Sequoia Capital to Lead Funding Round for Mercury at Over $3 Billion Valuation, Up from $1.6 Billion

Sequoia Capital is in discussions to lead a funding round for the financial technology startup Mercury, which is expected to be valued at over $3 billion. This follows Mercury's previous crowdfunding round, which was conducted at a valuation of $1.6 billion. The startup's product has garnered positive feedback, contributing to its rapid valuation increase. Sequoia Capital has a history of successful investments in the fintech sector, having previously led a Series D funding round for another startup, Harvey.