Investing in Software Entrepreneurs and Innovation Across America

Congratulations to Neumora and co-founder and Executive Chairman Paul L. Berns on the company’s IPO and listing on the NASDAQ. Two years ago, Neumora acquired Mercury-backed portco Blackthorn, the leading provider of AI solutions to develop drugs to solve some of the most difficult to treat brain disorders. We are hopeful that in the near future patients will see the benefits of the hard work done by the Blackthorn and Neumora teams.

Austin-based Televet, the modern customer engagement platform for the veterinary industry led by CEO Zeynep Young, has raised a $43M Series B and has rebranded to Otto. As the number of vet clinics declines in the face of a spike in the pet population, Otto’s software enables clinics to improve operations and meet growing pet needs. The round was co-led by Mercury and Hill’s Pet Nutrition with participation from Boehringer Ingelheim.

Chicago-based MSPbots, an AI-technology platform for MSPs founded by CEO Daniel Wang, has raised a $5M Seed round from Mercury. MSPbots provides small and mid-sized MSPs access to enterprise-like technology, leveraging AI to automate tasks and team management.

Houston and Austin-based Cart.com, an end-to-end Ecommerce-as-a-Service (ECaaS) platform for direct-to-consumer brands led by founder and CEO Omair Tariq, closed a $60 million Series C funding round and achieved a $1.2 billion unicorn valuation. Mercury is pleased to have been on this journey with the Cart team since the beginning, as they empower mid-market brands with the same capabilities as the world’s largest retailers so they can get their great products into the hands of amazing customers.

Ann Arbor-based Blumira, a developer of detection and response technology led by CEO Jim Simpson, raised $15 million in Series B funding. Ten Eleven Ventures led the round, and was joined by Mercury, RPS Ventures and HPA. The company also launched its XDR Platform which streamlines security for the SMB market.

Chicago-based Aclaimant, a risk management platform for medium-sized businesses led by CEO/Co-Founder David Wald, announced Kathy Burns as its Executive Chair of the Board. A leader in insurance, risk management and technology, Kathy will be an extraordinary asset to the company as Aclaimant continues to help customers reduce costs and drive productivity.