TechFlow news — Venture capital firm Mercury Fund has announced the closing of its fifth fund, Mercury Fund V, raising $160 million, marking the largest fundraising round to date for the firm. Mercury Fund stated that the fund will continue its existing investment strategy and has already invested in startups such as Brassica Technologies, which provides transfer services for emerging Web3 innovation institutions.
Launched in January 2022, Mercury Fund’s limited partners include multiple crypto institutions such as Galaxy Digital, Digital Currency Group, Accolade Partners, Evanston Capital, Isomer, Hutt Capital, Multiple Capital, Presight Partners, and Rockaway, as well as individual supporters including a16z co-founder Marc Andreessen, a16z partner Chris Dixon, tech investors Bo Shao and Erik Voorhees. In February this year, the firm appointed Samantha Lewis as a new partner responsible for investments in Web3 and fintech.
