Banking built for startups — venture debt, FX, integrations
Mercury benefited massively from the SVB collapse in 2023, becoming the default startup bank. Now expanding into venture debt, FX, personal banking, and an AI-native ledger built around how a business actually operates. Profitable for four consecutive years and announced a $200M Series D at a $5.2B valuation in May 2026 — up from $3.5B at the March 2025 Series C — pitched as a platform play for the next-five-years cohort of AI-accelerated startup formation. CEO Immad Akhund.
Fintech📍 San Francisco, CAFounded 2017
Current Valuation
$5.2B
as of 2026-Q2
UNICORN
QL Price
$4.4B
-15% vs last round
QuantLogix's current estimate for Mercury, published 2026-10-07 — below the last disclosed round of $5.2B (2026-Q2).
Confidence
medium
Basis
blended
What backs this price
Last disclosed round
$5.2B
2026-Q2
weight 0.83
Secondary market print
$4.8B
2026-06-27
weight 0.78
Public-company comparables
$1.7B
2026-Q1
weight 0.37
How this price has held up
No round has priced for Mercury since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-10-07 and will be graded against the next priced round. See the full accuracy record →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, Mercury, 2026-10-07 (2675cbfe107646b7).
The id pins this exact claim, so a citation stays checkable after the price moves.
Model estimate for research — not a quote, target price, or investment advice.
IPO Outlookprivate
Is Mercury going public?
No. Mercury has no imminent IPO plans on record. It is still private.
What is Mercury's valuation in 2026?
Mercury is valued at $5.2B as of 2026-Q2, set by its Series D ($200M, May 2026). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Mercury filed an S-1?
No public S-1 is on file for Mercury.
Who are Mercury's investors?
Mercury's investors include Sequoia, a16z, CRV, Coatue, Lee Fixel.
How much has Mercury raised?
Mercury has raised $650M in total, most recently a Series D of $200M in May 2026.
Is Mercury publicly traded — can you buy Mercury stock?
No. Mercury is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Mercury on its Pre-IPO Access Desk.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Company Profile
CEO
Immad Akhund
Founded
2017
HQ
San Francisco, CA
Employees
~600
Total Raised
$650M
Est. Revenue
$350M (2026-Q1)
Growth
Profitable 4 consecutive years
Last Round
Series D — $200M (May 2026) · Lead: Undisclosed (announcement did not name lead)
IPO Status
no imminent plans
Fundraising Status
Series D · $200M · 5 mo ago
no imminent plansTotal raised $650M
Secondary Market
Implied price / share
$16.48
Last round price / share
$17.72
vs last round
-7.0%
Open interest
40
Last round price vs secondary price
Secondary price return by period
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →
Latest Funding Round
Round
Amount
Date
Lead Investor
Post-Money
Series D
$200M
May 2026
Undisclosed (announcement did not name lead)
—
Talent Signal
Hiring trend
▶ Hiring steady
0% vs 2026-08
Open roles
61
via greenhouse
Product-build share
52%
engineering, research, product, design
Trajectory
steady
product-led hiring — 52% of open roles build product; the rest are go-to-market and G&A.
Actively hiring with no tracked executive churn.
Open roles by month
Open roles by function
■ product-building ■ go-to-market / G&A
Head of Data Engineering & PlatformHead of Product - Business BankingHead of Product - Business LendingHead of Product - Personal BankingOpen Call for Founders / Founding Teams - Product Management and EngineeringSenior Backend Engineer - Product
Counted from Mercury's live job board as of 2026-09-15; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
Founders & Key People
Immad AkhundMax TagherJason Zhang
Investors
Sequoia · a16z · CRV · Coatue · Lee Fixel
Products
Mercury Checking & Savings
Mercury Treasury
Mercury Venture Debt
Mercury IO (corporate cards)
Mercury for Personal
Competitors
Ramp · Silicon Valley Bank (now First Citizens) · Chase
FintechBanking
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2026-Q2. Refreshed quarterly.