Mercury Overview
- Year Founded
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2017
- Status
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Private
- Employees
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800
- Latest Deal Type
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Series C
- Latest Deal Amount
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$300M
- Investors
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108
Mercury General Information
Description
Operator of a financial technology company intended to serve as a banking stack for startups. The company offers banking accounts, virtual and physical debit cards, currency exchange, and domestic and international wires, enabling clients to have a practical financial stack, real-time information on business finances, and tools to improve operational efficiency.
Contact Information
Website
www.mercury.comCorporate Office
- 660 Mission Street
- Floor 4
- San Francisco, CA 94105
- United States
Corporate Office
- 660 Mission Street
- Floor 4
- San Francisco, CA 94105
- United States
Mercury Timeline
Mercury Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 8. Later Stage VC (Series C) | 26-Mar-2025 | $300M | Completed | Generating Revenue | ||
| 7. General Corporate Purpose | 08-Oct-2024 | Completed | Generating Revenue | |||
| 6. Later Stage VC (Series B) | 30-Sep-2024 | Completed | Generating Revenue | |||
| 5. Secondary Transaction - Private | 01-Nov-2023 | Completed | Generating Revenue | |||
| 4. Early Stage VC (Series B) | 03-Jul-2021 | Completed | Generating Revenue | |||
| 3. Early Stage VC (Series B) | 01-Jan-2021 | Completed | Generating Revenue | |||
| 2. Early Stage VC (Series A) | 05-Nov-2019 | $21.3M | $27.3M | Completed | Generating Revenue | |
| 1. Seed Round | 19-Jan-2018 | $6M | $6M | Completed | Generating Revenue |
Mercury Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series B | ||||||||
| Series B-2 | ||||||||
| Series B-1 | ||||||||
| Series A-5 | ||||||||
| Series A-4 | ||||||||
| Series A-3 | ||||||||
| Series A-2 | ||||||||
| Series A-1 | ||||||||
| Seed-2 | 20,039 | $0.000100 | 6% | $1.5 | $1.5 | 1x | $1.5 | 0.1% |
| Seed-1 | 145,740 | $0.000100 | 6% | $1.37 | $1.37 | 1x | $1.37 | 0.7% |
VC Exit Predictor
See how our proprietary methodology utilizes historical data sets to synthesize the likelihood of an acquisition, IPO, or no exit event. Get a detailed look at the calculations behind our predictions.
Opportunity Score
Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.
Exit Type
Evaluates the likelihood of a successful exit for investors, and the most likely exit type.
Mercury Comparisons
Industry
Financing
Details
Mercury Competitors (62)
One of Mercury’s 62 competitors is Varo, a Venture Capital-Backed company based in San Francisco, CA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Varo | Venture Capital-Backed | San Francisco, CA | ||||
| Novo | Venture Capital-Backed | Miami, FL | ||||
| N26 | Venture Capital-Backed | Berlin, Germany | ||||
| Moven | Venture Capital-Backed | Fort Lauderdale, FL | ||||
| Backbase | Private Equity-Backed | Amsterdam, Netherlands |
Mercury Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
News about Mercury
Dive into recent articles by PitchBook offering invaluable insights and context.
Mercury Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Mercury Investors (108)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| CapitalX | Venture Capital | Minority | ||
| Marathon Management Partners | Venture Capital | Minority | ||
| YOBE Ventures | Venture Capital | Minority | ||
| Bossa Invest | Venture Capital | Minority | ||
| Builders + Backers | Venture Capital | Minority |
Mercury Investments & Acquisitions (13)
Mercury’s most recent deal was a Merger/Acquisition with Teal (Financial Services). The deal was made on 06-Sep-2024.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Teal (Financial Services) | 06-Sep-2024 | Merger/Acquisition | Other Financial Services | ||
| Proof of Play | 21-Sep-2023 | Seed Round | Entertainment Software | ||
| Mica | 01-Apr-2023 | Seed Round | Business/Productivity Software | ||
| inkle | 06-Feb-2023 | Seed Round | Other Financial Services | ||
| Gigmile | 05-Oct-2022 | Accelerator/Incubator | Financial Software |
Mercury Affiliates
Subsidiaries (1)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| Teal (Financial Services) | Vancouver, Canada | 2023 |
Mercury FAQs
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When was Mercury founded?
Mercury was founded in 2017.
-
Where is Mercury headquartered?
Mercury is headquartered in San Francisco, CA.
-
What is the size of Mercury?
Mercury has 800 total employees.
-
What industry is Mercury in?
Mercury’s primary industry is Financial Software.
-
Is Mercury a private or public company?
Mercury is a Private company.
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What is the current valuation of Mercury?
The current valuation of Mercury is .
-
What is Mercury’s current revenue?
The current revenue for Mercury is .
-
How much funding has Mercury raised over time?
Mercury has raised $467M.
-
Who are Mercury’s investors?
CapitalX, Marathon Management Partners, YOBE Ventures, Bossa Invest, and Builders + Backers are 5 of 108 investors who have invested in Mercury.
-
Who are Mercury’s competitors?
Varo, Novo, N26, Moven, and Backbase are some of the 62 competitors of Mercury.
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