Investing in Software Entrepreneurs and Innovation Across America

Collide.ai has raised a $5 million seed round to bring GenAI-native tools to the energy sector. The round was led by Mercury, with participation from Bryan Sheffield, Billy Quinn, David Albin, and other leaders from the energy industry. Built by oil and gas veterans, the platform is already used by over 6,000 professionals in 122 countries and helps engineers and operators save up to 33% of their time. Congratulations to Collin McLelland, Chuck Yates, and the entire Collide team.

Congratulations to Plasma and to the founders Paul Faecks and Hans Brehens on its $24M fundraise. Framework Ventures led the round with participation from Bitfinex, Peter Thiel, and Tether CEO Paolo Ardoino. Plasma will use the capital to accelerate the development of its blockchain built on Bitcoin, specifically for Tether’s USDT stablecoin. Plasma will implement zero-fee USDT transaction as part of its strategy to attract stablecoin users to its platform.

In 2024 Plasma acquired Mercury portco Apparatus. Mercury previously led the Apparatus seed and Series A rounds.

Congratulations CEO Michael Provenzano and the entire Vistar Media team on the company’s acquisition by T-Mobile. Vistar is the leading digital-out-of-home (DOOH) content management system for programmatic advertising.

Congratulations to Brad Sawdon, Brian Dessoy and the entire KODE Health team on the close of a $27M Series B. Noro-Moseley Partners led the round, joined by Mercury, FCA Venture Partners, Epsilon Innovation Fund and 111° West Capital. Healthcare admin costs, including coding expenses, account for up to 30% of total U.S. healthcare expenditures. KODE is disrupting the conventional medical coding model with its proprietary, AI-driven platform providing on-demand coders to health systems to accelerate collections and reduce staffing costs.

Arden, the leading platform for consumer engagement and loyalty tokenization, led by Coert Voorhees, has been acquired by LISNR, the leading platform for contactless authentication. Together the companies will redefine marketing through gamification, personalization, and tokenized rewards to create meaningful consumer connections. Mercury led Arden’s Pre-Seed round.

Houston-based SmartAC, the leading customer loyalty platform for HVAC and plumbing contractors, has closed an $8M preferred extension round of financing led by Mercury Fund.  Led by CEO Josh Teekell, SmartAC allows contractors to monitor, manage, and optimize their HVAC and plumbing maintenance memberships through advanced sensors, AI-driven diagnostics and proactive alerts.

Austin-based Buildforce, the leading online talent management platform for the construction industry, continues to expand within the Southeast with its acquisition of YC-backed, Atlanta-based Ladder. With the acquisition, Buildforce gains access to Ladder’s fleet of customers and 10,000 pre-screened electricians.  Congratulations to Buildforce Co-Founder/CEO Moody Heard and the entire team.

Congratulations to MealMe on its Series A close!  MealMe is a ​​restaurant and grocery food delivery API that embeds ecommerce into any website and app with a few lines of code. Any company can seamlessly integrate MealMe’s technology, allowing users to order from over 1 million restaurants, grocery stores, and retailers across North America. The platform currently serves a growing customer base including TripAdvisor, Favor Delivery, and Fantuan Delivery. Congratulations to Co-Founder and CEO Will Said, Co-Founder and President Matt Bouchner and the rest of the MealMe team! The round was led by Mercury with participation from existing investors Palm Drive Capital and Gaingels.  Get all the details in Lauren Forristal’s TechCrunch article.

Congratulations to Dan Caffee, Cade Krueger and the entire Voze team on the close of their $12M Series A.  Gray-collar industries have long been underserved by the tech sector despite being a large segment of the U.S. economy. Voze, an AI enabled sales enablement solution, was built for field sales teams in heavy industry and on average provides a 35% increase in revenue for companies.  Origin Ventures and Mercury co-led the round, joined by Album VC and Pipeline Capital Partners.  Read more in Axios.

Congratulations to ArborXR, led by CEO Brad Scoggin, on its $12M Series A. ArborXR is the Mobile Device Management Platform that is leading the quiet but fast adoption of XR (VR and AR) within enterprise, healthcare, and education. Customers include Bank of America, Delta, Pfizer, Qualcomm, UPS, and Walmart, and the company works with 50 of the Fortune 500 and 50 of the Top 200 Global Universities. Mercury and Cortado Ventures led the round, with participation from Impact Venture Capital and Lewis & Clark Ventures. Read more in TechCrunch.

Congratulations to Cincinnati-based Amify and CEO Chris Mehrabi on it’s acquisition by Cart.com. Amify is a fast-growing provider of Amazon optimization and advertising solutions. The acquisition will strengthen Cart.com’s Amazon marketplace capabilities for mid-market and enterprise brands to meet accelerating demand for omnichannel software, services and logistics. Mercury led both Cart and Amify’s Series A rounds of financing.