Mercato Partners

Founded 2007
Founders Alan Hall Greg Warnock

Overview

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 28
Average round size
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The average size of a deal this fund participated in
$18M
Portfolio companies 28
Rounds per year 2.00
Lead investments 7
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.14
Exits 12
Key employees 9
Stages of investment
Early Stage Venture
Late Stage Venture
Private Equity

Areas of investment

  • Software
  • Information Technology
  • Health Care
  • SaaS
  • Enterprise Software
Summary

Mercato Partners appeared to be the VC, which was created in 2006. The venture was found in North America in United States. The leading representative office of defined VC is situated in the Salt Lake City.

Opposing the other organizations, this Mercato Partners works on 0 percentage points less the average amount of lead investments. The typical startup value when the investment from Mercato Partners is 100-500 millions dollars. The fund is constantly included in 2-6 investment rounds annually. The important activity for fund was in 2013. Despite it in 2019 the fund had an activity. The increased amount of exits for fund were in 2011. The usual things for fund are deals in the range of 10 - 50 millions dollars. Speaking about the real fund results, this VC is 44 percentage points more often commits exit comparing to other organizations.

This organization was formed by Alan Hall, Greg Warnock. We also calculated 7 valuable employees in our database.

The usual cause for the fund is to invest in rounds with 3-4 partakers. Despite the Mercato Partners, startups are often financed by vSpring Capital, Thomas Weisel Venture Partners, SV Angel. The meaningful sponsors for the fund in investment in the same round are Rick Alden, Pelion Venture Partners, EPIC Ventures. In the next rounds fund is usually obtained by Sherpa Capital, Shasta Ventures, Menlo Ventures.

For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Among the various public portfolio startups of the fund, we may underline Fusion-io, Altitude Digital, SteelHouse The fund has exact preference in a number of founders of portfolio startups. In case when startup counts 5+ of the founder, the chance for it to get the investment is meager. Among the most popular fund investment industries, there are Enterprise Software, Cloud Computing. Besides, a startup needs to be aged 6-10 years to get the investment from the fund.

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Notable deals

CompanyIndustryRoundRound SizeDateInvestorsLocation

Klover

App Discovery
Apps
Software
1
$60M12 Aug 2021 United States, Chicago

Beam Dental

Dental
Insurance
Loyalty Programs
mHealth
n/a
05 Jan 2021 United States, Columbus

Health Care
Pharmaceutical
SaaS
1
$28M15 Jun 2020 United States, Chicago

Summersalt

E-Commerce
Fashion
Retail
Wearables
1
$17M20 Dec 2019 United States, City of Saint Louis

Health Care
Pharmaceutical
SaaS
1
$7M08 May 2019 United States, Chicago

Cloud Computing
Cloud Data Services
Data Integration
Developer APIs
Enterprise Applications
1
$25M28 Feb 2019 United States, Denver

Kuali

Cloud Data Services
Information Services
Information Technology
Software
1
$12M28 Jan 2019 United States, Lehi

Sphero

Augmented Reality
Consumer Electronics
Gaming
Robotics
Software
1
$12M05 Jun 2018 United States, Boulder

Enterprise
Software
1
$15M23 Jan 2018 United States, St. George
News
Prime Trust Raises $64M Series A

– Prime Trust, a one-stop shop for financial infrastructure for fintech innovators, closed its $64m Series A round.
– Led by Mercato Partners, the round also includes Samsung Next, Nationwide, Commerce Ventures, Ayon Capital, Kraken Ventures, STCAP, s20 Capital, Seven Peaks Ventures, Diverse Angels, University Growth Fund and Nevcaut Ventures.
– Prime Trust is a one-stop-shop for financial infrastructure for fintech and digital asset innovators. They offer core financial service APIs and plug and play widgets that allow companies to launch quickly and scale securely.

GloveBox Receives $3M Early-Stage Investment to Accelerate Growth of Its Mobile and Web Insurance Agent Platform

– GloveBox, a single sign-on mobile platform that brings together insurance agencies, policyholders, and carriers onto one platform, today announced a $3 million early-stage investment.
– The round was led by Mercato Partner’s Prelude Fund, with participation from Heffernan Insurance Brokers, a top 20 agency out of California, as well as other industry veterans.
– The investment will be used to expand features and enhance the functionality of GloveBox’s product, benefiting both agencies and policyholders.
– GloveBox co-founders Ryan and Andy Mathisen, Sean Mulhern, and Alex Rolex created GloveBox based on their experiences at Colorado Insurance.
– They set out to provide a completely tech-forward mobile marketplace that enables independent agencies to win against larger, incumbent carriers.

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