News Summary

Immad Akhund, co-founder and CEO of Mercury, has announced the creation of a $26 million fund aimed at supporting early-stage startups. This initiative formalizes Akhund’s extensive background in angel investing, having previously supported over 350 startups since 2016. The fund will focus on founders with a proven track record of building impactful products and will target opportunities in markets valued at $10 billion or more. The fund will also prioritize startups working on solutions that advance humanity. Akhund’s move to establish a dedicated fund reflects his commitment to providing structured support to ambitious founders while continuing his work at Mercury, a leading business banking platform.