# Marqeta

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/marqeta

- Industry: Financial Services
- Headquarters: Oakland, US
- Website: www.marqeta.com
- Total disclosed funding: $506M
- Latest round: Series E (May 28, 2020)
- Investors on record: 16

## About

Founded in 2010, and based in California, US, Marqeta, Inc. operates as a fintech company that offers a range of financial products and services. The company was founded by CEO, Jason Gardner. In March 2019, Marqeta raised USD 260 million in Series E funding led by new investor Coatue Management with participation from other new investors and in 2020, it raised an additional USD 150 million in Series E venture funding from Coatue Management and Vitruvian Partners. Additionally, in June 2021, Marqeta raised USD 1.227 billion in an IPO, selling 45.45 million shares at USD 27 per share on the Nasdaq, trading under ticker symbol MQ. The listing valued Marqeta, Inc. at USD 14.3 billion.

Marqeta operates in 40 countries and has offices in the United States, United Kingdom, and Australia, and legal entities in Canada, Singapore and Brazil. And it has won the award, Best in Payments APIs as well as the 50 most innovative award. As of December 2022, the company had a total of 958 employees. 

Marqeta is a business-to-business company that offers digital banking services to issue cards and more. The company also enables companies to build, issue and deploy payment, finance, and commerce solutions for online travel, online retail, media buying, small business lending, point-of-sale financing, consumer finance, disbursements, on-demand delivery, and expense management industries. The platform features a program dashboard to manage program setting and configure the account, real-time operational data insights, payment card industry-compliant widgets, real-time card authorization restrictions, virtual card creation, Just-In-Time Funding for authorizing payments, and funding cards.
 
The company generates the majority of its revenue based on the volume of transactions processed through our platform. It additionally generates revenue from other processing and managed services, including platform access, ATM processing, fraud monitoring, dispute management, and tokenization services. In 2021, the company generated USD 517.2 million and USD 748.2 million in 2022.

## Funding rounds

- Series E, May 28, 2020, $150M — Vitruvian Partners, Coatue Management
- Series E, Mar 14, 2019, $260M — Granite Ventures, Spark Capital, Vitruvian Partners, Commerzbank, Coatue Management, Goldman Sachs Asset Management, Lone Pine Capital, Visa Inc., ICONIQ Capital, CreditEase Corp., 83 North, Geodesic Capital, Greyhound Capital
- Series D, Jun 5, 2018, $40M — Commerzbank, Goldman Sachs Asset Management, Visa Inc., ICONIQ Capital, CreditEase Corp., 83 North
- Series D, Jun 7, 2017, $25M — IA Capital Group, Granite Ventures, Commerzbank, Visa Inc., Commerce Ventures, CreditEase Corp., 83 North
- Series C, Oct 27, 2015, $9.9M — IA Capital Group, Granite Ventures, Commerzbank, Commerce Ventures, 83 North
- Series B, Mar 1, 2013, $16M — Greylock Partners, Granite Ventures, Commerce Ventures, 83 North
- Series A, Jun 2, 2011, $5.6M — Granite Ventures, 83 North

## Investors

- Granite Ventures (https://capitalatlas.ai/funds/granite-ventures) — Series A, Series B, Series C, Series D, Series E
- 83 North (https://capitalatlas.ai/funds/83-north) — Series A, Series B, Series C, Series D, Series E
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series B
- Commerce Ventures (https://capitalatlas.ai/funds/commerce-ventures) — Series B, Series C, Series D
- IA Capital Group (https://capitalatlas.ai/funds/ia-capital-group) — Series C, Series D
- Commerzbank (https://capitalatlas.ai/funds/commerzbank) — Series C, Series D, Series E
- Visa Inc. — Series D, Series E
- CreditEase Corp. — Series D, Series E
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series D, Series E
- ICONIQ Capital (https://capitalatlas.ai/funds/iconiq-capital) — Series D, Series E
- Spark Capital — Series E
- Vitruvian Partners (https://capitalatlas.ai/funds/vitruvian-partners) — Series E
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series E
- Lone Pine Capital — Series E
- Geodesic Capital (https://capitalatlas.ai/funds/geodesic-capital) — Series E
- Greyhound Capital (https://capitalatlas.ai/funds/greyhound-capital) — Series E