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San Francisco based Mercury raised $120m in Series B funding led by Coatue Management at a post-money valuation of $1.62b.
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"Our focus is as singular as ever: we still want to turn banking into something like magic. We’ll use this new funding to expand our team and continue building products that help you scale. We want to build something truly great together, for startups, ecommerce, investors, creators, nonprofits, and beyond'" wrote the Mercury team in their funding announcement.
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