Tech Company Financing Transactions

Marqeta Funding Round

On 7/27/2017, Marqeta raised $25 million in funding from Visa, 83North and Commerce Ventures.

Transaction Overview

Company Name
Announced On
7/27/2017
Transaction Type
Venture Equity
Amount
$25,000,000
Round
Undisclosed
Investors

Visa (Lead Investor)

83North (Arnon Dinur)

Commerce Ventures

Commerzbank

CreditEase

Granite Ventures (Chris McKay)

Proceeds Purpose
As it relates to Marqeta, Visa is poised to aid the company in three significant areas, according to Gardner: For one thing, the global payments company will instantly give Marqeta greater distribution by promoting its developer-centric products to Visa partners and customers. Given its global footprint, Visa also will be able to help Marqeta expand internationally. And finally, Gardner sees an opportunity for Visa and Marqeta to benefit from a technology exchange.

Company Information

Company Status
Publicly-held
Industry
ECommerce
Mailing Address
180 Grand Ave. 5th Floor
Oakland, CA 94612
USA
Email Address
Overview
Marqeta operates an open API payment card issuing platform, powering prepaid, debit and credit cards for the world's top commerce innovators.
Profile
Marqeta LinkedIn Company Profile
Social Media
Marqeta Company Twitter Account
Company News
Marqeta News
Facebook
Marqeta on Facebook
YouTube
Marqeta on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Jason Gardner
  Jason Gardner LinkedIn Profile  Jason Gardner Twitter Account  Jason Gardner News  Jason Gardner on Facebook
Chief Financial Officer
Tripp Faix
  Tripp Faix LinkedIn Profile  Tripp Faix Twitter Account  Tripp Faix News  Tripp Faix on Facebook
Chief Marketing Officer
Vidya Peters
  Vidya Peters LinkedIn Profile  Vidya Peters Twitter Account  Vidya Peters News  Vidya Peters on Facebook
VP - General Counsel
Seth Weissman
  Seth Weissman LinkedIn Profile  Seth Weissman Twitter Account  Seth Weissman News  Seth Weissman on Facebook
VP - Human Resources
Lori McAdams
  Lori McAdams LinkedIn Profile  Lori McAdams Twitter Account  Lori McAdams News  Lori McAdams on Facebook
VP - Operations
Brian Kieley
  Brian Kieley LinkedIn Profile  Brian Kieley Twitter Account  Brian Kieley News  Brian Kieley on Facebook
VP - Product Management
Kevin Doerr
  Kevin Doerr LinkedIn Profile  Kevin Doerr Twitter Account  Kevin Doerr News  Kevin Doerr on Facebook
VP - Sales
Omri Dahan
  Omri Dahan LinkedIn Profile  Omri Dahan Twitter Account  Omri Dahan News  Omri Dahan on Facebook


 

 

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