Odaily Planet Daily News Venture capital institution Mercury Fund announced that its fifth fund, Mercury Fund V, has completed a fundraising of US$160 million, which is the largest round of financing completed by the venture capital to date. Mercury Fund stated that the fund will continue its existing investment strategy and has currently invested in startups such as Brassica Technologies that provide transfer services for emerging innovative institutions in Web3. (bizjournals)
According to previous news, Mercury Fund was launched in January 2022, and its limited partner investors include multiple crypto institutions, such as Galaxy Digital, Digital Currency Group, Accolade Partners, Evanston Capital, Isomer, Hutt Capital, Multiple Capital, Presight Partners and Rockaway, as well as individual supporters a16z co-founder Marc Andreessen and a16z partner Chris Dixon, technology investors Bo Shao and Erik Voorhees, among others.