Marqeta: Completed a $260 mn Series E fundraise

Marqeta: Completed a $260 mn Series E fundraise

Marqeta: The modern card issuing platform, completed a $260 mn led by Coatue Management

  • This new funding used to accelerate the firm’s expansion plans, both domestically and in global markets
  • The round saw participation from several new investors, including Vitruvian Partners, Spark Capital, Lone Pine Capital and Geodesic
  • They join existing Marqeta investors Visa, Iconiq, Goldman Sachs, 83North, Granite Ventures, CommerzVentures, and CreditEase
  • Founded in 2010, Marqeta’s clients include Square, Affirm, DoorDash, Kabbage, and Instacart
  • The firm doubled its revenue for three straight years and seen a dramatic increase in spending activity on its platform in that same time
  • It has 300 employees and recently expanded internationally, opening a European office headquartered in London