Mercuryfund

Mercury Fund is a venture capital firm that invests in early-stage companies located outside of Silicon Valley, with a stated focus on founders building in AI, blockchain and other frontier technologies. The firm describes itself as "operators first, investors second," offering portfolio companies systems and processes for product growth, go-to-market execution and capital formation from the earliest stages, including pre-seed incubation investments that it then continues to support through later rounds.

The firm reports $750 million in assets under management, more than 50 active portfolio companies, over 30 portfolio company exits, more than 20 years of investing in startups outside Silicon Valley, and more than $18 billion in portfolio value creation since inception. Named portfolio relationships include OpenTrade (tokenization of real-world assets and stablecoin yield infrastructure), Cart.com (ecommerce logistics), Venus Aerospace (rocket engine propulsion), RepeatMD (AI platform for the MedSpa/aesthetics industry), Omniscience (AI control tower for clinical trial data), Queen One (AI commerce CRM), Buildforce (electrician staffing), Pie (AI-native growth platform for small businesses), Nectar Social, and Brassica, which was acquired by BitGo in 2024.

Business model

Mercury Fund operates as a venture capital fund manager, deploying limited partner capital into early-stage private companies and supporting them with operational resources across product growth, go-to-market and capital formation. It maintains an LP portal for investors in its funds.

Traction

Reported figures include $750M assets under management, 50+ active portfolio companies, 30+ portfolio exits and $18B+ in portfolio value creation since inception. Recent portfolio financings the firm participated in or led include Queen One's $25M round, Venus Aerospace's $91M Series B, OpenTrade's $17M strategic round, Buildforce's $10M Series A and Pie's $19.5M Series A.

Latest developments

In 2026 the firm led a $25M round in Queen One and a $91M Series B in Venus Aerospace, co-led a $17M strategic round in OpenTrade alongside Notion Capital, and continued backing Buildforce ($10M Series A), Pie ($19.5M Series A led by Lightspeed) and Nectar Social ($30M Series A led by Menlo Ventures). Portfolio company Cart.com raised a $180M equity round led by Springcoast Capital in March 2026, and BitGo, which had acquired Mercury portfolio company Brassica in 2024, IPO'd on the NYSE in January 2026. Mercury also published the second annual Early-Stage Go-To-Market Report.