Mercury Raises $200 Million Series D at $5.2B Valuation
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SAN FRANCISCO--(BUSINESS WIRE)--May 20, 2026-- Mercury, the technology company providing radically different banking*, today announced a $200 million Series D at a $5.2B valuation, led by TCV . The round included participation from existing investors including Andreessen Horowitz, Coatue, CRV, Sapphire Ventures, Sequoia Capital, and Spark Capital. This brings total primary and secondary funding to approximately $700 million. " AI is collapsing the friction between an idea and a company faster than anything I have seen in my career," said Immad Akhund, co-founder and CEO of Mercury. "We are going to see more founders in the next five years than in the last twenty. But legacy banking in 2026 still works the way it did when I started my first company in 2006. I started Mercury because banking should do more than be a vault, it should help customers run the best business possible." Today, more than 300,000 customers choose Mercury, including one in three U.S. startups** and a rapidly growing share of AI companies. Mercury counts some of the most consequential tech companies being built today as customers including Supabase, ElevenLabs, Lovable, Linear, Phantom, and Tempo. Mercury was built for tech startups, but its customers today span across industries including ecommerce companies like Bogey Bros and Cocolab, and professional services companies including Ways &...
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