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Mercury Fund is a seed and early-stage venture capital firm. The firm’s total capital under management is $200 million. Mercury selectively invests in promising software and science-based startup opportunities and has a focus on technology innovation in the U.S. Mid-continent. According to co-founder Blair Garrou “innovation doesn’t only happen on the coasts.”
The fund was founded in 2005 by Blair Garrou and Dan Watkins who are still among five partners that now direct the firm. Their previous two funds totaled $20 million and in 2006, $70 million respectively in 2010, and $105 million in their 2014. From this third round of funding fund they made initial investments between $10050,000 and $2 million with designs to fund up to $5 million over the life of a company.These investments also include some mentorship and networking for clients and talent. The fund also prefers working with startups that have come through local accelerators, with one of the reasons being that Mercury has developed relationships with many, some even helping to found. http://mercuryfund.com/ http://www.xconomy.com/texas/2014/12/05/houston-venture-capital-firm-mercury-fund-closes-105m-third-fund/ =Locations===Primary Offices=====Houston=== One Greenway Plaza Suite 930 Houston, TX 77046 ===Ann Arbor===303 Detroit Street Suite 100 Ann Arbor, MI 48104 ===San Diego===1025 Prospect St. Suite 390 La Jolla, CA 92037 ==Secondary Offices== ===Austin===Sechstars Austin 412 Congress Ave. Austin, TX 78701 ===Cincinnati=== Centrifuge 299 E 6th St Cincinnati, OH 45202 ===Chicago=== 1871 222 W. Merch Mart Chicago, IL 60654
