Heath Butler grew up helping run his family's retail stores in the French Quarter of New Orleans, and that experience shaped his belief that money is a tool rather than the goal, along with his focus on the future of work after 14 years at Insperity, his mindful startups and go slow to grow fast approach as host of Mercury's podcast by the same name, and his advice for founders to fall in love with the problem, not the solution. He also co-founded Urban Capital Network to help connect minority entrepreneurs with venture firms and is known for supporting Mercury's work with entrepreneurs of color and female entrepreneurs.
About their Fund
Sectors
SaaS, AI, Fintech, Data, Enterprise
Rounds
Pre-Seed - Series A
Avg Check Size
$1M–$5M; Pre-Seed $100K
Notable Investments
Mercury is a venture fund that focuses specifically on SaaS and data-platform founders in smaller tech markets outside Silicon Valley and other coastal hubs, betting that founders who understand local industries will lead the next wave of vertical AI companies. It backs this focus with structured support such as the Mercury Method, OpsHygiene, an in-house AI lab called Quicksilver Labs, and liquidity planning that starts 18-24 months before a company is ready for M&A, while also investing in overlooked real-economy sectors like energy, industrials, healthcare, construction, manufacturing, and defense.
Other partners at the fund
Notable Fund
Investments
No items found.
Sheets they're in
No items found.
Sheets they're Fund is in
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Popular Investors
investor name
Active in
Rounds
Avg. Check
Links
Deeptech / Hardware
Robotics
Biotech
+
12
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Defense
Deeptech / Hardware
Energy
+
7
View more in profile...
Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Defense
Deeptech / Hardware
Energy
+
7
View more in profile...
Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Biotech
Health
Deeptech / Hardware
+
2
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
$250K - $2M
Unknown
Climate
Deeptech / Hardware
Materials
+
4
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
$400K - $1.5M
Unknown
Deeptech / Hardware
Robotics
Biotech
+
7
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Deeptech / Hardware
Robotics
Biotech
+
2
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
~$750K
Unknown
Fintech
Deeptech / Hardware
Devtools
+
2
View more in profile...
Unknown
Pre-Seed - Series A
Unknown
$250K-$1M
Unknown
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