• Mercury CEO Immad Akhund launches a $26M early-stage venture fund, with Yash Doshi as partner.
  • Akhund has previously backed 350+ startups, including Rippling and Substack.
  • The fund targets exceptional founders in large markets pursuing impactful ideas.

Immad Akhund, CEO of fintech firm Mercury, has announced the launch of a $26 million venture fund dedicated to early-stage investments.

While Mercury remains his primary focus, Akhund is formalising his angel investing track record-having backed over 350 startups since 2016, including Rippling, Airtable, Rappi, Substack, and more.

With longtime collaborator Yash Doshi joining as a partner, the new fund will allow Akhund to support founders more deeply and operationalise his approach

Akhund’s investment philosophy centres on exceptional founders building in massive markets and pursuing ideas that are essential for humanity’s progress.

The fund’s launch comes as Akhund continues to champion entrepreneurs, both through Mercury and now with a dedicated capital pool.

Doshi, who has extensive experience in early-stage venture and has invested alongside top firms like Sequoia and a16z, will help steer the fund’s global portfolio.

The fund aims to provide meaningful backing to ambitious founders, leveraging Akhund and Doshi’s combined expertise and networks.

Edited by Annette George