A Houston-based venture capital firm that has raised more than $100 million for its newest fund is to announce Monday that it has opened an office in Ann Arbor and recruited Adrian Fortino, formerly a vice president at Invest Detroit, to run it.
Blair Garrou, a partner and co-founder of Mercury Fund, said that his firm has big plans for the Michigan office. He said that not only will the new fund invest in local early-stage high-tech companies, but it plans to move here other Midwest companies in which it invests.
Image: Adrian Fortino