Announcing Inflection's $40M Fund II
Exploring new frontiers where the collective benefits from open access to markets, data and knowledge while the sovereign individual is empowered through privacy and ownership.
BOSTON, 19TH JANUARY, 7AM: Inflection, the early stage venture firm today announced the launch of Inflection Mercury, a $40.7m fund that will continue to build and invest into the open economy. The fund's limited partners include Accolade Partners, Evanston Capital, Isomer, Hutt Capital, Multiple Capital, Christian Angermayer's Presight Partners, Galaxy Digital, DCG, Rockaway as well as Marc Andreessen, Chris Dixon, Bo Shao and Erik Voorhees amongst many others.
The thesis-driven, first check venture capital firm typically invests between $0.5m and $1.5m, often committing to a decade-long growth plan. It has a unique, community-centric investment approach by sharing an ownership stake in the fund with its portfolio founders and innovator communities. Taking concentrated positions in equity and digital assets alike (private instruments and public crypto market exposure) allows the team to support portfolio founders around go-to-market strategies as well as the provision of key tools and services necessary to bootstrap open source networks and communities. The firm’s team members are spread across Boston, Berlin, Munich, Madrid and Denver enabling them to innovate globally and build bridges across the atlantic.
Inflection Mercury has been launched following success in a number of investments that date back to early 2019 such as Balancer - the programmatic asset management protocol, Radicle - a peer-to-peer code collaboration platform or Anytype - an operating environment built on web3. More recently and as part of the new Mercury fund’s portfolio, Inflection invested into companies such as Unstoppable Finance - a neo bank run on DeFi rails, Violet - the Ethereum-based identity protocol, Defined - the open data engine for web3 or Catalog - an open archive for music powered by NFTs. Besides growing the portfolio, Inflection will continue its team expansion around data science and engineering roles.
Alexander Lange, GP and founder of Inflection, said
“The launch of our new Mercury fund reinforces our commitment to invest in the future of an internet native, open economy. Alongside our founders we explore new frontiers where the collective benefits from open access to markets, data and knowledge while the sovereign individual is empowered through privacy and ownership.
As a startup company ourselves, we are deeply grateful for the opportunity to work with exceptionally talented founders, as well as having limited partners and co-investors that are perfectly aligned with our vision to create an ecosystem in which innovation can thrive. We are excited about the future of the open economy and it’s transformative effects on social coordination, public services, financing and privacy.”
Founded in early 2019 Inflection (inflection.xyz) is a first check venture firm investing into the open economy. It is run by a team of seasoned venture investors and entrepreneurs with diverse backgrounds based out of Boston, Berlin, Munich, Madrid and Denver. Inflection is complemented by a global network of innovators who are holding an ownership interest in the fund.