Mercury Fund, a Houston, TX-based early-stage venture firm focused on investments outside of traditional coastal tech hubs, raised $160M for Fund V.
The fund was supported from existing investors and new limited partners, including university endowments, foundations, and family offices.
Mercury Fund V targets B2B and B2B2C SaaS and Data platforms enabling the digital transformation of markets, industries, and customer relationships.
Mercury utilizes an operationally-focused investment model, onboarding portfolio companies onto the firm’s platform and providing the resources they need to achieve rapid, sustainable growth. Since its launch in 2013, Mercury has helped create over $9 billion of enterprise value across its portfolio of over 50 companies.
Fund V has already made investments. These included: RepeatMD, a Houston-based patient engagement and fintech platform for doctors selling non-insurance reimbursed products; Polco, a Madison, Wisconsin-based community engagement polling platform for local governments, school districts, law enforcement, and state agencies; MSPbots, a Chicago-based AI-driven process automation platform for small and mid-sized managed service providers (MSPs); and Houston and Cheyenne, Wyoming-based Brassica, a financial infrastructure technology company developing enterprise solutions for the new era of alternative assets.
The firm has offices in Austin, Chicago, and Detroit.
FinSMEs
28/09/2023