Mercury Raises $200M Series D at $5.2B Valuation

Mercury, based in San Francisco, is a fintech company providing a technology platform for business banking and financial operations. The company has announced a $200 million Series D funding round, bringing its total primary and secondary funding to approximately $700 million.

Investors

The round was led by TCV. Additional investors participating in the round include Andreessen Horowitz, Coatue, CRV, Sapphire Ventures, Sequoia Capital, and Spark Capital.

Mercury Use of Funds

Mercury intends to use the capital to support its ongoing product development and growth, including the expansion of its AI-native financial tools, the launch of Mercury Command, and its strategic transition to becoming a fully regulated national bank under the name Mercury Bank, N.A.

About Mercury

Founded in 2017 by Immad Akhund, Mercury provides a banking and financial platform designed for tech startups and small businesses. Its product suite includes corporate cards, invoicing, bill pay, spend management, and AI-powered financial insights to help companies manage their finances in one integrated account.

Funding Details

Company Website: https://mercury.com

Company: Mercury
Raised: $200M
Round: Series D
Funding Date: May 20, 2026
Lead Investor: TCV
Additional Investors: Andreessen Horowitz, Coatue, CRV, Sapphire Ventures, Sequoia Capital, Spark Capital
Company Website: mercury.com
Software Category: Fintech
Source: https://www.aol.com/articles/mercury-raises-200-million-series-150000000.html