Co -founder and general director of Mercury Immad Akhund Today he announced the launch of a fund value $ 26 million for early start-ups, which formalizes its extensive history of investing angels. Axios first reported in February.
Akhund has been an energetic investor an angel since 2016, supporting over 350 startups at their earliest stages. His portfolio includes, among others, corporations resembling Airtable, Applied Intuition, Decagon, Gecko, Linevo and Suback.
“I love to support entrepreneurs – regardless of whether it is about building mercury or investing. It gives me energy, perspective and deep satisfaction to help the ambitious founders in building the future. The dedicated fund allows me to pass the founders more significantly”, he is Tweet Today, adding that it is still 100% focused on mercury.
When launching a fund, general director of one of the mostly used business banking platforms around the world, he hopes to supply founders with more structured support, while operating its investment process. This includes bringing Yash Doshi as a partner, an early investor in Mercury, who has been cooperating with Akhund regarding investment for some time.
The fund focuses on the founders with “proven achievements in the field of building influential products”, goal possibilities on markets value $ 10 billion or more, in addition to backyards implementing solutions “developing humanity”, says the former partner in the combinator.
In March, Mercury collected $ 300 million in primary and secondary financing with a valuation value $ 3.5 billion after receiving money, double its valuation from the last, when he raised capital in 2021. (*26*), Coatue, CRV, Andreessen Horowitz, Spark Capital and Marathon were investors in this round.