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Mercury’s CEO formalizes bets on early-stage founders with a $26M fund
Mercury CEO Immad Akhund launches $26 million fund to back early-stage startups, formalizing his extensive history of angel investing.
Mercury co-founder and CEO Immad Akhund today announced the launch of a $26 million fund to back early-stage startups, a move that formalizes his extensive history of angel investing. By launching a fund, the chief executive of one of the most widely used business banking platforms globally hopes to provide more structured support to founders while operationalizing his investment process. The fund will focus on founders with a “proven track record of building impactful products,” target opportunities in markets valued at $10 billion or more, and back startups pursuing solutions “advancing humanity,” says the ex-part-time partner at Y Combinator.
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