Mode VC
Active Oct 14Texas

Mercury Fund

Mercury Fund, based in Texas, backs Pre-Seed and Seed startups in vertical AI, fintech, healthtech, and more, writing checks from $100k to $10M, and mostly leads rounds.

Website LinkedIn XPortfolioPitch pageTeam page
Entry stagePre-seed, Seed
Check size$100K to $10M
Leads roundsYes
FocusVertical AI, Crypto, Fintech, Healthtech, Dev tools and infra, Industrial, Marketplaces, Logistics and mobility, Climate, Proptech, Defense and space
Latest fundn/a
Investing team7 people1 activity update, latest Oct 14

Who you would pitch at Mercury Fund

7 people on the investing team, 6 of them partners who can make the call. Partners are listed first.

Blair Garrou
Blair GarrouManaging PartnerHe has held leadership roles at several firms and is an Adjunct Professor at Rice Jones School of Business.
Adrian Fortino
Adrian FortinoPartner
Aileen Allen
Aileen AllenPartnerShe previously held marketing roles at Atlassian, Gremlin, Vanta, and Tailscale, and serves on boards.
Aziz Gilani
Aziz GilaniPartnerHe invests in healthcare IT, DevOps, and cybersecurity, and has held advisory roles including SXSW and the NVCA board.
Heath Butler
Heath ButlerPartnerHe previously founded Gestalt Theory Venture Partners and held leadership roles at Insperity, EnergyWorkspace.com, Travelers Group, and UPS.
Samantha Lewis
Samantha LewisPartnerFocus: fintech and blockchain.
Alex Gras
Alex GrasPrincipalFocus: AI in legacy industries.

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Writes $100K to $10M checks. Its smallest check is larger than 5% of firms in the atlas.

Bars: how many firms in the atlas report each band. Highlighted: this firm.

1 activity update since September, latest Oct 14.

Weekly count of activity updates. Activity is not a confirmed deal.

Before you pitch

How to reach them[email protected]

Notable investments

Cart.comIroncladBitGoBenson HillVenus AerospaceNeumora

In their words

Mercury FundMercury Fund partners with ambitious entrepreneurs who are transforming markets, industries, and customer relationships through breakthrough innovation in AI, blockchain,www.mercuryfund.com
Founders and investors at a Mode VC gathering

Send Mode VC your deck

Raising a pre-seed or seed round? We write $1M to $5M first checks and help founders with distribution. A partner reads every deck.

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Alert me when Mercury Fund is active

One email when this firm shows new activity. Nothing else.

Firms like Mercury Fund

New Stack Ventures$500K to $3M
SubstanceUp to $500K
Alpaca VC$500K to $3M · active Sep 22
Lateral Frontiers$250K to $1M
Munich Re Ventures$500K to $10M
Analog Ventures$500K to $3M

On these lists

Seed industrial investors in Texas11Seed healthtech investors in Texas10Seed climate investors in Texas9Pre-seed industrial investors in Texas8Seed investors in United States2836Pre-seed investors in United States1561Seed healthtech investors287Seed fintech investors225

Questions

What stage does Mercury Fund invest in?

Mercury Fund reports entry at pre-seed, seed.

How much does Mercury Fund invest?

Mercury Fund reports checks of $100K to $10M.

Does Mercury Fund lead rounds?

Yes. Mercury Fund says it can lead.

Who are the partners at Mercury Fund?

Blair Garrou (Managing Partner), Adrian Fortino (Partner), Aileen Allen (Partner), Aziz Gilani (Partner), Heath Butler (Partner), Samantha Lewis (Partner).

Is Mercury Fund active right now?

Mercury Fund has shown 1 activity update since September 2026, the latest on 2026-10-14.

Work at Mercury Fund? Claim or correct this profile.