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Mercury Fund company logo
Venture Capital
mercuryfund.com

Investments

223

Portfolio Exits

22

Funds

8

Service Providers

1

About Mercury Fund

Mercury Fund is a seed-stage venture capital firm that makes equity investments in compelling and novel software and science-based startup opportunities. Mercury partners with extraordinary entrepreneurs to build globally competitive businesses, focusing on technology innovation originating in the U.S. Midcontinent. The firm has a particular interest in startups associated with seed accelerators, incubators and universities. Mercury frequently invests prior to the formation of a business plan or complete management team.

Headquarters Location

3737 Buffalo Speedway Suite 1750

Houston, Texas, 77098,

United States

713-715-6820

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Expert Collections containing Mercury Fund

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Mercury Fund in 1 Expert Collection, including Synthetic Biology.

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Synthetic Biology

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Latest Mercury Fund News

Otto (Formerly TeleVet) To Advance Customer Engagement Platform For Veterinary Clinics With New Funding Round

Sep 7, 2023

Otto (formerly TeleVet) – a leading customer engagement platform for veterinary clinics – recently announced a $43 million Series B round of equity financing. Existing investors Mercury Fund and Boehringer Ingelheim were joined by new investor Hill’s Pet Nutrition in the round. In connection with the funding, Heath Butler, Venture Partner at Mercury Fund, will join Otto’s Board of Directors. Nicki Baty, President and General Manager of Hill’s Pet Nutrition US, will join as a Board Observer. The new funding round comes on the heels of record growth for the company. And Otto has grown its customer base to more than 8,000 veterinary professionals over the last two years. In the past year, Otto has significantly evolved its core communication platform, Flow, including adding a modern payments solution. In April, Otto also launched its revolutionary Care membership plans. The new name and visual brand Otto reflect the company’s expansion beyond telemedicine into a streamlined, comprehensive customer experience. And Otto leads the industry with superior practice management system (PIMS) integrations, including Cornerstone, Neo, AVImark, Impromed, eVetPractice, ezyVet, and more. Otto will automatically communicate with clinics’ PIMS, ensuring that data is complete and accurate while saving critical clinic staff time. Otto’s teams work alongside DVM owners and practice managers to optimize the platform experience and match the individual needs of each clinic. And with an average satisfaction rating of 90%+ for onboarding and support, the company strongly emphasizes customer experience and getting to value quickly. KEY QUOTES: “We’re proud that Otto is one of the fastest-growing veterinary software companies in the country. Our team has worked incredibly hard to deliver value out of the gate with minimum complexity. Our clinics are seeing a 66% faster intake, a 50% reduction in no-shows, a 40% increase in RX sales, and more. With our new investment and partnerships, we are excited to continue our pace of innovation and expand support to more clinics than ever.” — Zeynep Young, CEO of Otto “Otto’s cutting-edge automation and technology solutions empower veterinary clinics to seamlessly manage daily tasks while maintaining the highest standards of care. Hill’s goal is to find innovative ways to both support veterinary healthcare teams and provide more seamless ways to make nutrition recommendations. Otto allows us to accomplish both as we work together to support veterinarians and pet owners alike.” — Nicki Baty, President and General Manager of Hill’s Pet Nutrition US “When we started this company, we aimed to significantly change lives for the better. We help veterinary teams build a modern, resilient clinic with happy clients and healthy boundaries, and we’re excited for the opportunity to continue to innovate and change with the needs of the industry. This is our life’s work, and it shows.” — Steven Carter and Price Fallin, co-founders of Otto Trending on Pulse 2.0

Mercury Fund Investments

223 Investments

Mercury Fund has made 223 investments. Their latest investment was in TeleVet as part of their Series B on August 8, 2023.

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Mercury Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/30/2023

Series B

TeleVet

$43M

No

4

8/7/2023

Series A

Trava

$7.01M

No

1

6/22/2023

Seed VC

MSPbots

$5M

Yes

2

6/13/2023

Series A

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$99M

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10

6/7/2023

Series B

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$99M

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10

Date

8/30/2023

8/7/2023

6/22/2023

6/13/2023

6/7/2023

Round

Series B

Series A

Seed VC

Series A

Series B

Company

TeleVet

Trava

MSPbots

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Amount

$43M

$7.01M

$5M

$99M

$99M

New?

No

No

Yes

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Co-Investors

Sources

4

1

2

10

10

Mercury Fund Portfolio Exits

22 Portfolio Exits

Mercury Fund has 22 portfolio exits. Their latest portfolio exit was Cloudsnap on January 19, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/19/2022

Acquired

$99M

3

1/19/2022

Acquired

$99M

2

12/7/2021

Acquired

$99M

1

9/30/2021

Reverse Merger

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$99M

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10

5/17/2021

Acquired

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$99M

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10

Date

1/19/2022

1/19/2022

12/7/2021

9/30/2021

5/17/2021

Exit

Acquired

Acquired

Acquired

Reverse Merger

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

2

1

10

10

Mercury Fund Fund History

8 Fund Histories

Mercury Fund has 8 funds, including Mercury Fund Ventures IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/19/2019

Mercury Fund Ventures IV

Early-Stage Venture Capital

Open

$82.25M

2

10/10/2018

HX Venture Fund

$99M

10

12/4/2014

Mercury Fund Ventures III

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$99M

10

6/25/2010

DFJ Mercury II LP

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$99M

10

11/1/2009

DFJ Mercury I Annex Fund

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$99M

10

Closing Date

6/19/2019

10/10/2018

12/4/2014

6/25/2010

11/1/2009

Fund

Mercury Fund Ventures IV

HX Venture Fund

Mercury Fund Ventures III

DFJ Mercury II LP

DFJ Mercury I Annex Fund

Fund Type

Early-Stage Venture Capital

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Status

Open

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Amount

$82.25M

$99M

$99M

$99M

$99M

Sources

2

10

10

10

10

Mercury Fund Service Providers

1 Service Provider

Mercury Fund has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

Partnership data by VentureSource

Mercury Fund Team

8 Team Members

Mercury Fund has 8 team members, including current Founder, Managing Director, Blair Garrou.

Name

Work History

Title

Status

Blair Garrou

Founder, Managing Director

Current

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Name

Blair Garrou

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Work History

Title

Founder, Managing Director

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Status

Current

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