MERCURY CEO gives the official stakes to the founders of the early stage with a fund worth $ 26 million

Participant founder and CEO of MERCURY IMMAD Akhund Today, it announced the launch of a $ 26 million fund to support startups in the early stage, a step that gives its wide date of owners’ investment. Intuition I mentioned this in February.

Akhund has been an active investor for owners since 2016, where he supported more than 350 emerging companies in their early stages. Its portfolio includes companies such as Aartable, Applied Laintuite, Decagon, Gecko Robotics, Linear, Substack and others.

“I love supporting entrepreneurs – whether by building mercury or investment. It gives me energy, perspective and deep satisfaction to help the ambitious founders to build the future. I am allowed to deepen more and more and more retreat,” Tweet Today, also adding that it still focuses 100 % on mercury.

By launching a fund, the CEO of one of the most widely used banking platforms hopes to provide more organized support for the founders with the activation of his investment process. This includes bringing Yash Doshi as a partner, an early Mercury investor cooperated with Akhund in investments for some time.

The fund will focus on the founders who have a “busy record to build influential products”, the target opportunities in the 10 billion dollars or more markets, and start startup startups that follow the solutions of “the progress of humanity”, says the former partner in the previous part of Y Combinator.

This is March, Mercury She raised $ 300 million in primary and secondary financing Evaluating $ 3.5 billion after moneyHer evaluation was doubled from the last time she raised the capital in 2021. SEQUOIA, Coature, CRV, Andressen Horowitz, Spark Capital and MARATHON were investors in that tour.