platform tracking company funding), Stake is fully unfunded, with zero external funding rounds or investor capital injections.
- This suggests that its working or starting capital has likely come from founders’ equity contributions or reinvestment of profits, not from outside investors.
Financial Scale & Growth
While there’s no official figure detailing initial or authorized capital, we can infer the company’s scale based on operational data:
- Revenue – Stake reported approximately US $2.6 billion in revenue for 2022, a figure that grew substantially from $100 million in 2020, indicating explosive expansion .
- Profit – Australian news sources noted over US $1 billion in net profit in 2024 , underscoring its strong financial position.
Authorized Capital: Not Disclosed Publicly
- Stake, as a privately held company, is not obligated to publish its share capital, equity breakdown, or balance sheet, which means we lack access to formal figures like:
- Authorized share capital (the maximum value of shares the company can issue).
- Paid-up capital (the actual capital paid for issued shares).
- Issued & outstanding shares.
- Without fundraising rounds or public disclosures, standard financial metrics of capital are not publicly available.
What the Absence of External Funding Means
- The fact that Stake remains unfunded by external investors indicates:
- Founders retained full ownership, meaning no dilution of equity.
- Profit-driven funding, where operational income has likely financed growth, infrastructure, regulatory efforts, and sponsorships.
- Implies a lean capital structure, possibly financed through internal cash flows or private founder investment.
Conclusion
- Stake.com / Medium Rare N.V. has never raised funds externally—it’s wholly self-funded via founders’ equity and retained earnings .
- Because it is a private company, there’s no public disclosure of authorized or subscribed capital.
- What we can confirm is the absence of public capital figures, along with its massive revenue (~$2.6 billion in 2022) and profit (> $1 billion in 2024) .