Mercury Fund
Venture capitalHouston · 14 people tracked
Investment thesis
Mercury Fund invests in domain expert founders solving real market problems with disruptive innovation. The firm focuses on breakthrough technologies including AI, blockchain, and other frontier innovations, seeking founders who have demonstrated the ability to succeed in their respective industries.
Source: firm website, verified Jul 21, 2026.
Team · 14 people
from the firm's websiteLeads Mercury's industrial transformation investment practice focused on physical AI startups. Previously Managing Director at Invest Detroit Ventures and co-founder of three software companies including Sidecar (acquired by GM). Former powertrain engineer at Ricardo.
Former CEO of Intermat, a product information management software company on NYSE. Previously a principal at Genesis Park private equity firm focused on software, and helped establish Houston's innovation ecosystem through the Houston Technology Center, Houston Angel Network, and multiple accelerators.
Previously founded Gestalt Theory Venture Partners venture studio. Held leadership roles at Insperity (NYSE: NSP) in corporate development and fintech. Brings foundational management experience from Travelers Group and UPS, and entrepreneurial background from his family's retail business.
Leads Mercury's fintech and blockchain practice, backing founders innovating in financial services. Previously Investment Director at Goose Capital and a two-time founder in beauty and food products. Co-hosts the podcast MoneyMoves exploring the intersection of traditional finance and web3.
Brings over 15 years of B2B software go-to-market experience. Led marketing and business development teams at Atlassian during hypergrowth, and held executive roles at Gremlin, Vanta, and Tailscale. Focuses on helping founders design go-to-market strategies and drive customer acquisition.
Focuses on AI enablement of legacy industries in heavy industry, real estate, sports, and hospitality. Former oil and gas engineer and current operating partner in hospitality. Hosts the AI After Dark podcast and brings both technical fluency and operational experience from co-owning Houston restaurants.
Manages Mercury's financial operations. Previously worked with Cintrifuse venture capital fund-of-funds and Northcreek mezzanine fund. CFA charterholder and holds Swiss certified specialist in accounting and finance degree.
Joined Mercury Fund in 2008 and has invested across healthcare IT, DevOps tools, and cybersecurity. Served as advisory board member at SXSW and on the U.S. Government's National Advisory Council for Innovation and Entrepreneurship. Currently a member of the NVCA board.
Supports financial reporting, fund operations, and performance analysis including portfolio valuations, capital tracking, and investment due diligence. Previously worked as fund accountant at Verivest real estate fund administrator.
Oversees all operations for Mercury Fund and manages community and ecosystem engagement. Executive Director of CXO Summit. Previously worked as Business Analyst at Trenegy consulting firm on enterprise software implementations.
Supports portfolio companies with product strategy, development, positioning, and go-to-market guidance. Extensive experience building and leading early-stage B2B SaaS companies through growth to IPO or acquisition in ecommerce, higher education, and martech sectors.
Manages financial reporting and capital activity at Mercury. Previously worked at CRG LP, a healthcare-focused private equity firm, and at PricewaterhouseCoopers on private equity audits. Licensed CPA in Texas.
Assists the team with administrative tasks and daily operational needs. Previously worked as Sales Support Specialist at Experian Consumer Services on the Data Breach Response Team.
Manages deal flow pipeline and database for the investment team while conducting venture, company, and market research. Also provides support to Mercury's Limited Partners. Native Houstonian.
What they invest in
from 61 of 99 portfolio companiesSaaS ×30Enterprise Software ×25AI & Machine Learning ×21Fintech ×8Data & Infrastructure ×7Healthtech ×7Marketing Tech ×6Deep Tech ×5
HQs:United States×22
Investments · showing 60 of 99
founders shown can be your intro pathShareThis collects and analyzes consumer behavioral data from over three million global websites to provide insights, targeting, activation, and data enrichment services. The platform serves publishers, ad tech platforms, media agencies, and marketers seeking to understand and act on consumer behavior patterns.
AdTechData & InfrastructureMarketing TechSaaS
Dana C. Hayes, Jr.(Chief Executive Officer)Myha Trieu(Chief People Officer)Chad Burns(Chief Financial Officer)Huanjin Chen(Chief Technology Officer)
Aclaimant provides risk management software to help organizations identify and actively manage business risks. The platform originated in workers' compensation claim management and serves companies seeking real-time insights to mitigate or reduce loss frequency and severity.
Enterprise SoftwareInsurTechChicago, US
Michael Schultz(Co-founder)
Alert Logic delivers managed security services including threat detection and response, cloud security, and incident readiness for enterprises. The company is now part of LevelBlue, which operates as a global managed security services provider.
CybersecurityEnterprise Software
Ambiq develops ultra-low-power semiconductor solutions and edge AI platforms for IoT and healthcare applications. The company designs microcontrollers, microprocessors, and AI-enabled solutions optimized for energy efficiency.
AI & Machine LearningIoTSemiconductorsAustin, US
Fumihide Esaka(CEO)
Ambyint develops an AI-powered platform for optimizing oil and gas well production, serving production operators and engineers. The platform combines physics-informed models and machine learning to automate well management, anomaly detection, and setpoint optimization at scale.
AI & Machine LearningEnergyEnterprise Software
ArborXR provides a device management platform for remotely managing, deploying content to, and controlling augmented and virtual reality headsets used in enterprise, healthcare, and education settings.
Deep TechDeveloper ToolsEnterprise Software
Brad Scoggin(CEO & Co-Founder)
Astronaut is an AI customer engagement platform that automates communications with customers across the full lifecycle—from retention and adoption monitoring to upsell identification. The product targets SaaS and subscription businesses seeking to improve Net Revenue Retention and customer lifetime value.
AI & Machine LearningEnterprise SoftwareSaaS
Benson Hill develops genetically optimized soy seed varieties using AI-driven plant science, targeting agricultural producers seeking more nutritious, sustainable, and energy-dense crop solutions.
AgTechAI & Machine LearningNew Materials
BitGo provides institutional-grade digital asset infrastructure including custody, trading, wallet services, and stablecoin management for financial institutions and enterprises. The company serves clients managing cryptocurrency and tokenized assets across prime services, ecosystem integration, and regulated crypto-as-a-service platforms.
Crypto & Web3Enterprise SoftwareFintech<UNKNOWN>
BMC Software provides automation, operations, and service management solutions for enterprises, serving the majority of Forbes Global 100 companies.
AI & Machine LearningDeveloper ToolsEnterprise Software
Ayman Sayed(President and CEO)
Blumira is a cloud SIEM and extended detection and response (XDR) platform that monitors endpoints, networks, clouds, and identity systems to detect and respond to threats. It serves IT teams and security operations centers looking to reduce alert fatigue and automate threat detection across hybrid and multi-cloud environments.
Cloud ComputingCybersecurityEnterprise Software
BrandRank.AI is a SaaS platform that audits, optimizes, and improves brand visibility and citation in AI answer engines like ChatGPT, Gemini, Claude, and Perplexity. The platform tracks content readiness, AI search visibility, and brand vulnerability across 7 AI engines to help brands win in the Answer Economy.
AI & Machine LearningMarketing TechSaaSCincinnati, US
Pete BlackshawPepper Wyant
Brassica provides qualified custodian services for client assets, offering secure multi-layered storage, AML/KYC compliance, and $250 million fraud and hack insurance. The company serves financial institutions and investment platforms requiring regulated custody solutions.
Fintech
Buildforce is a platform that matches electrical contractors with vetted, short-term and temp-to-hire electricians while managing worker onboarding, time tracking, and compliance. The platform serves electrical contractors and helps them efficiently staff projects through pre-vetted worker credentials, attendance tracking, and payroll management.
Construction TechHR TechSaaS
Cart.com provides unified commerce and logistics software and services that enable companies to sell and fulfill orders across multiple channels. The platform integrates digital and physical commerce operations for B2C and B2B merchants, connecting product listing, sales, and fulfillment activities.
E-commerceLogistics & Supply ChainSaaS
Omair Tariq(Founder and CEO)
Civitech builds technology infrastructure for political candidates, social causes, and local governments to increase voter registration and engagement. The platform provides voter data, SMS outreach tools, and campaign support to help underrepresented communities participate in the democratic process.
Enterprise SoftwareGovTechSaaS
Jeremy Smith(CEO and Co-founder)
Clean Chemistry develops water treatment and microbial control technologies using proprietary oxidation chemistry formulations. The company serves energy, pulp and paper, food and beverage, and other water-intensive industries with safer, non-corrosive alternatives to traditional oxidizer chemistries.
CleantechEnterprise SoftwareNew MaterialsBoulder, US
careviso provides a software platform (seeQer) that helps healthcare providers verify patient insurance eligibility, conduct prior authorizations, and estimate out-of-pocket costs to improve administrative efficiency and patient transparency in the US healthcare system.
Enterprise SoftwareHealthtechSaaS
Collide provides an AI platform designed for oil and gas operators to automate complex workflows and index operational data. The system is built to help engineers and operators across the energy sector manage data-intensive tasks.
AI & Machine LearningEnergyEnterprise Software
ESG Solutions provides subsurface diagnostic and monitoring solutions using advanced analytics technologies including microseismics, fiber optics, and electromagnetics for energy, mining, and geotechnical operations. The company delivers custom integrated monitoring and analytics solutions to help customers safely manage subsurface storage, injection, and operational activities globally.
AI & Machine LearningData & InfrastructureEnergy
Experiment is a platform for discovering, funding, and sharing scientific research. The platform aims to democratize science by enabling anyone to participate in and support scientific endeavors.
Deep TechHealthtechMarketplacesSaaSHonolulu, US
Denny Luan(Founder)in
SaaSAustin, US
Spruce offers residential cleaning services including whole-house cleans, tidy-ups, and single-room services for homeowners, with add-ons like carpet deodorizing and oven cleaning. The company operates in multiple communities with background-checked, insured service providers.
Consumer
Salesforce is a cloud-based customer relationship management (CRM) platform that integrates AI agents to automate business workflows across sales, service, marketing, and other departments, enabling organizations and AI to work collaboratively.
AI & Machine LearningCloud Computing
Marc Benioff(Founder & CEO)
DEV.co provides custom software development and IT staffing services, delivering full-stack development teams and technical support to businesses across finance, marketing, sales, and operations sectors. The company offers onshore, nearshore, and offshore engineering resources to manage large-scale projects.
Developer ToolsEnterprise SoftwareSaaS
Nate Nead(Chief Executive Officer)
Ironclad is an AI platform for digital contract management that helps companies execute faster deals, reduce contract surprises, and measure value. The platform serves enterprise and mid-market organizations managing contract lifecycles.
AI & Machine LearningEnterprise SoftwareLegalTechSaaSSan Francisco, US
Jason Springer(Chief Executive Officer)Jeremy Smith(President)Vedavati Verma(Chief Technology Officer)Jason Herman(Chief Product Officer)
PayPal is a digital payment platform that enables users to send money, make purchases with buyer protection, and manage international transactions securely. The service serves consumers and merchants globally through online and mobile channels.
E-commerceFintechMarketplaces
KODE provides a platform connecting medical coders with healthcare providers, offering coders flexible income opportunities while helping providers manage staffing and workflow needs in the healthcare industry.
Enterprise SoftwareHealthtechHR Tech
PDI provides enterprise software solutions including invoicing, analytics, and back-office systems for retailers, wholesalers, and brands in the convenience and CPG sectors.
Enterprise SoftwareRetail TechSaaS
Liquibase provides a database change management platform that standardizes, automates, and governs database deployments across 65+ databases through orchestration APIs, governance controls, and change intelligence. The platform integrates with DevOps tools like ServiceNow, GitHub, and Terraform to enable teams to manage database changes with compliance, security, and audit capabilities.
Data & InfrastructureDeveloper ToolsEnterprise Software
LISNR is an ultrasonic proximity platform that enables contactless commerce and customer engagement through presence detection, secure authentication, targeted promotions, and gamified loyalty experiences across retail, finance, mobility, and education sectors.
AdTechDeveloper ToolsEnterprise SoftwareRetail TechCincinnati, US
Rodney Williams(Founder & CEO)
Medefy is a mobile-first healthcare navigation platform that helps employers, brokers, TPAs, and public organizations guide members to appropriate care while reducing costs and improving health outcomes. The platform combines a mobile app with 24/7 live Care Guides to help users understand benefits, find in-network providers, and make informed healthcare decisions.
Enterprise SoftwareHealthtechSaaS
Meshify develops IoT sensors and analytics software for insurance loss prevention, focusing on water damage and burst pipe detection. The company builds an end-to-end platform that integrates sensor hardware, mobile app, and real-time dashboard for insurers to deliver predictive maintenance and reduce customer losses.
InsurTechIoTSaaS
Board seats · per SEC filings · 5
what is this? ⓘ$100M raise · filed May 2026 · via Blair Garrou
$11.9M raise · filed Jul 2025 · via Blair Garrou
$81.2M raise · filed May 2025 · via Blair Garrou, Blair M. Garrou
$7.4M raise · filed Mar 2025 · via Blair Garrou
$41.3M raise · filed May 2023 · via Blair Garrou
Inferred from directors named on each company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Frequently asked questions
- What sectors does Mercury Fund focus on?
- Mercury Fund focuses on Advanced Manufacturing, AI & Machine Learning, Crypto & Web3, Defense Tech, Fintech, Sector Agnostic.
- Where is Mercury Fund located?
- Mercury Fund is headquartered in Houston, US.
- Does Mercury Fund lead rounds?
- Yes, Mercury Fund leads investment rounds.
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