Mercury is building a banking stack for startups, empowering the next generation of startups. The company has raised $120M at a $1.62B valuation, led by Coatue, & incl. Andreesen Horowitz, CRV, and Sapphire.
Mercury launched in April 2019 and already has 40K+ customers, incl. Lunch club, Mighty, and Linear. Playing in a $100B market opportunity in SMB business banking, Mercury is led by Immad, a serial entrepreneur who sold his previous startup for $45m.