Mercor funding rounds & valuation history
Mercor, the San Francisco company that pays domain experts to train AI models, from its 2024 Series A to the November 2026 Series D, sourced to Mercor’s own announcements and TechCrunch.
Round history
Newest first. Dashed badges and striped rows are not closed transactions. “—” means the source does not disclose the figure or it cannot be computed on the same basis; see the note in each row.
| Date | Status | Round | Amount | Lead / buyer | Valuation | Val. ÷ run-rate | Source |
|---|---|---|---|---|---|---|---|
Closed round |
Series D (incl. employee tender)Mercor: “The round included an employee tender”, so not all $750M is new money for the company. |
$750MIncludes an employee tender; primary/secondary split not disclosed |
No lead namedInvestors: Benchmark, Felicis, Fundomo, Apollo-managed funds, G Squared, General Catalyst, Glade Brook, NVIDIA, Salesforce, Sapphire Ventures, StepStone Group, XTX Ventures, Zoom |
$20BStated by Mercor (“our $750 million Series D valuing Mercor at $20 billion”); pre- or post-money not stated2.00× vs prior closed |
—Not disclosedNo run-rate stated in the announcement |
||
Closed round |
Series CTechCrunch had reported talks at $10B in September 2025, up from an earlier $8B target. |
$350M |
FelicisWith: Benchmark, General Catalyst; new: Robinhood Ventures |
$10BConfirmed by Mercor to TechCrunch (“$350 million at a $10 billion valuation”); basis not stated5.00× vs prior closed |
—Not disclosedNo run-rate stated in the announcement |
||
Closed round |
Series BConfirmed by Mercor to TechCrunch. General Catalyst led a $3.6M seed in 2023 (TechCrunch). |
$100M |
FelicisWith: Benchmark, General Catalyst, DST Global |
$2BTechCrunch, citing The Wall Street Journal (“valuing Mercor at $2 billion”); basis not stated8.00× vs prior closed |
—Not disclosedNo run-rate stated in the announcement |
||
Closed round |
Series AAmount conflict: $30M (Mercor) vs $32M (TechCrunch, Feb 2025); the page uses Mercor’s figure. |
$30MTechCrunch later wrote $32M |
Benchmark (Victor Lazarte, Bill Gurley)With: General Catalyst, Peter Thiel, Jack Dorsey, Adam D’Angelo, Larry Summers and others |
$250MStated by Mercor (“$30 million Series A at a $250M valuation”); basis not stated |
—Not disclosedNo run-rate stated in the announcement |
Valuation at each closed round
Closed rounds with a stated or reported valuation. Talks, tenders and rounds without a valuation are in the table, not the chart.
Sources: Mercor; TechCrunch. US$ billions, linear scale.
Timeline
Each round and share sale, oldest first.
- 19 Sep 2024 · Closed
Series A: $30M at $250M, led by Benchmark (Victor Lazarte, Bill Gurley).
- 20 Feb 2025 · Closed
Series B: $100M at $2B, led by Felicis.
- 27 Oct 2025 · Closed
Series C: $350M at $10B, led by Felicis.
- 10 Nov 2026 · Closed
Series D (incl. employee tender): $750M at $20B.
Cite this dataset
Free to quote with a link back. Copy this citation:
Mercor Funding Rounds & Valuation History. Private Valuation & Funding Round Tracker, GrowthNavigateFunding.net, updated 13 Nov 2026. https://growthnavigatefunding.net/funding/mercor/
Download the data
The same 4 rows as the table: numeric US$ columns, empty cells where a figure is not disclosed, and a source URL for every row.
- File
mercor-rounds.csv(UTF-8, comma-separated)- Stable URL
https://growthnavigatefunding.net/wp-content/uploads/2026/11/mercor-rounds.csv- Columns
id,date,date_precision,status,transaction_type,round,amount_usd_low,amount_usd_high,lead_or_buyer,co_leads,valuation_usd_low,valuation_usd_high,valuation_basis,valuation_to_run_rate_multiple,multiple_bound,multiple_basis,step_up_vs_prior_closed,price_per_share_usd_low,price_per_share_usd_high,shares,source,source_url,other_source_urls,notes,last_updated- Updated
- (IST)
Methodology & status definitions
How each row is labelled and calculated.
Closed round
A primary round announced by the company or confirmed in the press, bringing new money to the company.
Valuation ÷ run-rate
Post-money valuation ÷ the run-rate the company stated in that announcement (GNF calc.). Where the run-rate is “crossed” or “over” a figure, the multiple is shown as “under X×”. No row qualifies here unless shown, so no multiple is invented.
What is not a separate row
The 2023 $3.6M seed (mentioned by TechCrunch; counted in the total only), earlier talks figures, and secondary-market price estimates.
Updates & corrections
This page stays at one address and is updated in place; the “Last updated” date above drives the citation and the dataset metadata. Corrections: hello@growthnavigatefunding.net. Informational only; not investment advice.
Changelog
- : Dataset first compiled (batch 3, not yet published).
Sources
- Mercor: Organizing human intelligence for the entire economy (Series D), 10 Nov 2026
- Mercor (Business Wire): Mercor Raises $750 Million Series D at $20 Billion Valuation…, 10 Nov 2026
- TechCrunch: Mercor quintuples valuation to $10B with $350M Series C, 27 Oct 2025
- TechCrunch: Mercor, an AI recruiting startup founded by 21-year-olds, raises $100M at $2B valuation, 20 Feb 2025
- Mercor (PR Newswire): Mercor Raises $30M Series A at a $250M Valuation to Create Jobs with AI, 19 Sep 2024