Houston Ecommerce blank check company completes $175 million IPO

Mercury Ecommerce Acquisition Corp has completed its $175 million Initial Public Offering. The Special Purchase Acquisition Corporation (SPAC), otherwise known as a blank check company, is seeking companies offering Software-as-a-Service (‘SaaS’) to enterprise customers.

The company has its head office in the Greenway Plaza area of Houston. The company is led by Chairman Blair Garrou, the co-founder and Managing Director of Mercury Fund, an early-stage venture capital firm. Previously, he was the Director of Operations for the Houston Technology Center and led the formation of the Houston Angel Network.

CEO Andrew White currently serves as a Special Limited Partner for Mercury Fund. He also his own investment vehicle where he has grown and sold a couple of businesses. He is the son of former Texas Governor, Mark White (1983-1987) and ran for the Democratic nomination for Governor in 2018, losing in the run-off to Lupe Valdez.

CFO Winston Gilpin is the founding CFO of Mercury Fund. He also is the co-founder of GSqr Consulting where he provides both fund administrative services to small venture funds and accounting services to Houston startups.

S-1 filing – Mercury Ecommerce


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