Side-by-side IPO readiness, funding history, and valuation comparison. Data sourced by TechStackIPO.
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Faire is the wholesale marketplace connecting 700K+ independent retailers with 100K+ emerging brands — the B2B commerce platform for the indie retail economy. Valued at $12.4B with $1.7B raised, Faire processes billions in annual GMV and is the dominant wholesale marketplace globally. IPO candidate as B2B commerce digitisation continues to disrupt traditional wholesale distribution — a $50B+ global market.
| Industry | E-commerce |
| Stage | Series H |
| IPO Status | Private |
| Valuation | $12.4B |
| Total Funding | $1.7B |
| Headquarters | San Francisco, CA |
Mercury is a financial technology company providing business banking, credit cards, treasury, and API-based financial services to startups and SMBs. As of 2026, it serves over 100,000 customers and is valued at approximately $3.5B.
| Stage | Public |
| IPO Status | Public |
| Valuation | $6.1B |
| Total Funding | $913M |
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Faire is valued at $12.4B. Mercury is valued at $6.1B. Both figures are based on the most recent funding rounds tracked by TechStackIPO.
Faire filed an S-1 in April 2026 and is actively in the IPO pipeline. Mercury filed an S-1 in February 2026 and is actively in the IPO pipeline. Track both companies on TechStackIPO for S-1 filings, roadshow announcements, and IPO date updates.
Faire has raised $1.7B. Mercury has raised $913M.
Faire operates in E-commerce, while Mercury operates in an undisclosed sector.
Faire is a E-commerce company valued at $12.4B with $1.7B raised. Mercury is a private tech company valued at $6.1B with $913M raised. See TechStackIPO's full side-by-side comparison for IPO readiness scores, funding timelines, and investor access options.
Accredited investors can access pre-IPO shares in Faire and Mercury through secondary market platforms, pre-IPO funds, and broker-dealer platforms that facilitate private company transactions. TechStackIPO's marketplace section tracks available access options for both companies. Pre-IPO investments carry higher risk and limited liquidity.