What is Marqeta?
Founded in 2010 and headquartered in Oakland, California, Marqeta provides a sophisticated, cloud-native card issuing platform. The company serves as the technological backbone for high-growth enterprises, including Square, Uber, Affirm, Instacart, and DoorDash. By enabling these organizations to manage complex payment programs with precision and scale, Marqeta has effectively disrupted traditional banking infrastructure, positioning itself as an essential utility for the digital economy.
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 Granite Ventures, Commerce Ventures, and Greylock Partners
Series C (2015): $25M featuring Max Levchin, Black River Ventures, 83NORTH, Granite Ventures, Commerce Ventures, IA Capital, and CommerzVentures
Series D (2018): $45M, investors not publicly disclosed
Series E (2019): $260M with participation from Iconiq, Spark Capital, Lone Pine, Coatue Management, Visa, Granite Ventures, Geodesic, Goldman Sachs, Vitruvian Partners, CommerzVentures, CreditEase, and 83NORTH
Series F (2020): $150M led by Undisclosed
Stock Issuance/Offering (2021): $1.2B, investors not publicly disclosed
Key Investors in Marqeta
Granite Ventures
A venture capital firm that partners with technology leaders, focusing specifically on the payments and digital commerce sectors to help visionary entrepreneurs scale effectively.
83NORTH
A global venture capital firm managing over $2.2 billion, dedicated to investing in exceptional entrepreneurs at all stages to build category-leading companies.
Commerce Ventures
An investment firm that partners with entrepreneurs to build the infrastructure for future industries in retail and financial services, with a focus on payment tech and modernizing commercial lending.
What's next for Marqeta?
Following its recent capital infusion, Marqeta is well-positioned to accelerate its product roadmap and expand its global footprint. The company's focus remains on enhancing its API-driven card issuing capabilities, which are increasingly vital for businesses seeking to embed financial services directly into their user experiences. As the demand for seamless, real-time payment solutions continues to rise, Marqeta is expected to leverage its strong balance sheet to deepen its competitive moat, potentially exploring new verticals in commercial lending and cross-border payment optimization to maintain its leadership in the fintech sector.
See full Marqeta company page
