Immad Akhund is the co-founder and CEO of Mercury, a San Francisco-based digital banking platform for startups. See portfolio and contact routes.
Immad Akhund is the co-founder and CEO of Mercury, a San Francisco-based digital banking platform for startups, and previously sold his mobile developer tools company Heyzap for $45 million in 2016 after serving as a part-time partner at Y Combinator. As an angel investor, he formalized his activity by launching the IA Fund to back early-stage startups, focusing on pre-seed and seed stages across fintech, healthcare/medtech, and SaaS sectors while generally avoiding biotech and hard tech. His typical check size ranges from $50,000 to $100,000, and he has invested personal capital in over 350 startups, primarily at their earliest stages. Notable portfolio companies include Airtable, Substack, Rappi, and Deel, with recent investments extending to companies like Enki in educational software. Akhund emphasizes deep vertical knowledge and strong founder-product chemistry as his key criteria, stating that founders must answer any question thoughtfully and engage in meaningful conversations about their topic. He has publicly discussed Mercury’s growth to a $3.5 billion valuation and his strategy of backing operators with deep domain expertise through his $26
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