What is Marqeta?
Founded in 2010 and headquartered in Oakland, California, Marqeta operates as a global modern card issuing platform. It empowers innovators such as Square, Uber, Affirm, Instacart, and DoorDash to effectively manage their payment programs. The company's technology provides a flexible and scalable infrastructure for businesses to issue and manage physical and virtual cards, enabling seamless transactions and enhanced control over spending. Marqeta's platform is crucial for companies looking to build custom payment experiences and streamline their financial operations.
How much funding has Marqeta raised?
Marqeta has raised a total of $1.7B across 8 funding rounds:
Debt
$1.7M
Series B
$14M
Series C
$25M
Series D
$45M
Series E
$260M
Series F
$150M
Stock Offering
$1.2B
Debt (2012): $1.7M, investors not publicly disclosed
Series B (2013): $14M supported by Commerce Ventures, Greylock Partners, and Granite Ventures
Series C (2015): $25M featuring IA Capital, CommerzVentures, 83NORTH, Max Levchin, Commerce Ventures, Granite Ventures, and Black River Ventures
Series D (2018): $45M, investors not publicly disclosed
Series E (2019): $260M with participation from CreditEase, 83NORTH, Lone Pine, Vitruvian Partners, Coatue Management, Geodesic, CommerzVentures, Goldman Sachs, Visa, Granite Ventures, Iconiq, and Spark Capital
Series F (2020): $150M led by Undisclosed
Stock Issuance/Offering (2021): $1.2B, investors not publicly disclosed
Key Investors in Marqeta
Commerce Ventures
Commerce Ventures is an investment firm focused on building the infrastructure for future industries in retail and financial services, with a specialization in retail tech, payment tech, and banking tech.
Greylock Partners
Greylock Partners is a venture capital firm that invests in exceptional entrepreneurs at all stages, aiming to develop global category leaders with a unique approach to scaling companies.
Granite Ventures
Granite Ventures partners with technology leaders, focusing on investments in companies within the payments and digital commerce sectors to support their growth and innovation.
What's next for Marqeta?
With substantial enterprise-level backing and a recent strategic investment, Marqeta is well-positioned for accelerated expansion and product development. The company's focus on providing a robust and adaptable card issuing infrastructure suggests a trajectory towards further innovation in payment technology. Future growth is likely to involve deepening relationships with existing enterprise clients and attracting new partners seeking sophisticated payment solutions. Continued investment in its platform capabilities will be key to maintaining its competitive edge in the rapidly evolving FinTech landscape.
See full Marqeta company page
