Marqeta Raises $200M in Series Unknown

Marqeta has successfully raised $200M in a Series Unknown at a $8B valuation led by 83North, Coatue, ICONIQ Capital.

Company Overview

Marqeta is a FinTech company headquartered in 180 Grand Avenue, Oakland, CA 94612, founded in 2010 with 900+ employees.

Modern card issuing platform

Fundraising Details

Amount Raised: $200M
Round Type: Series Unknown
Valuation: $8B
Date: 2024-06-12
Investors: 83North, Coatue, ICONIQ Capital

About Marqeta

Modern card issuing platform The company is positioned in the FinTech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 180 Grand Avenue, Oakland, CA 94612
Founded: 2010
Team Size: 900+
Industry: FinTech

What This Means

This funding round demonstrates strong investor confidence in Marqeta's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The FinTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Marqeta's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $8B valuation marks an important milestone for Marqeta, positioning the company among notable players in the FinTech industry.

Looking Ahead

With this new capital, Marqeta is well-positioned to execute on its growth strategy and continue building innovative solutions in the FinTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-06-12. For more information about Marqeta, visit their headquarters at 180 Grand Avenue, Oakland, CA 94612.