Mercury valuation, funding and investors
Mercury works in business banking services, based in San Francisco, United States. Founded in 2017, it has about 1,790 employees.
- Last round
- Series D · $200M · May 2026
- Valuation at last round
- $5.20B
- Headcount
- 1,785 · growing
- Grade
- A
- Founded
- 2017
Mercury valuation today
VCMC values Mercury at $5.9B today, with a range of $4.5B to $7.9B and a grade of A. The valuation starts from its last funding round, a Series D round in May 2026.
Valuation by date (123 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2017 | $8.37M | $3.05M – $23.0M | $11.5M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2017 | $8.60M | $3.13M – $23.6M | $11.8M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2017 | $8.81M | $3.21M – $24.2M | $12.1M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2017 | $9.05M | $3.29M – $24.9M | $12.4M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2017 | $9.29M | $3.38M – $25.5M | $12.7M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2017 | $9.54M | $3.47M – $26.2M | $13.1M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2017 | $9.79M | $3.56M – $26.9M | $13.4M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2017 | $10.1M | $3.66M – $27.6M | $13.8M (+37%) | before first round | – | unknown | D | 0% |
| 1 Sep 2017 | $10.3M | $3.76M – $28.4M | $14.2M (+37%) | before first round | – | unknown | D | 0% |
| 1 Oct 2017 | $10.6M | $3.86M – $29.1M | $14.5M (+37%) | before first round | – | unknown | D | 0% |
| 1 Nov 2017 | $10.9M | $3.96M – $29.9M | $14.9M (+37%) | before first round | – | unknown | D | 0% |
| 1 Dec 2017 | $11.2M | $4.07M – $30.7M | $15.3M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jan 2018 | $11.5M | $4.18M – $31.5M | $15.7M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2018 | $11.8M | $4.29M – $32.4M | $16.2M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2018 | $12.1M | $4.40M – $33.2M | $16.6M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2018 | $12.4M | $4.52M – $34.1M | $17.0M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2018 | $12.7M | $4.64M – $35.0M | $17.5M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2018 | $13.1M | $4.76M – $35.9M | $17.9M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2018 | $13.4M | $4.89M – $36.9M | $18.4M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2018 | $13.8M | $5.02M – $37.9M | $18.6M (+35%) | before first round | – | unknown | D | 0% |
| 1 Sep 2018 | $14.2M | $5.15M – $38.9M | $18.8M (+32%) | before first round | – | unknown | D | 0% |
| 1 Oct 2018 | $14.5M | $5.29M – $39.9M | $18.9M (+30%) | before first round | – | unknown | D | 0% |
| 1 Nov 2018 | $14.9M | $5.43M – $41.0M | $19.1M (+28%) | before first round | – | unknown | D | 0% |
| 1 Dec 2018 | $15.3M | $5.58M – $42.1M | $19.3M (+26%) | before first round | – | unknown | D | 0% |
| 1 Jan 2019 | $15.7M | $5.73M – $43.2M | $19.4M (+24%) | before first round | – | unknown | D | 0% |
| 1 Feb 2019 | $16.2M | $5.88M – $44.4M | $19.6M (+21%) | before first round | – | unknown | D | 0% |
| 1 Mar 2019 | $16.6M | $6.03M – $45.5M | $19.8M (+19%) | before first round | – | unknown | D | 0% |
| 1 Apr 2019 | $17.0M | $6.19M – $46.7M | $20.0M (+17%) | before first round | – | unknown | D | 0% |
| 1 May 2019 | $17.5M | $6.35M – $47.9M | $20.1M (+15%) | before first round | – | unknown | D | 0% |
| 1 Jun 2019 | $17.9M | $6.53M – $49.3M | $20.3M (+13%) | before first round | – | unknown | D | 0% |
| 1 Jul 2019 | $18.4M | $6.70M – $50.5M | $20.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2019 | $18.6M | $6.77M – $51.1M | $20.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2019 | $18.8M | $6.83M – $51.5M | $20.9M (+11%) | before first round | – | unknown | D | 0% |
| 26 Sep 2019 | $111M | $73.0M – $304M | $200M (+80%) | after a round | – | unknown | C | 0% |
| 1 Oct 2019 | $112M | $73.0M – $304M | $200M (+78%) | after a round | – | unknown | C | 0% |
| 1 Nov 2019 | $118M | $73.0M – $304M | $200M (+70%) | after a round | – | unknown | C | 0% |
| 1 Dec 2019 | $124M | $73.0M – $304M | $200M (+62%) | after a round | – | unknown | C | 0% |
| 1 Jan 2020 | $130M | $73.0M – $304M | $200M (+54%) | after a round | – | unknown | C | 0% |
| 1 Feb 2020 | $137M | $73.0M – $304M | $200M (+46%) | after a round | – | unknown | C | 0% |
| 1 Mar 2020 | $143M | $73.0M – $304M | $200M (+40%) | after a round | – | unknown | C | 0% |
| 1 Apr 2020 | $151M | $73.0M – $304M | $200M (+33%) | after a round | – | unknown | C | 0% |
| 1 May 2020 | $158M | $73.0M – $304M | $200M (+27%) | after a round | – | unknown | C | 0% |
| 1 Jun 2020 | $166M | $73.0M – $304M | $200M (+20%) | after a round | – | unknown | C | 0% |
| 1 Jul 2020 | $174M | $73.0M – $304M | $200M (+15%) | after a round | – | unknown | C | 0% |
| 1 Aug 2020 | $183M | $73.0M – $304M | $200M (+9%) | after a round | – | unknown | C | 0% |
| 1 Sep 2020 | $193M | $73.0M – $304M | $200M (+4%) | after a round | – | unknown | C | 0% |
| 1 Oct 2020 | $200M | $72.2M – $304M | $200M (0%) | after a round | – | unknown | C | 0% |
| 1 Nov 2020 | $200M | $68.6M – $304M | $200M (0%) | after a round | – | unknown | C | 0% |
| 1 Dec 2020 | $200M | $65.3M – $304M | $200M (0%) | after a round | – | unknown | C | 0% |
| 1 Jan 2021 | $200M | $62.1M – $304M | $200M (0%) | after a round | – | unknown | C | 0% |
| 1 Feb 2021 | $200M | $59.0M – $304M | $200M (0%) | after a round | – | unknown | C | 0% |
| 1 Mar 2021 | $200M | $56.3M – $304M | $200M (0%) | after a round | – | unknown | C | 0% |
| 1 Apr 2021 | $200M | $53.5M – $304M | $200M (0%) | after a round | – | unknown | C | 0% |
| 1 May 2021 | $200M | $51.0M – $304M | $200M (0%) | after a round | – | unknown | C | 0% |
| 1 Jun 2021 | $200M | $48.4M – $304M | $200M (0%) | after a round | – | unknown | C | 0% |
| 1 Jul 2021 | $200M | $46.1M – $304M | $200M (0%) | after a round | – | unknown | C | 0% |
| 31 Jul 2021 | $1.6B | $1.4B – $2.8B | $2.4B (+50%) | after a round | – | unknown | B | 0% |
| 1 Aug 2021 | $1.6B | $1.4B – $2.8B | $2.4B (+50%) | after a round | – | unknown | B | 0% |
| 1 Sep 2021 | $1.7B | $1.4B – $2.8B | $2.4B (+45%) | after a round | – | unknown | B | 0% |
| 1 Oct 2021 | $1.7B | $1.4B – $2.8B | $2.4B (+40%) | after a round | – | unknown | B | 0% |
| 1 Nov 2021 | $1.8B | $1.4B – $2.8B | $2.4B (+35%) | after a round | – | unknown | B | 0% |
| 1 Dec 2021 | $1.9B | $1.4B – $2.8B | $2.4B (+31%) | after a round | – | unknown | B | 0% |
| 1 Jan 2022 | $1.9B | $1.4B – $2.8B | $2.4B (+26%) | after a round | – | unknown | B | 0% |
| 1 Feb 2022 | $2.0B | $1.4B – $2.8B | $2.4B (+22%) | after a round | – | unknown | B | 0% |
| 1 Mar 2022 | $2.1B | $1.4B – $2.8B | $2.4B (+18%) | after a round | – | unknown | B | 0% |
| 1 Apr 2022 | $2.1B | $1.4B – $2.8B | $2.4B (+14%) | after a round | – | unknown | B | 0% |
| 1 May 2022 | $2.2B | $1.4B – $2.8B | $2.4B (+11%) | after a round | – | unknown | B | 0% |
| 1 Jun 2022 | $2.3B | $1.4B – $2.8B | $2.4B (+7%) | after a round | – | unknown | B | 0% |
| 1 Jul 2022 | $2.4B | $1.4B – $2.8B | $2.4B (+3%) | after a round | – | unknown | B | 0% |
| 1 Aug 2022 | $2.4B | $1.4B – $2.8B | $2.4B (0%) | after a round | – | unknown | B | 0% |
| 1 Sep 2022 | $2.4B | $1.3B – $2.8B | $2.4B (0%) | after a round | – | unknown | B | 0% |
| 1 Oct 2022 | $2.4B | $1.3B – $2.8B | $2.4B (0%) | after a round | – | unknown | B | 0% |
| 1 Nov 2022 | $2.4B | $1.2B – $2.8B | $2.4B (0%) | after a round | – | unknown | B | 0% |
| 1 Dec 2022 | $2.4B | $1.2B – $2.8B | $2.4B (0%) | after a round | – | unknown | B | 0% |
| 1 Jan 2023 | $2.4B | $1.1B – $2.8B | $2.4B (0%) | after a round | 790 | unknown | B | 0% |
| 1 Feb 2023 | $2.4B | $1.1B – $2.8B | $2.4B (0%) | after a round | 790 | unknown | B | 0% |
| 1 Mar 2023 | $2.4B | $1.0B – $2.8B | $2.4B (0%) | after a round | 790 | unknown | B | 0% |
| 1 Apr 2023 | $2.4B | $993M – $2.8B | $2.4B (0%) | after a round | 790 | unknown | B | 0% |
| 1 May 2023 | $2.4B | $952M – $2.8B | $2.4B (0%) | after a round | 790 | unknown | B | 0% |
| 1 Jun 2023 | $2.4B | $911M – $2.8B | $2.4B (0%) | after a round | 790 | unknown | B | 0% |
| 1 Jul 2023 | $2.4B | $873M – $2.8B | $2.4B (0%) | after a round | 790 | unknown | B | 0% |
| 1 Aug 2023 | $2.4B | $771M – $2.8B | $2.4B (0%) | after a round | 790 | unknown | C | 0% |
| 1 Sep 2023 | $2.4B | $733M – $2.8B | $2.4B (0%) | after a round | 790 | unknown | C | 0% |
| 1 Oct 2023 | $1.3B | $698M – $2.4B | $872M (-34%) | after a round | 670 | down | C | 82% |
| 1 Nov 2023 | $1.3B | $663M – $2.5B | $844M (-35%) | after a round | 670 | down | C | 82% |
| 1 Dec 2023 | $1.3B | $631M – $2.5B | $818M (-35%) | after a round | 670 | down | C | 82% |
| 1 Jan 2024 | $1.2B | $600M – $2.5B | $793M (-36%) | after a round | 670 | down | C | 82% |
| 1 Feb 2024 | $1.2B | $570M – $2.6B | $768M (-37%) | after a round | 670 | down | C | 82% |
| 1 Mar 2024 | $1.3B | $543M – $2.6B | $815M (-35%) | after a round | 760 | flat | C | 76% |
| 1 Apr 2024 | $1.3B | $516M – $2.7B | $861M (-34%) | after a round | 760 | flat | C | 70% |
| 1 May 2024 | $1.4B | $492M – $2.7B | $906M (-33%) | after a round | 760 | flat | C | 64% |
| 1 Jun 2024 | $1.4B | $467M – $2.7B | $950M (-32%) | after a round | 760 | flat | C | 59% |
| 1 Jul 2024 | $1.4B | $445M – $2.8B | $994M (-31%) | after a round | 760 | flat | C | 54% |
| 1 Aug 2024 | $1.4B | $508M – $2.7B | $1.0B (-24%) | after a round | 900 | up | C | 50% |
| 1 Sep 2024 | $1.4B | $493M – $2.7B | $1.1B (-23%) | after a round | 900 | up | C | 46% |
| 1 Oct 2024 | $1.4B | $479M – $2.7B | $1.1B (-21%) | after a round | 900 | up | C | 42% |
| 1 Nov 2024 | $1.5B | $747M – $2.7B | $1.2B (-20%) | after a round | 1,100 | growing | C | 39% |
| 1 Dec 2024 | $1.5B | $753M – $2.7B | $1.2B (-18%) | after a round | 1,100 | growing | C | 36% |
| 1 Jan 2025 | $1.6B | $758M – $2.7B | $1.3B (-17%) | after a round | 1,100 | growing | C | 33% |
| 1 Feb 2025 | $1.6B | $763M – $2.7B | $1.3B (-16%) | after a round | 1,100 | growing | C | 30% |
| 1 Mar 2025 | $1.6B | $768M – $2.7B | $1.4B (-15%) | after a round | 1,100 | growing | C | 28% |
| 26 Mar 2025 | $3.5B | $3.0B – $5.2B | $4.6B (+30%) | after a round | 1,100 | growing | A | 0% |
| 1 Apr 2025 | $3.5B | $3.0B – $5.2B | $4.6B (+29%) | after a round | 1,100 | growing | A | 0% |
| 1 May 2025 | $3.6B | $3.0B – $5.2B | $4.6B (+27%) | after a round | 1,100 | growing | A | 0% |
| 1 Jun 2025 | $3.7B | $3.0B – $5.2B | $4.6B (+24%) | after a round | 1,100 | growing | A | 0% |
| 1 Jul 2025 | $3.8B | $3.0B – $5.2B | $4.6B (+21%) | after a round | 1,268 | growing | A | 0% |
| 1 Aug 2025 | $3.8B | $3.0B – $5.3B | $4.6B (+19%) | after a round | 1,304 | growing | A | 0% |
| 1 Sep 2025 | $3.9B | $3.0B – $5.3B | $4.6B (+16%) | after a round | 1,304 | growing | A | 0% |
| 1 Oct 2025 | $4.0B | $3.0B – $5.3B | $4.6B (+14%) | after a round | 1,339 | growing | A | 0% |
| 1 Nov 2025 | $4.1B | $3.0B – $5.3B | $4.6B (+12%) | after a round | 1,377 | growing | A | 0% |
| 1 Dec 2025 | $4.2B | $3.0B – $5.3B | $4.6B (+9%) | after a round | 1,377 | growing | A | 0% |
| 1 Jan 2026 | $4.4B | $3.0B – $5.4B | $4.7B (+7%) | after a round | 1,451 | growing | A | 0% |
| 1 Feb 2026 | $4.5B | $3.0B – $5.4B | $4.7B (+4%) | after a round | 1,451 | growing | A | 0% |
| 1 Mar 2026 | $4.6B | $3.0B – $5.4B | $4.7B (+2%) | after a round | 1,451 | up | A | 0% |
| 1 Apr 2026 | $4.7B | $3.0B – $5.4B | $4.7B (0%) | after a round | 1,451 | up | A | 0% |
| 1 May 2026 | $4.8B | $3.1B – $5.5B | $4.8B (0%) | after a round | 1,621 | growing | A | 0% |
| 21 May 2026 | $5.2B | $4.5B – $7.8B | $6.8B (+30%) | after a round | 1,621 | up | A | 0% |
| 1 Jun 2026 | $5.2B | $4.5B – $7.8B | $6.8B (+29%) | after a round | 1,621 | up | A | 0% |
| 1 Jul 2026 | $5.4B | $4.5B – $7.8B | $6.8B (+26%) | after a round | 1,621 | up | A | 0% |
| 1 Aug 2026 | $5.5B | $4.5B – $7.8B | $6.8B (+23%) | after a round | 1,621 | up | A | 0% |
| 1 Sep 2026 | $5.6B | $4.5B – $7.8B | $6.8B (+21%) | after a round | 1,621 | up | A | 0% |
| 1 Oct 2026 | $5.8B | $4.5B – $7.9B | $6.9B (+20%) | after a round | 1,785 | growing | A | 0% |
| 24 Oct 2026 | $5.9B | $4.5B – $7.9B | $6.9B (+18%) | after a round | 1,785 | growing | A | 0% |
Key facts about Mercury
- Founded
- 2017
- Headquarters
- San Francisco, United States
- Employees
- about 1,790 +33% in a year
- Total raised
- $740M
- Funding rounds
- 5
- Last round
- Series D May 2026
Mercury was founded in 2017 by Immad Akhund, Jason Zhang and Max Tagher.
Mercury funding history
Mercury has 5 funding rounds on record, from Sep 2019 to May 2026, $740M in total. The latest disclosed valuation is $5.20B post-money (Series D, May 2026).
Series D 20 May 2026
Led by Technology Crossover Ventures; with Andreessen Horowitz, Coatue, CRV, Sapphire Ventures, Sequoia Capital, Spark Capital.
Sources: mercury.com, businesswire.com, finextra.com and 3 more
$200M
$5.20B post-money
Series C 25 Mar 2025
Led by Sequoia Capital; with Spark Capital, Marathon Venture Capital, Coatue, CRV, Andreessen Horowitz.
Sources: better-tomorrow-ventures.ghost.io, mercury.com, finovate.com
$300M
$3.50B post-money
Debt 9 Oct 2024no round page
Led by Natixis Corporate & Investment Banking.
Sources: better-tomorrow-ventures.ghost.io, financialit.net, pymnts.com and 1 more
$100M
Series B 30 Jul 2021
Led by Coatue; with Andreessen Horowitz, CRV, Sapphire Ventures.
Sources: fstech.co.uk
$120M
$1.62B post-money
Series A 25 Sep 2019
Led by CRV; with Andreessen Horowitz, Dreamers VC, 35V, Serena Ventures, Clocktower Ventures, 500 Global, Melo7 Tech Partners.
Sources: mercury.com, retailbankerinternational.com, finextra.com
$20M
Mercury investors
15 investors have backed Mercury; CRV, Coatue and Sequoia Capital and 2 more led at least one round.
- CRV lead, 4 rounds
- Coatue lead, 3 rounds
- Sequoia Capital lead, 2 rounds
- Natixis Corporate & Investment Banking lead
- Technology Crossover Ventures lead
- Andreessen Horowitz 4 rounds
- Sapphire Ventures 2 rounds
- Spark Capital 2 rounds
- 500 Global
- Melo7 Tech Partners
What Mercury does
Mercury works in banks & ATMs, with 15 recorded offerings and customers in financial services, saas, e-commerce and real estate.
Mercury Technologies, Inc. is an American financial technology company that provides banking and financial management solutions for startups, small businesses, and scaling companies. The company operates a software-as-a-service platform offering business and personal banking, treasury management, venture debt, working capital loans, credit cards, expense management, payments, invoicing, and accounting automation. Mercury serves a diverse client base, including SaaS companies, ecommerce businesses, agencies, consultants, law firms, real estate developers, life science companies, climate-focused businesses, healthcare services, and crypto-related entities. The company also collaborates with FDIC-insured financial institutions to support its operations.
Description from Veridion's company data.
Products and services
- Business Banking Services
- Personal Banking Services
- Treasury Management Services
- Venture Debt Solutions
- Working Capital Loan Services
- Credit Card Issuance Services
- Expense Management Services
- Payment Processing Services
- Invoicing Solutions
- Accounting Automation Services
- Financial Data Analytics Services
- AI-Driven Financial Security Solutions
- Multi-Language Financial Services
- Flexible Financial Plan Services
- FDIC-Insured Deposit Services
Markets
- Financial Services
- SaaS
- E-commerce
- Real Estate
- Healthcare
- Life Sciences
- Climate Change
Technology
- AI and Machine Learning for Financial Services
Business model
- Business-to-Business
- Business-to-Consumer
- Software-as-a-Service
Industry codes (NAICS)
- 522110 Commercial Banking 70% match
- 513210 Software Publishers 30% match
Questions about Mercury
What is Mercury worth?
Valuation $5.9B (range $4.5B to $7.9B), as of 24 Oct 2026. The last disclosed valuation was $5.20B (Series D, May 2026).
Has Mercury raised money?
Mercury has 5 funding rounds on record, from Sep 2019 to May 2026, $740M in total. The latest disclosed valuation is $5.20B post-money (Series D, May 2026).
Who has invested in Mercury?
CRV, Coatue, Sequoia Capital, Natixis Corporate & Investment Banking, Technology Crossover Ventures and Andreessen Horowitz, and 9 more. Lead investors include CRV, Coatue, Sequoia Capital and Natixis Corporate & Investment Banking.
How many people work at Mercury?
About 1,790, up 33% over the last year. Headcount grew from 790 in Jan 2023 to 1,785 in Sep 2026.
What does Mercury do?
Mercury works in banks & ATMs, with 15 recorded offerings and customers in financial services, saas, e-commerce and real estate. Its main offerings are business banking services, personal banking services and treasury management services.
When was Mercury founded, and where is it based?
Mercury was founded in 2017 and is based in San Francisco, United States. It has about 1,790 employees, up 33% over the last year.