FT Partners is pleased to announce our role as exclusive strategic and financial advisor to Marqeta on its $150 million growth financing, valuing the company at $4.3 billion, an approximately 2.5x increase from the prior round valuation, which closed less than a year ago. The round was led by one of the largest asset managers in the world. The Marqeta round, along with our recently announced ~$400 million financing for AvidXchange, both stand out since they were led by new investors and represent valuations that were substantial increases from the most recent prior rounds. Many recent large FinTech financing rounds have been led by insiders and at down or flat valuations. This round brings the total capital raised by FT Partners for Marqeta to over $500 million.
Founded in 2010, Marqeta is the first global modern card issuing platform and supports the world's fastest-growing innovators at scale, including Square, Affirm, DoorDash, Klarna and Instacart, by providing the most advanced infrastructure and tools for building highly configurable payment solutions.
The Marqeta transaction highlights FT Partners' ability to drive optimal results for our clients, even during these challenging market conditions. This transaction also underscores the long-term nature of many of our client relationships. FT Partners has advised Marqeta on all of its capital raising since 2015. Since then, the Company's enterprise value has grown by over 40x. Prior to this round, we advised Marqeta on its $260 million Series E financing led by Coatue in 2019, its $45 million financing led by ICONIQ in 2018, its strategic $25 million financing led by Visa in 2017, and its $25 million financing in 2015.