Mercury Fund partners with ambitious founders who are transforming markets, industries, and customer relationships through breakthrough innovation in AI, blockchain, and other frontier technologies.
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Who we are
About Us
We partner with domain-experts who have a deep understanding of their industries. They’re the founders who are solving real problems in real markets, and who have earned the right to win.
Dave Sutter is the co-founder & CEO of OpenTrade. Mercury made early bets on blockchain and the tokenization of RWAs, and were eager to partner with Dave to bring synthetic yield to the stablecoin market.
Omair Tariq is the co-founder & CEO of Cart.com. We were early believers in Omair’s vision to disrupt the ecommerce logistics industry, and are proud to partner with him and his team on this journey.
Sassie Duggleby is the co-founder and CEO of Venus Aerospace. Venus is revolutionizing rocket engine propulsion with the first fundamental improvement in rocket engine technology in over 60 years.
Phil Sitter is the founder & CEO of RepeatMD, the leading AI enhanced platform for the MedSpa industry. We backed Phil early because of his earned insight into the rapidly growing aesthetics market.
Angela Holmes is the founder & CEO of Omniscience, a ground-breaking AI control tower for managing clinical trial data. We partnered with Angela to launch Omniscience due to her industry network, experience and unique product vision.
Explore what our portfolio companies are building
May 2026
OpenTrade Closes $17M Strategic Round
Mercury Fund is proud to continue backing OpenTrade, co-leading their $17M strategic round alongside Notion Capital. OpenTrade is building the rails that let fintechs, neobanks, and exchanges offer institutional-grade stablecoin yield products without building the underlying stack themselves.
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May 2026
2026 Early-Stage Go-To-Market Report
Mercury launched the second annual Early-Stage GTM Report developed with input from 125+ B2B GTM leaders. This year's data captures how AI is reshaping the way teams are built and run, including: which roles are being augmented with AI, how the inbound playbook is under pressure, and that capital efficiency is improving.
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March 2026
Cart.com Closes $180M Round to Expand AI Capabilities within eCommerce Enablement
Growth-equity investor, Springcoast Capital, led a $180M equity round into Cart.com which plans to expand its use of AI to give more businesses access to agentic logistics infrastructure they can’t build alone.
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January 2026
BitGo IPOs on the NYSE
BitGo went public as the first IPO of 2026, with shares trading on the NYSE under the ticker BTGO.
This marks a major step for the industry and points to the institutionalization of blockchain and crypto. BitGo acquired Mercury portfolio company Brassica in 2024, expanding its escrow and custodial infrastructure capabilities.
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september 2025
Plasma Launches Mainnet and XPL with $2B TVL
Mercury portfolio company Plasma, a Bitcoin sidechain focused on stablecoins, launched its mainnet and native token XPL. At launch, the platform recorded $2B in stablecoin TVL, positioning Plasma as a top 10 blockchain.
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