Immad Akhund is the founder of a newly launched $26 million solo GP venture fund focused on early-stage investments in startups building bold, ambitious products in massive markets. Best known as the co-founder and CEO of Mercury, a business banking platform with over 100,000 customers, Akhund has been an active and prolific angel investor since 2016. With more than 350 early-stage startups backed over the past decade, his new fund is a formal extension of that investing activity, giving structure, strategy, and staying power to his long-running support of breakout founders.
The fund is focused on backing pre-seed and seed-stage startups led by founders with a proven ability to execute.
Akhund looks for three key ingredients in founders:
The investment strategy is conviction-driven and founder-first, shaped by Akhund’s own experience as both a founder and early investor.
He and Partner Yash Doshi - an early supporter of Mercury and longtime investing collaborator - work closely with founders to provide capital, strategic advice, and network access during the critical early innings of company building.
In May 2025, Immad Akhund announced the close of his debut $26 million fund. The vehicle marks the transition from prolific angel investing to a more institutionalized model, allowing Akhund to deepen his involvement with founders and build a portfolio with long-term structure.
The fund is designed to write early, high-conviction checks into breakout-potential companies, with a bias toward bold product visions, founder-market fit, and long-term impact.
While relatively small by venture standards, the fund is backed by Akhund’s personal reputation, track record, and extensive network across Silicon Valley.
Akhund’s prior investments, such as Airtable, Linear, Gecko Robotics, Substack, Rippling, and Applied Intuition, underscore his ability to spot and support generational founders before the crowd.
Though Mercury remains his main focus, Akhund views this fund as an extension of his mission to support founders. By operationalizing his investing through a formal vehicle, he is now able to offer a deeper level of support while maintaining the speed, agility, and founder empathy that characterized his angel activity.
Yash Doshi’s involvement further strengthens the fund’s ability to deploy capital strategically and support founders across sectors.
Akhund’s investment philosophy is guided by optimism about the future and an ambition to back companies solving real, systemic problems. His fund does not focus on any one vertical but instead prioritizes ambition, clarity of vision, and scale of opportunity.
Notable Investments
Although this is a new fund, Akhund’s angel portfolio includes some of the most well-regarded startups of the last decade, including:
These companies span verticals but are unified by strong founders building transformational products early in their lifecycle.
Notable Exits
As this fund is newly launched, exits are not yet available. However, Akhund’s angel portfolio includes multiple companies that have scaled into unicorns, raised from top-tier VCs, and achieved massive market reach, reinforcing his track record as a high-caliber early investor.
