DFJ Mercury, a seed and early-stage venture capital firm investing in IT, advanced materials, and bioscience companies, had closed DFJ Mercury Fund II with USD70m in total commitments.
As part of Fund II, several new institutional investors joined the support already provided by DFJ Mercury Fund I’s high-net-worth and family office investors.
The closing of Fund II brings the firm’s total capital under management to USD100m.
“DFJ Mercury has a core focus on technology transfer and incubation, with many of our investments originating through partnerships with universities, research institutions and regional technology incubators,” says Blair Garrou, managing director of DFJ Mercury. “With the new fund, DFJ Mercury will continue its strategy of seeding and incubating the most promising start-ups and entrepreneurs in the technology ecosystems of Texas, Colorado, Illinois and Michigan.”
DFJ Mercury Fund II will target a total of 15 to 18 investments, initially committing between USD100,000 and USD1,500,000 per company, up to a total of USD4m over the life of a company.
To date, DFJ Mercury Fund II has made seven series A investments, including: ShareThis, a web content sharing platform; ActaCell, a maker of high-power Lithium-ion battery technology for the automotive market; Graphic.ly, a digital content delivery system and community platform for comics and related merchandise; and Macheen, a provider of cloud services for connected devices.
