DFJ Mercury, a Houston-based seed and early-stage venture capital firm focused on investing in information technology, advanced materials, and bioscience companies of Texas, Colorado, Illinois and Michigan, has closed its second fund, totalling $70m in commitments.
As part of DFJ Mercury Fund II, new institutional investors joined Fund I’s high-net worth and family office investors.
At a strategic level, the fund will make a total of 15-18 investments, initially committing between $100,000 and $1,500,000 per company, up to a total of $4m over the life of a company.
To date, DFJ Mercury Fund II has made seven Series A investments, including:
– ShareThis, the web content sharing platform;
– ActaCell, a maker of high-power Lithium-ion battery technology for the automotive market;
– Graphic.ly, a digital content delivery system and community platform for comics and related merchandise;
– Macheen, a provider of cloud services for connected devices.