Mercury Raises $300 Million In Series C Funding Led By Sequoia Capital

Mercury, a digital banking startup founded in 2017 by CEO Immad Akhund, raised $300 million in Series C funding led by Sequoia, doubling its valuation to $3.5 billion. The round included participation from Coatue, CRV, Andreessen Horowitz, Spark Capital, and Marathon, bringing Mercury’s total funding to $500 million. Mercury, which serves over 200,000 companies and generated $500 million in revenue in 2024, plans to use the new capital for acquisitions and hiring. The company has seen 10 consecutive quarters of profitability and plans to expand into consumer banking later this year.

INVESTORS: Spark Capital, Sequoia Capital, Marathon Management Partners, CRV, Coatue & Andreessen Horowitz

ROUND: Series C AMOUNT: $300,000,000 VALUATION: $3,500,000,000

HQ: #SanFrancisco #California

#VentureCapital #Mercury #ImmadAkhund #SparkCapital #SequoiaCapital #MarathonManagementPartners #CRV #Coatue #AndreessenHorowitz #TradedVC