
Mercury Fund is an early-stage venture capital firm headquartered in Houston, Texas, that partners with ambitious entrepreneurs transforming markets through breakthrough innovation in software, AI, and frontier technologies across Middle America. The firm leads Seed and Series A rounds and invests $1M–$5M in seed-stage startups, also considering pre-seed investments as low as $100K.
Deal activity decreased year-over-year (3 deals in the last 12 months vs 5 prior). Average disclosed round size is $17.3M (across 54 rounds with reported amounts).
Portfolio
53
Fund Size
$160M
Top Stage
Series A
Last 12 Mo
2
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
60 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| QQueen One | Unknown | $25M | Aug 2026 |
| Unknown | $3M | Jan 2026 | |
| Series A | — | Jun 2025 | |
| Pre-Seed | $10.6M | Jun 2025 | |
| Seed | $5M | Apr 2025 | |
| Series A | $8M | Oct 2024 | |
| Series A | $12M | Oct 2024 | |
| Seed | $4.0M | Sep 2024 | |
| Series A | $12M | Aug 2024 | |
| Series A | $21.5M | May 2024 | |
| Seed | $1.2M | Jan 2024 | |
| Series B | $43M | Aug 2023 | |
| Series B | $10M | May 2023 | |
| Seed | $8M | Apr 2023 | |
| Seed | — | Feb 2023 | |
| Series A | $10M | Jan 2023 | |
| Series B | $17M | Sep 2022 | |
| Series A | $11M | Jun 2022 | |
| Seed | $2.5M | May 2022 | |
| Series B | $30M | May 2022 | |
| Series A | $15M | Mar 2022 | |
| Unknown | $4.5M | Jan 2022 | |
| Unknown | $4.5M | Jan 2022 | |
| Pre-Seed | $3.8M | Sep 2021 | |
| Series A | $10.3M | Aug 2021 |
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Top Co-Investors
GV4 shared
Y Combinator4 shared
Dundee Venture Capital3 shared
Elevate Ventures3 shared
Techstars3 shared
Founders Fund2 shared
Flexport2 shared
S2G Ventures2 shared
Louis Dreyfus Company2 shared
Prelude Ventures2 shared
Fall Line Capital2 shared
iSelect Fund2 shared
Argonautic Ventures2 shared
True Ventures2 shared
Giant Ventures2 shared
Engage Ventures2 shared
M252 shared
Red Cedar Ventures2 shared
Service Provider Capital2 shared
Tech Square Ventures2 shared
Last updated: 7 September 2026