Mercury funding rounds & valuation history
Mercury, the San Francisco banking-software company for startups and small businesses, from its seed and 2019 Series A to the 2026 Series D, sourced to Mercury’s own announcements, TechCrunch, VentureBeat and CNBC.
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 DCNBC: a 49% jump over the Series C valuation. |
$200M |
TCVWith: Sequoia Capital, Andreessen Horowitz, Coatue (existing) |
$5.2BStated by Mercury (“$200M Series D at a $5.2B valuation”); basis not stated1.49× vs prior closed |
—Not disclosedNo run-rate stated in the announcement |
||
Closed round |
Series C (primary and secondary)Mercury declined to say how much was primary. TechCrunch: total primary and secondary funding $500M after this round. |
$300MPrimary and secondary; split not disclosed |
Sequoia CapitalWith: Coatue, Andreessen Horowitz, CRV, Marathon and others |
$3.5BPost-money, confirmed by Mercury to TechCrunch (“a $3.5 billion post-money valuation”)2.16× vs prior closed |
—Not disclosedNo run-rate stated in the announcement |
||
Closed round |
Series BMercury also opened part of the round to customers (“you can join the round”). Step-up vs the Series A’s reported $100M post-money (GNF calc.). |
$120M |
CoatueWith: Andreessen Horowitz, CRV, Sapphire Ventures; angels incl. Dylan Field |
$1.62BStated by Mercury (“at a $1.62b valuation”); TechCrunch calls it post-money16.20× vs prior closed |
—Not disclosedNo run-rate stated in the announcement |
||
Closed round |
Series AMercury: “$20 million in Series A funding … led by CRV”. The valuation is TechCrunch’s reporting, not a company statement. |
$20M |
CRVWith: Andreessen Horowitz (seed lead); Dreamers Fund, Thirty Five Ventures, Serena Ventures and others |
$100MPost-money, reported by TechCrunch (“a post-money valuation now of $100 million”); not stated by Mercury |
—Not disclosedNo run-rate stated in the announcement |
||
Closed round |
SeedVentureBeat (Apr 2019): “raised a seed round of $6 million from Andreessen Horowitz in August 2017”; announced at the April 2019 launch. TechCrunch calls it the a16z-led $6 million seed. |
$6M |
Andreessen Horowitz |
—Not disclosedNo valuation disclosed |
—Not disclosedNo run-rate stated in the announcement |
Valuation at each closed round
Closed rounds with a stated or reported valuation. Talks, tenders and rounds without a valuation are in the table, not the chart.
Sources: Mercury; CNBC; TechCrunch; VentureBeat. US$ billions, linear scale.
Timeline
Each round and share sale, oldest first.
- Aug 2017 · Closed
Seed: $6M, led by Andreessen Horowitz.
- 26 Sep 2019 · Closed
Series A: $20M at $100M, led by CRV.
- 28 Jul 2021 · Closed
Series B: $120M at $1.62B, led by Coatue.
- 26 Mar 2025 · Closed
Series C (primary and secondary): $300M at $3.5B, led by Sequoia Capital.
- 20 May 2026 · Closed
Series D: $200M at $5.2B, led by TCV.
Cite this dataset
Free to quote with a link back. Copy this citation:
Mercury Funding Rounds & Valuation History. Private Valuation & Funding Round Tracker, GrowthNavigateFunding.net, updated 13 Nov 2026. https://growthnavigatefunding.net/funding/mercury/
Download the data
The same 5 rows as the table: numeric US$ columns, empty cells where a figure is not disclosed, and a source URL for every row.
- File
mercury-rounds.csv(UTF-8, comma-separated)- Stable URL
https://growthnavigatefunding.net/wp-content/uploads/2026/11/mercury-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
Customer and angel allocations reported only in totals, bank-charter applications, 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
- Mercury: Announcing Mercury’s Series D, 20 May 2026
- CNBC: Fintech firm Mercury hits $5.2 billion valuation after funding round, 20 May 2026
- TechCrunch: Fintech Mercury lands $300M in Sequoia-led Series C, doubles valuation to $3.5B, 26 Mar 2025
- Mercury (Business Wire): Mercury Announces $300 Million Series C Round at $3.5 Billion Valuation, 26 Mar 2025
- Mercury: We raised a $120m Series B, and you can join the round, 28 Jul 2021
- Mercury: Mercury received $20m in Series A funding led by CRV, 26 Sep 2019
- TechCrunch: Mercury banks $20M for its banking service aimed at startups, 26 Sep 2019
- VentureBeat: Mercury opens bank for startups with funding from Andreessen Horowitz, 17 Apr 2019