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Mercury Fund

Investor type Venture Capital
Founders Blair Garrou Dan Watkins

Overview

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 172
Average round size
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The average size of a deal this fund participated in
$7M
Portfolio companies 73
Rounds per year 10.12
Lead investments 25
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.57
Exits 21
Key employees 5
Stages of investment
Early Stage Venture

Areas of investment

  • Software
  • Biotechnology
  • Health Care
  • SaaS
  • Enterprise Software
Summary

In 2005 was created Mercury Fund, which is appeared as VC. The main office of represented VC is situated in the Houston. The venture was found in North America in United States.

The fund was created by Blair Garrou, Dan Watkins. We also calculated 10 valuable employees in our database.

The standard case for the fund is to invest in rounds with 3-4 partakers. Despite the Mercury Fund, startups are often financed by ff Venture Capital, Austin Ventures, Techstars. The meaningful sponsors for the fund in investment in the same round are DFJ, Huron River Ventures, Austin Ventures. In the next rounds fund is usually obtained by ff Venture Capital, Houston Angel Network, Serra Ventures.

For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. The fund has no specific favorite in a number of founders of portfolio startups. When startup sums 4 of the founder, the probability for it to get the investment is little. Among the various public portfolio startups of the fund, we may underline Alert Logic, Sight Machine, DNAtriX Besides, a startup needs to be aged 4-5 years to get the investment from the fund. Among the most popular fund investment industries, there are Energy, Biotechnology.

The fund is constantly included in 7-12 deals per year. Considering the real fund results, this VC is 7 percentage points more often commits exit comparing to other organizations. Comparing to the other companies, this Mercury Fund performs on 17 percentage points less the average number of lead investments. The usual things for fund are deals in the range of 5 - 10 millions dollars. The increased amount of exits for fund were in 2016. The high activity for fund was in 2014. Despite it in 2019 the fund had an activity. The average startup value when the investment from Mercury Fund is 10-50 millions dollars.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Topl

Blockchain
Information Technology
Social Impact
Supply Chain Management
$15M26 Jul 2022 Houston, Texas, United States

Spruce

Consumer Goods
Consumer Lending
Fashion
Housekeeping Service
Laundry and Dry-cleaning
Men's
Retail
$26M19 Jul 2022 Austin, Texas, United States

Chain.io

Data Integration
Developer APIs
Logistics
Productivity Tools
SaaS
Supply Chain Management
$11M15 Jun 2022 Philadelphia, Pennsylvania, United States

WizeHire

Human Resources
Internet
Recruiting
$30M10 May 2022 Houston, Texas, United States

Upgrade Boutique

Beauty
Cosmetics
Marketplace
$1M03 May 2022 Houston, Texas, United States

Green Room App

Independent Music
Music
Software
$1M22 Mar 2022 Houston, Texas, United States

Karbon Card

Financial Services
FinTech
$15M09 Feb 2022 Bengaluru, Karnataka, India

Blumira

Computer
Cyber Security
Information Technology
Network Security
$10M18 Aug 2021 Ann Arbor, Michigan, United States

Respond Flow

Marketing Automation
SaaS
SMS
Software
$2M13 Aug 2021 Tulsa, Oklahoma, United States
News
Cybersecurity monitoring and response startup Blumira raises $10.3M

– Blumira, a cybersecurity startup based in Ann Arbor, Michigan, announced that it raised $10.3 million in a series A round led by Mercury with participation from Ten Eleven Ventures, M25, Array Ventures, and others.
– The investment, which brings Blumira’s total raised to $12.9 million to date, will be used to grow the company’s security information and event management platform and double the size of its team to 80 employees within the next year.
– As enterprises embrace digital transformation during the pandemic, malicious actors are taking note — and advantage, in many cases. The world now faces roughly over 100,000 malicious websites and 10,000 malicious files every day. And ransomware has become prolific, despite the fact that 75% of companies infected with ransomware are running up-to-date endpoint protection.

Cart.com Raises $98M in Series B Funding

– Cart.com from Houston TX provides ecommerce solutions to help businesses scale online.
– The company closed $98M Series B funding round.
Oak HC/FT led the round, with participation from PayPal Ventures, Clearco, Raven One Ventures, G9 Ventures and prior investors Mercury Fund, Moonshots Capital, Valedor Partners, Arsenal Growth, as well as Sebastian Rymarz, CEO of Heyday, Phillip Krim, CEO of Casper, as well as executives at Discover Financial, Robinhood, Blinds.com and Uber.
– The company intends to use the funds to further strengthen its ecommerce-as-a-Service (ECaaS) integrated platform and continue acquiring solution providers.

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