Mercury Fund announced the completion of its fifth fund's $160 million fundraising.

BlockBeats News, on September 29th, according to bizjournals, venture capital firm Mercury Fund announced that its fifth fund, "Mercury Fund V," has completed a fundraising of $160 million, with an oversubscription of $10 million, making it the largest round of financing completed by the venture capital firm to date. Mercury Fund stated that the fund will continue its existing investment strategy and has already invested in emerging innovative institutions in the Web3 space, such as Brassica Technologies, which provides transfer services.