
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 7 prior). Average disclosed round size is $22.0M (across 91 rounds with reported amounts).
Portfolio
68
Fund Size
$160M
Top Stage
Series A
Last 12 Mo
3
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
96 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| QQueen One | Unknown | $25M | Aug 2026 |
| Unknown | $90M | Jul 2026 | |
| Seed | $3.3M | Mar 2026 | |
| Unknown | $3M | Jan 2026 | |
| Unknown | $25M | Jan 2026 | |
| Series B | $13.5M | Sep 2025 | |
| Seed | $5.5M | Jul 2025 | |
| Series A | — | Jun 2025 | |
| Pre-Seed | $10.6M | Jun 2025 | |
| Seed | $5M | Apr 2025 | |
| Series A | $10.6M | Jan 2025 | |
| Series A | $8M | Oct 2024 | |
| Series A | — | Oct 2024 | |
| Seed | $4.0M | Sep 2024 | |
| Series A | $12M | Aug 2024 | |
| Seed | $1.2M | Jul 2024 | |
| Series A | $21.5M | May 2024 | |
| Seed | $1.2M | Jan 2024 | |
| Series A | $12M | Jan 2024 | |
| Series C | $9M | Oct 2023 | |
| Series B | $43M | Aug 2023 | |
| Series B | $15M | Jun 2023 | |
| Series B | $10M | May 2023 | |
| Seed | $8M | Apr 2023 | |
| Seed | — | Feb 2023 |
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Top Co-Investors
Y Combinator11 shared
GV11 shared
Prelude Ventures8 shared
Fall Line Capital8 shared
iSelect Fund8 shared
S2G Ventures7 shared
Argonautic Ventures6 shared
Charge Ventures5 shared
Alexandria Venture Investments5 shared
Jump Capital4 shared
Louis Dreyfus Company4 shared
Wheatsheaf4 shared
Elevate Ventures4 shared
Techstars4 shared
Full In Partners4 shared
FundersClub3 shared
Battery Ventures3 shared
La Caisse3 shared
CMCC Global3 shared
a16z crypto3 shared
Last updated: 20 October 2026