Investing in Software Entrepreneurs and Innovation Across America

Texas and Wyoming-based Brassica, led by founder and CEO Youngro Lee, raised an $8 million Seed round. The round was led by Mercury with participation from Valor Equity Partners, Long Journey Ventures, NGC Fund, Neowiz, Broadhaven Ventures, Armyn Capital, and VC3DAO.

Falls Church, VA-based health-tech company careviso, led by Co-Founder and CEO Andrew Mignatti, raised a $17.4M Series B. The round was led by Ballast Point Ventures with participation from existing investors Mercury and Lytical Ventures.

Austin-based Topl, the world’s only blockchain built to track and monetize social impact initiatives, has closed a $15M Series A round. Mercury co-led this investment with Republic Asia and Cryptology Asset Group. Topl’s blockchain is in use by dozens of brands and industrial companies to track the provenance of products from conflict-free diamonds to ethically sourced coffee and fair-wage cocoa.

TechCrunch ran a feature on Topl—click “read more” below to see it.

Austin-based Spruce, an app platform that arranges on-demand housekeeping and other services for apartment properties, has raised a @26M Series B led by Sweat Equity Partners and SoftBank, with participation from Mercury, Seamless Capital, Fitz Gate Ventures, Raven One Ventures, and New Age Ventures. In addition, the company announced the hiring of Spruce board member Steven Pho as CEO. Pho had previously been an executive with HEB-Favor Delivery and RetailMeNot.

Philadelphia-based supply chain integration platform Chain.io, led by Founder and CEO Brian Glick, closed an $11M Series A financing round. The round was co-led by Fontinalis Partners and High Alpha, with participation from existing investors Mercury, Grand Ventures, Eve Atlas, and Waybury Capital. Mercury had co-led Chain’s Seed round.