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Meritage Funds

Founders David Solomon Jack Tankersley

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Investments

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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.

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Total investments 40
Average round size
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The average size of a deal this fund participated in
$21M
Portfolio companies 22
Rounds per year 1.67
Lead investments 9
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.45
Exits 7
Key employees 5
Stages of investment
Early Stage Venture
Late Stage Venture
Private Equity

Areas of investment

  • Information Technology
  • Software
  • E-Commerce
  • Telecommunications
  • SaaS
Summary

In 1998 was created Meritage Funds, which is appeared as VC. The company was established in North America in United States. The leading representative office of defined VC is situated in the Denver.

Opposing the other organizations, this Meritage Funds works on 13 percentage points less the average amount of lead investments. Speaking about the real fund results, this VC is 7 percentage points more often commits exit comparing to other organizations. The typical startup value when the investment from Meritage Funds is 100-500 millions dollars. The top activity for fund was in 2008. Despite it in 2019 the fund had an activity. The higher amount of exits for fund were in 2009. The fund is generally included in less than 2 deals every year. The common things for fund are deals in the range of 10 - 50 millions dollars.

The standard case for the fund is to invest in rounds with 3-4 partakers. Despite the Meritage Funds, startups are often financed by Sweetwater Capital, Centennial Ventures, Bank of Montreal (BMO). The meaningful sponsors for the fund in investment in the same round are Centennial Ventures, Sweetwater Capital, Stolberg Equity Partners. In the next rounds fund is usually obtained by Centennial Ventures, Intel Capital, Charterhouse Strategic Partners.

The current fund was established by David Solomon, Jack Tankersley. We also calculated 6 valuable employees in our database.

The fund has exact preference in a number of founders of portfolio startups. If startup sums 4 or 5+ of the founder, the chance for it to be financed is low. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. We can highlight the next thriving fund investment areas, such as Information Services, Internet. Besides, a startup requires to be at the age of 6-10 years to receive the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight NuVox, IP Commerce, Faction.

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These funds often invest in the rounds preceeding the rounds of Meritage Funds:
Typical Co-investors
Meritage Funds is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Meritage Funds:

Funds with similar focus

Funds from United States
Funds with similar focus located in United States:
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Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Faction

IaaS
Information Services
Information Technology
Software
$14M03 Apr 2019 Denver, Colorado, United States

SmartSky Networks

Communication Hardware
Telecommunications
Web Hosting
Wireless
$43M06 Feb 2019 Charlotte, North Carolina, United States

Faction

IaaS
Information Services
Information Technology
Software
$18M15 Mar 2018 Denver, Colorado, United States

Faction

IaaS
Information Services
Information Technology
Software
$5M25 Jan 2018 Denver, Colorado, United States

CaliberMind

Artificial Intelligence
B2B
Machine Learning
Marketing Automation
Natural Language Processing
SaaS
Sales Automation
$1M26 Oct 2016 Boulder, Colorado, United States

IP Commerce

Accounting
Cloud Computing
E-Commerce
Payments
SaaS
Small and Medium Businesses
Software
21 Jan 2016 Denver, Colorado, United States

Faction

IaaS
Information Services
Information Technology
Software
$6M15 Dec 2015 Denver, Colorado, United States

Datavail

Hardware
Software
$4M06 Sep 2012 Colorado, United States

EdgeConneX

Content
Infrastructure
Web Hosting
$7M30 Jun 2012 Virginia, United States

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Total investments 40
Average round size 21M
Rounds per year 1.67
Peak activity year 2002
Lead investments 9
Follow on index 0.45
Exits 7
Group Appearance index 0.90

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Faction

IaaS
Information Services
Information Technology
Software
$14M03 Apr 2019 Denver, Colorado, United States

SmartSky Networks

Communication Hardware
Telecommunications
Web Hosting
Wireless
$43M06 Feb 2019 Charlotte, North Carolina, United States

Faction

IaaS
Information Services
Information Technology
Software
$18M15 Mar 2018 Denver, Colorado, United States

Faction

IaaS
Information Services
Information Technology
Software
$5M25 Jan 2018 Denver, Colorado, United States

CaliberMind

Artificial Intelligence
B2B
Machine Learning
Marketing Automation
Natural Language Processing
SaaS
Sales Automation
$1M26 Oct 2016 Boulder, Colorado, United States

IP Commerce

Accounting
Cloud Computing
E-Commerce
Payments
SaaS
Small and Medium Businesses
Software
21 Jan 2016 Denver, Colorado, United States

Faction

IaaS
Information Services
Information Technology
Software
$6M15 Dec 2015 Denver, Colorado, United States

Datavail

Hardware
Software
$4M06 Sep 2012 Colorado, United States

EdgeConneX

Content
Infrastructure
Web Hosting
$7M30 Jun 2012 Virginia, United States
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