Fintech Startup Mercury Raises $200 Million at $5.2 Billion Valuation, Up 49% in 14 Months
Fintech startup Mercury raised $200 million in a Series D funding round that valued the company at $5.2 billion, up 49% from its last round 14 months ago. TCV led the financing, with a16z, Sequoia, Coatue, CRV, Sapphire and Spark Capital participating.
Mercury has more than 300,000 customers, including one-third of early-stage U.S. startups, along with $650 million in annualized revenue and four straight years of profitability. The company has also received conditional OCC approval to become a federally regulated national bank, with the charter potentially finalized as early as 2027, and is launching Mercury Command, a way to complete financial work end-to-end with AI.
From the sources (6 posts)
@cnbcFintech firm Mercury hits $5.2 billion valuation after funding round, up 49% in 14 months
@stockmktnewzFINTECH STARTUP MERCURY JUST RAISED $200M AT A $5.2 BILLION VALUATION - CNBC
@wallstengineFintech startup Mercury raised $200M at a $5.2B valuation, up 49% from its last round 14 months ago. The company has 300K+ customers, including one-third of early-stage U.S. startups, $650M in annualized revenue and four straight years of
@exec_sumBREAKING: Mercury hits a $5.2B valuation in a new funding round, up +49% in 14 months With over 300,000 customers, Mercury received conditional OCC approval to become a federally regulated national bank and the charter could be finalized a
@mtsliveSITUATION DETECTED: Mercury has raised $200M at a $5.2B valuation in a Series D led by TCV, with participation from a16z, Sequoia, Coatue, CRV, Sapphire, and Spark Capital.
@pitdesiMercury: raised $200M at $5.2B post. profitable for 4 years, hit $650M in revenue in Q3 last year, growing faster than ever Launching Mercury Command, a way to complete financial work end-to-end with AI. 🔥