Blair Garrou spent his early career in investment banking, credit analysis, and auditing before becoming CEO of Intermat and a principal at Genesis Park, then co-founded Mercury Fund in 2005 on the premise that innovation is not a coastal phenomenon - building the firm into one of the most active early-stage investors across the U.S. Midcontinent. Mercury's portfolio has produced exits including Performix, acquired by Honeywell in 2021, and PactSafe, acquired by Ironclad. Garrou closed Mercury's $160 million Fund V in 2023 and has led the firm's recent expansion into defense and frontier technology, including a major financing for Venus Aerospace.
Performix's acquisition by Honeywell in 2021 - one of several strategic exits in Mercury's two-decade Midcontinent-focused portfolio, alongside PactSafe's acquisition by Ironclad