Sequoia led Mercury’s $300 million Series C investment round. The company’s investment round included Coatue, CRV, Andreessen Horowitz, Spark Capital and Marathon.
Fintech startup Mercury received $300 million in investment at a valuation of $3.5 billion. Sequoia led the company’s $ 300 million C series investment round. US-based Mercury’s investment round included Coatue, CRV, Andreessen Horowitz, Spark Capital and Marathon.
Founded in 2017, the company’s total investment amount reached $500 million. Mercury announced that it will use the new investment to make acquisitions, increase the number of employees, launch its retail banking product and improve its existing products.
Mercury was started by Max Tagher, Jason Zhang and Immad Akhund. The company provides business accounts, payment processing, credit cards and financial management tools for small businesses and technology companies.
