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Venture Capital News: Mercury Announces $120M Series B Round

SAN FRANCISCO, CA, Mercury has raised $120 million in a Series B funding round.
Mercury, a digital banking outfit targeting startups, has raised $120 million at a $1.62 billion valuation in a Series B funding round.

Coatue led the round, with participation from Andreessen Horowitz, CRV, Sapphire Venture and a host of angels.

Mercury is building banking for startups. The company wants to power the next generation that will shape American industry.
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