Mercury acquired $120 million in fresh fundraising at a $1.62 billion value. Coatue took the lead in the round, and Andreessen Horowitz, CRV, and Sapphire Ventures also invested.
Investors that made contributions included Akshay Kothari, Jack Altman, Dylan Field, CEO of Front, Hunter Walk, CEO of Figma, Mathilde Collins, CEO of Lattice, COO of Notion, and Satya Patel, Partners at Homebrew, and Elizabeth Yin, Partner at Hustle Fund. As Mercury acquires traction, they want the clients who have been with us from the start to share in our success. In order to allow you to participate in the round, Mercury has reserved a $5 million allotment in our Series B.
How to participate in the forthcoming Series B financing round?
- Through the crowdfunding website Wefunder, you may participate in the round.
- By going to our Wefunder page and creating a profile with the email address connected to your Mercury account, you may raise money.
- You may make a commitment to invest just $100 USD.
- Finally, you will have the opportunity to confirm your interest and make an investment with just one click when the Wefunder campaign ends.
Since Mercury 2019 started, they have expanded quickly: Mercury has more than 40,000 companies (including Lunchclub, Mighty, and Linear) and $4 billion or more in consumer deposits. In addition to this, they have clients from more than 200 different nations. 150 people work with them across 14 cities (up from 35 employees this time last year).
According to Mercury, their goal is to transform banking into something like enchantment remains our exclusive emphasis. So they will continue to develop tools that help you scale using the additional financing they have received. Together, they aim to create something genuinely amazing for charity, e-commerce, investors, creators, and businesses.