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New Deal


Announced

Completed

Coatue, Andreessen Horowitz, Charles River Ventures, and Sapphire Ventures led a $120m Series B funding round in Mercury.

Financials

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Transaction Value£86m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

banking

Banks

Acquisition

Venture Capital

Private Equity

Minority

Domestic

Private

Completed

Friendly

Single Bidder

Synopsis

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Coatue, Andreessen Horowitz, Charles River Ventures, and Sapphire Ventures led a $120m Series B funding round in Mercury, a bank for startups. Additional investors included Dylan Field (CEO at Figma), Mathilde Collins (CEO at Front), Akshay Kothari (COO at Notion), Jack Altman (CEO at Lattice), Hunter Walk and Satya Patel (Partners at Homebrew), and Elizabeth Yin (Partner at Hustle Fund). Mercury is a complete financial stack to build a company. Scale with FDIC-insured bank accounts, debit cards, and 3-click payment flows.

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