About Mercury Fund

20+ Years of Building Outside Silicon Valley

Mercury partners with founders reimagining core industries including financial services, retail and supply chain, healthcare, energy and industrials, construction, manufacturing, and defense. Mercury has helped create over $18 billion of value for our startups with an operationally-focused investment strategy that helps early-stage startups achieve rapid, sustainable growth.

Investment themes

Vertical ai

Mercury believes the next wave of AI innovation will move from foundational models to vertically-focused platforms. Hundreds of billions in foundational model value will flow into vertical AI startups that capture market share and prove durability. Vertical AI will be led by regionally-located, industry trained domain expert founders. These founders deeply understand their customers and have a unique advantage when it comes to distribution.

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Blockchain

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Deal Attributes

Geography

Mercury invests in entrepreneurs outside of Silicon Valley, leveraging our extensive network of resources across America.

Stage

Mercury partners with startups who have founder-market fit, and are at the early stage of product-market fit.

Size

Mercury invests $1M-$5M in seed-stage startups, and will also consider pre-seed investments as low as $100K for startups with strong thematic fit. We expect to invest $6M-$8M over the company’s lifetime.

Lead Investor

Mercury is almost always a lead or co-lead investor. We look to collaborate with other venture and strategic investors, but most often catalyze and syndicate a company’s first institutional round.

Platform

Overview

At the core of Mercury’s value-added platform is the Mercury Method, a structured and proven approach and resources for providing operational support to our portfolio companies. Mercury’s "Go Slow to Grow Fast" methodology means we prioritize a strong operational foundation before accelerating growth activity, allowing our startups to be efficient with their capital.

OpsHygiene

At the launch of every investment, Mercury begins with an operational assessment to highlight any inefficiencies. The assessment starts during pre-investment diligence as our team evaluates a startup across its team, tools, and processes. Post-investment, our OpsHygiene framework highlights key areas for improvement, both in the short and mid-term of the startup lifecycle.

Fractional Execs

After OpsHygiene assessments are complete, Mercury provides companies with the option of utilizing experienced fractional execs to implement agreed-upon improvements and enhancements quickly and correctly.

Quicksilver Labs

Quicksilver Labs is Mercury's AI research lab allowing founders to accelerate product and technical development, keeping our startups on par with their Silicon Valley AI competitors. Quicksilver works with existing portfolio companies to keep them up to date on the latest tools, trends, and best practices for AI and data science development. Quicksilver also partners with new startups to provide advice, assistance, and fractional resources so that they can build and hire faster. Learn more.

Liquidity Planning

Unlike most VC firms, Mercury builds liquidity planning into every portfolio relationship from the moment of investment. Our belief is that companies should begin liquidity planning 18-24 months prior to actually being “ready” for M&A discussions. The liquidity planning process is performed with PE and strategic acquirers in mind for many of our startups, and IPO considerations for those companies that have reached hyper-scale.

20+

years investing in startups outside Silicon Valley

$750M

assets under management

50+

active portfolio companies

30+

portfolio company exits

$18B+

value creation in portfolio companies since inception