Mercury raises $200M at $5.2B valuation

- Mercury said on May 20 it raised $200 million in a funding round led by TCV to expand banking services for startups. - The round valued Mercury at $5.2 billion, the company said, as it targets AI-native founders and startup banking growth in North America. - Lead investor TCV participated; Mercury plans to use funds to boost product offerings and hire across U.S. teams. (reuters.com)