United States · Investor

Mercury Fund

Last cheque observed Aug 2026; 165 cheques on record.

Deploying nowVC firm

SeedSeries ASeries BB2BBusiness-to-businessSmall And Medium Business

Deploying now
75%of best year9cheques in 12 months, 165 on record
Since the last cheque68days00hrs00min00sec
Median round$7.7MCheque size, as they say$750K – $5.0MRounds led5 of 165Sole investor40 roundsExits7 from the portfolioMostly inUnited States, 98%
Pitch Mercury Fund

Mercury Fund highlights

  1. 01

    9 cheques in the last 12 months

  2. 02

    Mostly Series A and Seed: 46% of its rounds

  3. 03

    Sole investor in 40 rounds, median $1.2M

  4. 04

    7 exits from the portfolio

What they do

Mercury Fund partners with ambitious founders who are transforming markets, industries, and customer relationships through breakthrough innovation in AI, blockchain, and other frontier technologies.From their own website
Type
VC firm (from a list, unverified)
Cheque size
$750K – $5.0M as they say
Stages
SeedSeries ASeries B
Sectors
B2BBusiness-to-businessSmall And Medium Business
Based in
Houston, United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first165 appearances

  1. 2026

    8 rounds

  2. Aug
  3. Jul
    Venus AerospaceSeries B · US · TechCrunch$90MLed
  4. Jul
    BuildforceSeries A · US$10MWith 2 others
  5. Jul
    BRANDRANK.AISeed · US$3.0MSole investor
  6. May
    OpenTradeSeries A · US · Ventureburn$17MLed
  7. Apr
    DreambaseSeed · US · Crunchbase News$3.7MWith 6 others
  8. Mar
    Cart.comGrowth · US · Ventureburn$180MWith 7 others
  9. Mar
    RowanSeed · US$3.3MWith 1 other
  10. 2025

    11 rounds

  11. Dec
    BuildforceVenture · US$7.7MWith 2 others
  12. Oct
    SweatpalsSeed · US$12MWith 3 others
  13. Sept
    BRANDRANK.AIDebt · US$965KSole investor
  14. Sept
    Sight MachineVenture · USUndisclosedWith 3 others
  15. Jul
    BlumiraDebt · US$15MWith 3 others
  16. Jul
    ArborXRVenture · US$1.2MWith 1 other
  17. Jul
    Molecule SoftwareSeries B · US$12MWith 1 other
  18. Apr
    SmartAC.comVenture · US$6.8MSole investor
  19. Mar
    MSPbots.aiSeed · US$650KSole investor
  20. Feb
    ReturnLogicVenture · US$366KWith 4 others
  21. Jan
    KODE HealthSeries B · US$27MWith 2 others
  22. 2024

    6 rounds

  23. Oct
    MealMeSeries A · US · TechCrunch$8.0MLed
  24. Oct
    VozeSeries A · US$12MWith 2 others
  25. Sept
    NanoGraf CorporationGrant · US$60MWith 3 others
  26. Apr
    ToplVenture · US$1.3MWith 4 others
  27. Apr
    VoltSeed · GB$3.0MWith 3 others
  28. Jan
    RadicalSeed · US$4.5MWith 2 others
  29. 2023

    9 rounds

  30. Dec
    MedefySeries A · US$15MWith 1 other
  31. Nov
    RepeatMDSeries A · US$40MWith 1 other
  32. Oct
    GraylogDebt · US$30MWith 2 others
  33. Aug
    Upgrade BoutiqueSeed · US$20KWith 2 others
  34. Aug
    OttoSeries B · US$43MSole investor
  35. May
    AmifySeries B · US$4.2MWith 2 others
  36. May
    Ripple ScienceVenture · USUndisclosedWith 4 others
  37. Apr
    BrassicaSeed · US$8.0MWith 4 others
  38. Jan
    AclaimantVenture · US$2.5MWith 3 others
  39. 2022

    11 rounds

  40. Sept
    CarevisoSeries B · US$17MSole investor
  41. Aug
    RiskSmithPre-seed · US$1.0MSole investor
  42. Jul
    SpruceSeries B · US$26MWith 2 others
  43. Jul
    PolcoSeries A · US$15MWith 2 others
  44. Jul
    StudioSeed · US$3.3MWith 3 others
  45. Jun
    Chain.ioSeries A · US$11MWith 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration4 named

AMAdrian Michael-Carr FortinoManaging MemberiForm ADV
ARAndreas Robert GallikerChief Financial OfficeriForm ADV
AAAziz Ahmed GilaniManaging MemberiForm ADV
MBMarshall Blair GarrouManaging MemberiForm ADV

We also hold 32 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$741Mgross assets of its fundsOct 2026
Exemptreporting adviserventure or small private funds
Legal name
Mercury Partners Management, LLC
SEC number
CRD 163879

What they claim to have backed

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Exits from the portfolio

Companies it backed that were later bought or listed7 in all

DóndeBought by MobifyUndisclosedDec 2015
MacheenBought by Good Technology$8.3MOct 2014
GraphiclyBought by BlurbUndisclosedMay 2014
InfochimpsBought by CSCUndisclosedAug 2013
BlackLocusBought by The Home DepotUndisclosedDec 2012
ActacellBought by Contour Energy SystemsUndisclosedSept 2012
Phurnace SoftwareBought by BMC SoftwareUndisclosedJan 2010

An exit counts when it came after the firm's first round in the company. From historical deal records.

Who they invest alongside

The investors most often in the same rounds as Mercury Fund. A count of rooms they were both in, not a relationship either has claimed.

Recently backed

The latest companies Mercury Fund put money into.

Quick answers about Mercury Fund

What does Mercury Fund invest in?

Mercury Fund invests most often at Series A and Seed (46% of the rounds on record), in sectors such as B2B, Business-to-business and Small And Medium Business.

How active is Mercury Fund?

165 investments on record, 9 of them in the last 12 months, and it led 5. The most recent was in Aug 2026.

What has Mercury Fund invested in recently?

Its most recent investments on record: Queen One (Undisclosed round, Aug 2026), Venus Aerospace (Series B, Jul 2026) and Buildforce (Series A, Jul 2026).

How big are Mercury Fund's cheques?

The median round it joins is $7.7M. It says it writes cheques of $750K to $5.0M.

Does Mercury Fund lead rounds?

Sometimes: it led 5 of its 165 investments on record (3%).

Where does Mercury Fund invest?

Most of the companies it backs are in the United States (98%).

Is Mercury Fund investing now?

Yes: it is actively investing, with 9 investments in the last 12 months.

Who does Mercury Fund invest alongside?

Most often Access Venture Partners (5 rounds together), Austin Ventures (5 rounds together) and CincyTech (5 rounds together).

Raising now?

Find the investors who back rounds like yours, and keep every conversation on one fundraising board.

Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it