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Merge

Merge provides a unified API platform for B2B companies to integrate with various HR, payroll, accounting, and CRM systems.

$7.51

Secondary Market Price

Updated: 
Oct 2025
Current Preferred Price
Date:
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Prospect Projected Preferred
Current FMV
Date:
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Prospect Projected FMV
$212M
Company Valuation
Updated: 
Oct 2025
Software
Industry
San Francisco, CA
Headquarters
2020
Year Founded
130+
Employee Count
$7.51

Secondary Market Price

Updated: 
Oct 2025
Current Preferred Price
Date:
Sign in to view
Prospect Projected Preferred
Current FMV
Date:
Sign in to view
Prospect Projected FMV
$212M
Company Valuation
Updated: 
Oct 2025
Software
Industry
San Francisco, CA
Headquarters
2020
Year Founded
130+
Employee Count

How Merge Measures Up

To help you manage your Merge equity, Prospect has run the company through our machine learning model.

Prospect Rating

4X

Our analysis projects that Merge could be worth four times its current valuation in the next four years. For an employee with stock options, this suggests your equity has the potential to increase in value by that same multiple.

Exit Risk

Moderate Risk

Our Moderate Risk rating for Merge stems from its rapid scaling and recent fundraising, which are balanced against the inherent uncertainties that affect the likelihood of a liquidity event for employees.

Funding Stage

Series B

Since Merge is in its Series B stage, it has a proven product and is focused on scaling, which means less of the initial startup chaos. This offers you a sweet spot between the stability of an established company and the high-impact opportunities of a rapidly growing one.

$7.51
Est val $212M
+$13.13 (▲50%)
Jan, 2024 - Jan, 2025

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Prospect Projected Future Merge Prices

Prospect’s machine learning model has been trained on the same data top-tier investors use to project the likely range of outcomes for Merge's equity. Create a free account to view 10th-90th percentile projections over 2, 4, and 6 years.

Powerful tools to earn more from your equity

Company Description

Merge is a B2B software company that provides a unified API platform, enabling developers to integrate their products with a wide range of third-party systems. These systems include human resources, payroll, accounting, recruiting, and customer relationship management software. The platform is designed to manage the entire integration lifecycle, including authentication, data normalization, and syncing, allowing client companies to save engineering resources. Founded in 2020 by Shensi Ding and Gil Feig, who met at Columbia University, the company was born from their firsthand experience with integration challenges at other enterprise software startups. Headquartered in San Francisco, Merge has since expanded with offices in New York City and Berlin and has secured $75 million in funding from investors including Accel, NEA, and Addition.

The company plans to expand its unified API platform to more software categories while scaling its operations and maintaining a high-quality developer experience. To support this growth, Merge is actively hiring for roles across multiple departments. A major recent milestone was the company's $55 million Series B funding round on September 14, 2022. More recently, Merge has launched new products like the Merge Agent Handler, which gives AI agents secure access to third-party tools, and was named to LinkedIn's 2025 Top Startups list. The company has grown to serve over 7,000 customers and reported 30x year-over-year ARR growth between October 2021 and October 2022.

Merge Notable Investors

  • Accel
  • NEA
  • Addition
  • Lee Fixel
  • Greg Schott
  • Matthew Prince
  • Tim Junio
  • Matt Kraning
  • Ben Herman

Merge Founders

  • Co-Founder, CEO Shensi Ding
  • Co-Founder, President Gil Feig

Peer Group Comparison

Vs Peer Group of >$4B Startups

Peer Group Comparison

Frequently Asked Questions

Is Anduril worth joining?

Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.

Is Merge worth joining?

Merge shows strong signs of health, including rapid revenue growth, significant recent funding, and having achieved product-market fit. You can use resources like Prospect's company profile to perform your own due diligence and evaluate the opportunity against other startups.

What should I do with my Merge stock?

Managing equity in a private company like Merge involves planning for exercising options and potential future liquidity events. Platforms such as Prospect provide tools to help you create tax-optimized strategies and forecast the potential value of your holdings.

Can you sell Merge stock?

Since Merge is a private company, its stock cannot be sold on public markets and liquidity is typically limited to company-approved events like tender offers. Tools from platforms like Prospect can help you analyze these opportunities and understand secondary market pricing.

How can I find the value of my Merge stock?

While Merge's most recent valuation provides a high-level estimate, the value of individual shares is not publicly listed. You can use platforms like Prospect, which leverage proprietary models to help you project the future worth of your private company equity.

What is Merge's equity worth?

Merge's latest company valuation is estimated to be between $250-$500M after raising a $55M Series B round. The specific value of your personal equity stake depends on your grant details and the company's continued growth, which you can model using equity management tools.

What is Merge's stock ticker symbol?

Merge does not have a stock ticker symbol because it is a private company. Ticker symbols are only assigned to companies that are listed and traded on a public stock exchange.

Can I buy or sell Merge stock?

Buying Merge stock is generally not possible for the public as it is a private company, and selling is restricted to specific company-approved windows. When selling opportunities do arise, resources from Prospect can help you make tax-efficient decisions.

What is the criteria to buy or invest in Merge stock?

Investing in a private, venture-backed company like Merge is typically limited to accredited investors and institutions participating in official funding rounds. The general public cannot directly invest, though employees often receive equity as part of their compensation package.

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