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VENTURE CAPITAL<br />
Mercury Fund<br />
www.mercuryfund.com<br />
303 Detroit Street, Suite 100<br />
Ann Arbor, MI 48104<br />
HEADQUARTERS:<br />
1 E. Greenway Plaza<br />
Houston, TX 77046<br />
M E M B E R<br />
Michigan<br />
Accelerator<br />
Fund I<br />
www.maf-1.com<br />
HEADQUARTERS:<br />
140 Monroe Center NW, Suite 300<br />
Grand Rapids, MI 49503<br />
M E M B E R<br />
Staff:<br />
ADRIAN FORTINO - Partner<br />
adrian@mercuryfund.com 734-223-3051<br />
BLAIR GARROU - Partner<br />
DAN WATKINS, PHD - Partner<br />
NED HILL - Partner<br />
AZIZ GILANI - Partner<br />
DANNY JANIAK - Partner<br />
WINSTON GILPIN - CFO<br />
Michigan Investment Professionals: 1<br />
Worldwide Investment Professionals: 6<br />
Assets Under Management:<br />
$200,000,000<br />
Funds Managed (Current and Historical): 3<br />
Actively Investing? Yes<br />
Firm Overview:<br />
Mercury Fund is a seed and early-stage venture capital firm founded<br />
in 2005. With over $200 million under management, Mercury<br />
invests in compelling and novel software and science-based startup<br />
opportunities, focusing on technology innovation originating in the<br />
U.S. Midcontinent.<br />
Preferred Initial Investment Amount:<br />
$250,000 to $2,000,000<br />
Industry Sectors:<br />
Life Information Alternative Adv Materials Business Consumer<br />
Sciences Technology Energy Media & Manufacturing Services Products Other<br />
Staff:<br />
JOHN KERSCHEN - Managing Director<br />
jkerschen@chartercapitalpartners.com 616-235-3567<br />
DALE GROGAN - Managing Director<br />
dgrogan@chartercapitalpartners.com 616-235-3567<br />
Michigan Investment Professionals: 3<br />
Worldwide Investment Professionals: 3<br />
Assets Under Management:<br />
$15,128,000<br />
Funds Managed (Current and Historical): 2<br />
Actively Investing? Yes<br />
Firm Overview:<br />
Michigan Accelerator Fund I invests in promising early stage<br />
Michigan-based companies, with the goal of achieving significant,<br />
long-term capital appreciation for investors. Prime investment<br />
candidates have novel, potentially game-changing technologies,<br />
are capital efficient, have near-term market impact, and fill an<br />
unmet market need.<br />
Preferred Initial Investment Amount:<br />
$750,000<br />
Industry Sectors:<br />
Life Information Alternative Adv Materials Business Consumer<br />
Sciences Technology Energy Media & Manufacturing Services Products Other<br />
Life Science Subsector:<br />
Healthcare Animal Health/<br />
Pharmaceuticals Devices Diagnostics Biotechnology Services Agriculture Other<br />
Life Science Subsector:<br />
Healthcare Animal Health/<br />
Pharmaceuticals Devices Diagnostics Biotechnology Services Agriculture Other<br />
Information Technology Subsector:<br />
Hardware Software Services Other<br />
Information Technology Subsector:<br />
Hardware Software Services Other<br />
Stages of Investment:<br />
Idea & Pre-Seed Seed Early Growth Mezzanine<br />
Stages of Investment:<br />
Idea & Pre-Seed Seed Early Growth Mezzanine<br />
Portfolio & Firm Highlights:<br />
1 In the first quarter of 2015, Mercury led a $5M Series A investment<br />
round in Ann Arbor-based Sight Machine.<br />
2 In the final quarter of 2014, Kleiner Perkins led the $15M Series C<br />
funding round of Ambiq Micro.<br />
DENOTES MICHIGAN SEATED<br />
Portfolio & Firm Highlights:<br />
1 MAF-1 has grown a vibrant portfolio, including seven active<br />
portfolio companies as of 2014: Ablative Solutions, Intervention<br />
Insights, Metabolic Solutions Development Company, nanoRETE,<br />
Swift Biosciences, Tissue Regeneration Systems, and Vestaron. The<br />
Fund expects to invest in one or two additional companies in 2015.<br />
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