Freshfields Advises Mercury on $200m Series D Raise at a $5.2bn Valuation

Freshfields advised Mercury Technologies, Inc., a San Francisco-based fintech company, on its announced $200 million Series D financing at a $5.2 billion valuation. The round was led by TCV and included participation from existing investors including Andreessen Horowitz, Coatue Management, CRV, Sapphire Ventures, Sequoia Capital, and Spark Capital. This brings total primary and secondary funding to Mercury to approximately $700 million.

Mercury provides products and services that power financial workflows for more than 300,000 customers. More information can be found here.

The Freshfields corporate team was led by partners Sarah Solum and Scott Blumenkranz, counsel Shira Oyserman, and associates Matt Deorocki and Will Gu. Partner Mena Kaplan and Counsel Daniel Spencer provided advice on intellectual property-related matters; partner Justin Stewart-Teitelbaum and special counsel Charles Ramsey advised on regulatory matters; partner Aimen Mir, CFIUS national security advisor Brian Reissaus and associate Kate Applegate advised on CFIUS and foreign direct investment matters; and partner David Sewell advised on financial regulatory matters.