Mercury CEO Immad Akhund Launches $26M Fund to Back Early-Stage Startups
Wondering about Immad Akhund's latest move in the startup ecosystem? Mercury’s CEO has launched a dedicated $26 million fund focused on backing early-stage founders—a strategic step that not only formalizes his long-running angel investing activities but also strengthens Mercury’s influence in the venture capital world. For entrepreneurs searching for investors passionate about early growth and innovation, Akhund’s new fund represents a golden opportunity.
Having actively invested in startups since 2016, Immad Akhund brings extensive experience to this initiative. Over the years, he has backed more than 350 early-stage companies, with standout names like Airtable, Applied Intuition, Decagon, Gecko Robotics, Linear, and Substack populating his impressive portfolio. His track record signals a clear commitment to supporting ambitious founders at the very beginning of their journeys.
“I love supporting entrepreneurs—whether it’s through building Mercury or investing,” Akhund shared in a recent announcement. “It gives me energy, perspective, and deep satisfaction to help ambitious founders build the future.” Despite launching this fund, Akhund reassures stakeholders that he remains fully committed to Mercury, one of the most trusted business banking platforms globally.
The newly launched $26 million fund will allow Akhund to provide more structured and scalable support to the next generation of entrepreneurs. To help operationalize the fund's investments and processes, Akhund has brought on Yash Doshi as a partner. Doshi, an early backer of Mercury, has collaborated closely with Akhund on previous investments, making him a natural fit for this expanded venture.
Focused on startups with a proven track record of building impactful products, the fund is particularly interested in companies targeting markets valued at $10 billion or more. Akhund also emphasized backing founders who are pursuing groundbreaking solutions designed to "advance humanity"—a clear nod toward high-impact innovation and future-proof industries like fintech, healthtech, AI, and sustainability.
This move comes on the heels of Mercury’s own successful fundraising efforts. In March 2025, Mercury secured $300 million in primary and secondary funding at a staggering $3.5 billion post-money valuation—doubling its 2021 valuation. Heavy-hitter investors like Sequoia Capital, Coatue Management, CRV, Andreessen Horowitz, Spark Capital, and Marathon Ventures contributed to the round, underscoring Mercury’s robust position in the fintech landscape.
For early-stage founders seeking not just funding but also strategic mentorship and deep ecosystem connections, Mercury’s CEO-backed fund presents a highly attractive option. With Akhund’s proven eye for success and Mercury’s continued dominance in business banking solutions, this $26 million initiative could be a launchpad for the next wave of industry leaders.
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