Marqeta authorized enough shares for a $150 million raise at a valuation of $4.52 billion. The financial services company is backed by Coatue Management and Vitruvian Partners to name a few. The most recent round, Series E-1, follows $260 million raised for Series E, valuing the company at $1.96 billion. The terms surrounding the Series E-1 include a pari passu liquidation preference with Series D, D-1 and E, and conventional convertible meaning they will not participate with common stock if there are remaining proceeds. The most recent price per share is $8.3374, an up round from Series E at $3.8908.

Marqeta is a Prime Unicorn Index component. Here’s how they are currently tracking against the index:

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Bloomberg Ticker: PUNICORN

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