The fifth fund of the venture capital firm Mercury Fund has completed fundraising of $160 million

ChainCatcher news, according to bizjournals, venture capital firm Mercury Fund announced the completion of its fifth fund, Mercury Fund V, raising $160 million, with an oversubscription of $10 million, making it the largest round of financing the firm has completed to date.

Mercury Fund stated that the fund will continue its existing investment strategy and has already invested in startups such as Brassica Technologies, which provides transfer services for emerging Web3 innovation institutions.