Mercury
About Mercury
Mercury is a Fintech startup based in San Francisco, CA, USA that has raised $500M in venture capital across 2 funding rounds since 2017. The company reached Series D stage in March 2025 with a $300M round led by Sequoia Capital at a $3.5B valuation. Mercury's investor base includes 7 institutional funds, with TCV leading the most recent equity round.
Mercury is a San Francisco-based fintech company founded in 2017 by Immad Akhund, Max Tagher, and Jason Zhang that provides business banking infrastructure for startups and scaling companies. The platform offers checking and savings accounts, business credit cards, domestic and international wires, invoicing, expense management, venture debt, and treasury products through partner banks Choice Financial Group and Column N.A. Mercury serves over 300,000 businesses, processes more than $20 billion in monthly transactions, and reached $650 million in annualized revenue with four consecutive years of profitability. In March 2025 the company raised a $300M Series C at a $3.5 billion valuation led by Sequoia Capital. In May 2026 Mercury raised a $200M Series D at a $5.2 billion valuation led by TCV, with participation from Andreessen Horowitz, Coatue, CRV, Sapphire Ventures, Sequoia Capital, and Spark Capital. The round followed conditional approval from the Office of the Comptroller of the Currency for Mercury to become a federally chartered bank, enabling direct lending, Zelle participation, and reduced reliance on banking partners.
Mercury Funding Rounds Timeline
2 rounds · $500M raised · since 2017
| Round | Date | Amount | Valuation | Lead investor | Co-investors |
|---|---|---|---|---|---|
| Series C | March 2025 | $300M | $3.5B | Sequoia Capital | Spark Capital, Coatue, CRV, Andreessen Horowitz |
| Series D | May 2026 | $200M | $5.2B | TCV | Andreessen Horowitz, Coatue, CRV, Sapphire Ventures, Sequoia Capital, Spark Capital |
Investors in Mercury
7 institutional investors across 2 rounds
Lead investors
Co-investors
Recent news about Mercury
- Series DMercury Raises $200M Series D at $5.2B ValuationMay 2026
Questions about Mercury
How much has Mercury raised?
Mercury has raised $500M across 2 funding rounds since 2017.
Who are the investors of Mercury?
Mercury's investors include TCV, Sequoia Capital, Andreessen Horowitz, Coatue, CRV, Spark Capital, Sapphire Ventures.
When was Mercury's last funding round?
Mercury's most recent round was a $300M Series C in March 2025, led by Sequoia Capital.
What is Mercury's valuation?
Mercury reached a $5.2B valuation (unicorn status) with its Series C round in March 2025.
Where is Mercury headquartered?
Mercury is headquartered in San Francisco, CA, USA, and was founded in 2017 by Immad Akhund, Max Tagher, Jason Zhang.