A.T.
75 posts
@andrewtrader
Proud papa and lover of big adventures. 5-time founder including @MadisonReedllb, @Zynga, Coremetrics. Operating Partner at @BullpenCap. Onward!
1/ Today, @Mercury announced a $300 million Series C in a mix of primary & secondary funding at a $3.5B valuation, led by @Sequoia, with participation from @sparkcapital, @MarathonMP, @coatuemgmt, @CRV, & @a16z. I’m deeply humbled by the growth we’ve experienced. 🧵
1/ Mercury 2025 Annual Letter: Our vision is that banking* should do more than hold your money. It should include the cards and software you need to actually use your money. In 2024, we took huge strides to bring that vision to life: * Grew transaction volume to $156bn. * Launched 4 new major products – bill pay, invoicing, accounting automations and expense mgmt * Expanded into the consumer space with Mercury Personal* * Invested in our core banking infrastructure and experience Here’s how we got here and what we learned along the way 🧵
Excited to announce that we’ve expanded support for VC funds. SVB played a key role in the startup ecosystem, not just serving startups but the investors who back them. VC funds have unique structures and needs for banking. They often need multiple accounts, and want the ability to toggle between them with ease. With @mercury, VCs will get: * Quick & easy onboarding. Apply for an account in <10 minutes and get expedited approval * 1:1 relationship management * Fast and free wire transfers * Custom user controls * Multiple accounts for GPs, LPs and more * Real-time instant investing into other Mercury accounts * Expanded VC-friendly jurisdictions including the British Virgin Islands, Cayman Islands and the United Arab Emirates. These have long been important jurisdictions for VC funds. If you’d like to set up an account, DM me and I’ll expedite your request. More here: mercury.com/vc-funds
We’re excited to announce Mercury Venture Debt: mercury.com/venture-debt Enhance your VC round—get minimally-dilutive capital, extend your runway, and hit milestones to reach a higher valuation at your next fundraise. Here's what you can expect👇
We're excited to let you know we raised a $120m Series B led by Coatue, with participation from @a16z, @CRV, & @SapphireVC. We also want our customers to be part of our success, so we're doing something new. We've set aside a $5m allocation to let you into the round 👇
