Marqeta authorized enough shares for a $250 million raise at a valuation of $1.87 billion , if all shares authorized are issued. The virtual card company is previously backed by Granite Ventures, Visa, Goldman Sachs and ICONIQ Capital to name a few. The most recent round, Series E, follows the $65 million raised for Series D/D-1 valuing the company at $547 million. The terms surrounding the Series E include a pari passu liquidation with Series D/D-1, and conventional convertible meaning they will not participate with common stock if there are remaining proceeds. The most recent price per share is $3.8909, an up round from Series D/D-1 at $1.205333333.
Marqeta is currently a Prime Unicorn Index component. Here’s how they are currently tracking against the index:
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