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. Marqeta's technology enables businesses to issue and manage physical and virtual cards, offering sophisticated control over transactions, spending limits, and authorization rules. This robust infrastructure has made it a critical partner for companies looking to build and scale their own payment solutions, facilitating seamless and secure transactions for millions of end-users worldwide.
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 Greylock Partners, Commerce Ventures, and Granite Ventures
Series C (2015): $25M featuring Commerce Ventures, Max Levchin, 83NORTH, Black River Ventures, CommerzVentures, Granite Ventures, and IA Capital
Series D (2018): $45M, investors not publicly disclosed
Series E (2019): $260M with participation from CreditEase, Lone Pine, Vitruvian Partners, Iconiq, 83NORTH, CommerzVentures, Coatue Management, Geodesic, Visa, Spark Capital, Granite Ventures, and Goldman Sachs
Series F (2020): $150M led by Undisclosed
Stock Issuance/Offering (2021): $1.2B, investors not publicly disclosed
Key Investors in Marqeta
Greylock Partners
Greylock Partners is a global venture capital firm that invests in exceptional entrepreneurs at all stages to build category-leading companies. They have a strong portfolio with many successful companies and unicorns, reflecting their successful investment strategy and focus on innovation across various industries.
Granite Ventures
Granite Ventures is a venture capital firm focused on investing in technology-driven companies, particularly in the payments and digital commerce sectors. They partner with technology leaders to support their growth and innovation, aiming to collaborate with visionary entrepreneurs to help them scale their businesses effectively.
CommerzVentures
CommerzVentures is a return-driven, non-strategic venture capital investor that backs early-stage FinTech and InsurTech companies. As an independent financial investor, they offer access to key decision-makers in financial services and insurance, investing in the very best startups in a given sector.
What's next for Marqeta?
With a history of significant capital infusions, Marqeta is strategically positioned for continued expansion and innovation in the rapidly evolving fintech sector. The company's enterprise-level funding suggests a focus on scaling its operations, enhancing its technological capabilities, and potentially exploring new market opportunities. Future developments are likely to center on further empowering businesses with advanced payment processing solutions, solidifying its role as a key enabler of digital commerce and financial services innovation. The consistent investment indicates strong confidence in Marqeta's business model and its capacity to adapt to future market demands.
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