Marqeta was founded in 2010 by Jason Gardner. According to a July 2020 report by Reuters, the company has begun talking to investment banks about a potential initial public offering. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Marqeta is a global card issuing platform, providing infrastructure and tools for building configurable payment cards. The company has raised approximately $525 million in Venture Capital funding from investors including Coatue Management, Glean Capital, Spark Capital, Goldman Sachs, ICONIQ Capital, CreditEase, Commerce Ventures, 83North, and Granite Ventures. It has been widely reported that Marqeta last raised $150 million in May 2020 at a post-money valuation of $4.3 billion.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
05/21/2019 | Series E | $260.01MM | $xx.xx | $1.89B | Coatue Management, CommerzVentures, Visa Ventures, Vitruvian Partners, IA Capital Group, CreditEase, Granite Ventures, Commerce Ventures, 83North, Spark Capital, Goldman Sachs Investment Partners, Geodesic Capital, Lone Pine Capital, ICONIQ Capital | |
Price per Share
$xx.xx
Shares Outstanding
66,824,303
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Coatue Management, CommerzVentures, Visa Ventures, Vitruvian Partners, IA Capital Group, CreditEase, Granite Ventures, Commerce Ventures, 83North, Spark Capital, Goldman Sachs Investment Partners, Geodesic Capital, Lone Pine Capital, ICONIQ Capital
|
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03/21/2018 | Series D-1 | $40MM | $xx.xx | $527.04MM | Undisclosed investors | |
Price per Share
$xx.xx
Shares Outstanding
33,185,680
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed investors
|
||||||
07/26/2017 | Series D | $34.63MM | $xx.xx | $510.12MM | Visa, Commerce Ventures, 83North, Granite Ventures, IA Capital Group, CommerzVentures, CreditEase, Goldman Sachs, Max Levchin, SharesPost, Black River Ventures | |
Price per Share
$xx.xx
Shares Outstanding
28,734,078
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Visa, Commerce Ventures, 83North, Granite Ventures, IA Capital Group, CommerzVentures, CreditEase, Goldman Sachs, Max Levchin, SharesPost, Black River Ventures
|
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04/27/2015 | Series C | $21.91MM | $xx.xx | $147.03MM | IA Capital Group, CommerzVentures, 83North, Granite Ventures, Commerce Ventures | |
Price per Share
$xx.xx
Shares Outstanding
62,114,648
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
IA Capital Group, CommerzVentures, 83North, Granite Ventures, Commerce Ventures
|
||||||
03/04/2013 | Series B | $17.21MM | $xx.xx | $102.33MM | 83North, Granite Ventures, Commerce Ventures, LionBird | |
Price per Share
$xx.xx
Shares Outstanding
58,408,050
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
83North, Granite Ventures, Commerce Ventures, LionBird
|
||||||
06/01/2011 | Series A | $5.01MM | $xx.xx | $17.11MM | 83North, Granite Ventures | |
Price per Share
$xx.xx
Shares Outstanding
87,780,429
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
83North, Granite Ventures
|