Mercury was founded in 2017 by Immad Akhund, Jason Zhang, and Maximilian Tagher. The company has not publicly endorsed plans to participate in an IPO.
Mercury is a banking platform built for startups. While the company is not a bank itself, Mercury's platform gives business the tools to manage their finances from a single stack. Mercury offers cashflow analytics, visual dashboards, payment processing, and in 2022 announced plans to offer venture debt to early-stage startups. Mercury has raised more than $150 million in venture capital funding from investors including Andreessen Horowitz, CRV, Sapphire Ventures, L2 Ventures, SV Angel, and Serena Ventures. In 2021, the company announced that it had raised $120 million in fresh capital at a $1.62 billion valuation.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
07/03/2021 | Series B | $162.53MM | $xx.xx | $1.61B | Coatue Management | |
Price per Share
$xx.xx
Shares Outstanding
2,115,652
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Coatue Management
|
||||||
01/31/2021 | Series B-2 | $149,997 | $xx.xx | $669.4MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
3,905
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
||||||
01/31/2021 | Series B-1 | $19.28MM | $xx.xx | $669.4MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
1,455,876
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
||||||
09/26/2019 | Series A-5 | $719,987 | $xx.xx | $95.65MM | CRV, Andreessen Horowitz, Kevin Hartz, Scott Belsky, Ryan Petersen, Kevin Durant, Andre Iguodala | |
Price per Share
$xx.xx
Shares Outstanding
345,593
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
CRV, Andreessen Horowitz, Kevin Hartz, Scott Belsky, Ryan Petersen, Kevin Durant, Andre Iguodala
|
||||||
09/26/2019 | Series A-4 | $99,998 | $xx.xx | $95.65MM | CRV, Andreessen Horowitz, Kevin Hartz, Scott Belsky, Ryan Petersen, Kevin Durant, Andre Iguodala | |
Price per Share
$xx.xx
Shares Outstanding
40,499
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
CRV, Andreessen Horowitz, Kevin Hartz, Scott Belsky, Ryan Petersen, Kevin Durant, Andre Iguodala
|
||||||
09/26/2019 | Series A-3 | $344,991 | $xx.xx | $95.65MM | CRV, Andreessen Horowitz, Kevin Hartz, Scott Belsky, Ryan Petersen, Kevin Durant, Andre Iguodala | |
Price per Share
$xx.xx
Shares Outstanding
72,458
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
CRV, Andreessen Horowitz, Kevin Hartz, Scott Belsky, Ryan Petersen, Kevin Durant, Andre Iguodala
|
||||||
09/26/2019 | Series A-2 | $124,981 | $xx.xx | $95.65MM | CRV, Andreessen Horowitz, Kevin Hartz, Scott Belsky, Ryan Petersen, Kevin Durant, Andre Iguodala | |
Price per Share
$xx.xx
Shares Outstanding
23,333
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
CRV, Andreessen Horowitz, Kevin Hartz, Scott Belsky, Ryan Petersen, Kevin Durant, Andre Iguodala
|
||||||
09/26/2019 | Series A-1 | $21MM | $xx.xx | $95.65MM | CRV, Andreessen Horowitz, Kevin Hartz, Scott Belsky, Ryan Petersen, Kevin Durant, Andre Iguodala | |
Price per Share
$xx.xx
Shares Outstanding
3,528,385
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
CRV, Andreessen Horowitz, Kevin Hartz, Scott Belsky, Ryan Petersen, Kevin Durant, Andre Iguodala
|
||||||
10/04/2017 | Series Seed-2 | $29,999 | $xx.xx | $14.93MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
20,039
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
||||||
10/04/2017 | Series Seed-1 | $199,999 | $xx.xx | $14.93MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
145,740
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
||||||
10/04/2017 | Series Seed | $4.7MM | $xx.xx | $14.93MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
2,612,442
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|