WHAT THEY STAND FOR
Giving its own customers the round its investors would otherwise have taken.
Mercury extended its $120 million Series B by $5 million as a community round and filled it in a single day.
The five million was carved out of a round institutions would happily have taken in full. That is the whole point of a community round: it is a deliberate decision to let customers in, not a fallback when the money is not there.
Reported by Community Roundup.
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