How Much Did Mercury Raise? Headquarters, Funding & Key Investors

Mercury has raised a total of $346 million in funding across multiple rounds, with major investors including Coatue, Andreessen Horowitz, CRV, and Sapphire Ventures. The company reached a valuation of $3.5 billion as of March 2025, following its $200 million Series C round. Earlier rounds included a $120 million Series B (2021) and $21.3 million Series A (2019), highlighting Mercury’s rapid ascent in the fintech sector. With multiple crowdfunding and secondary rounds, Mercury continues attracting top-tier institutional backers to expand its digital banking footprint.

How Much Did Mercury Raise? Funding & Key Investors

Mercury is a San Francisco–based provider of online business banking and financial workflow management tools, founded in 2017 by Immad Akhund, Jason Zhang, and Max Tagher. With a team of 658 employees (as of December 2024), Mercury delivers modern financial solutions tailored for startups and small businesses.

Its platform integrates banking, payments, expense management, invoicing, and accounting automation, empowering businesses to manage all financial workflows in one secure and efficient ecosystem. Mercury’s tools include FDIC-insured accounts, debit cards, wire transfers, API access, and integrations with QuickBooks and Stripe.

What Is Mercury and What Does It Do?

Mercury, founded in 2017 by Immad Akhund, Jason Zhang, and Max Tagher, is a San Francisco-based (United States) fintech company offering digital business banking and finance automation tools.

The company provides a unified platform for banking, payments, expense tracking, and accounting integrations, simplifying financial operations for startups and SMBs.

Mercury employs between 501-1000 people. Its innovative ecosystem bridges traditional banking with modern SaaS efficiency, making it a preferred choice for venture-backed startups and growing tech companies.

How Much Funding Has Mercury Raised?

*Seed Round (1)* • Amount Raised: $4.9M
• Date: October 2017
• Motivation: To develop the initial fintech platform infrastructure.
*Seed Round (2)* • Amount Raised: $6M
• Date: January 2019
• Lead Investors: Andreessen Horowitz
• Motivation: To expand product offerings and scale operations.
*Series A* • Amount Raised: $21.3M
• Date: September 2019
• Lead Investors: CRV
• Motivation: To enhance banking services and grow customer reach.
*Series B* • Amount Raised: $120M
• Date: July 2021
• Lead Investors: Coatue
• Motivation: To fund product innovation and team expansion.
*Series C* • Amount Raised: $200M
• Date: March 2025
• Lead Investors: Loka Capital, Sapphire Ventures
• Motivation: To scale fintech operations and support global expansion.

Total Funding Raised: $346 Million

Current Valuation: $3.5 Billion (as of March 2025)

Latest Funding Date: March 2025

Key Investors

*Coatue* • Details: A global technology-focused investment firm leading Mercury’s Series B round.
• Investment Focus Areas: Technology, fintech, and consumer internet.
• Notable Investments: ByteDance (TikTok), DoorDash, Snap.
*Andreessen Horowitz* • Details: A top venture capital firm known for investing in high-growth tech companies.
• Investment Focus Areas: Software, technology, and internet-based startups.
• Notable Investments: Facebook, Airbnb, Coinbase.
*CRV (Charles River Ventures)* • Details: An early-stage venture capital firm that led Mercury’s Series A.
• Investment Focus Areas: Early-stage technology ventures.
• Notable Investments: Twitter, DoorDash, Zendesk.
*Sapphire Ventures* • Details: Growth-stage venture capital firm that backed Mercury’s Series C round.
• Investment Focus Areas: Growth-stage enterprise and technology firms.
• Notable Investments: LinkedIn, Box, Square.
*Loka Capital* • Details: A strategic investor focused on scaling global fintech ventures.
• Investment Focus Areas: Fintech, SaaS, and venture-led growth firms.
• Notable Investments: Not publicly disclosed.

Where Is Mercury’s Headquarters?

Mercury’s headquarters is located in San Francisco, California, a central hub for fintech innovation globally. The Bay Area’s proximity to venture capital firms, top-tier talent, and a thriving startup ecosystem enables Mercury to continually refine its products and partnerships, providing a strong competitive edge in financial technology.

What’s Next for Mercury?

Mercury aims to expand its footprint across global startup ecosystems by integrating more automation and AI into its financial tools. With over 40,000 clients and $4B in customer deposits, the company’s next focus lies in cross-border financial management, embedded banking APIs, and enhanced compliance automation. Backed by strong institutional investors, Mercury is well-positioned to lead the next phase of innovation in business banking.

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