Tech Company Financing Transactions
Mercato Funding Round
Mercato closed a $26 million Series A financing round on 4/12/2021. Investors included Velvet Sea Ventures, Greycroft Partners and Loeb.nyc.
Transaction Overview
Company Name
Announced On
4/12/2021
Transaction Type
Venture Equity
Amount
$26,000,000
Round
Series A
Investors
Velvet Sea Ventures (Lead Investor) (Michael Lazerow)
Greycroft Partners (Ian Sigalow)
Proceeds Purpose
With the additional funding, Mercato aims to expand its remotely distributed team of now 80 employees, as well as its data analytics platform, which will help merchants make better decisions that impact their business.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
48 Wall St. 32nd Floor
New York, NY 10005
USA
New York, NY 10005
USA
Phone
Undisclosed
Website
Email Address
Overview
Mercato is an online grocery marketplace that connects customers who want to do their food shopping at their convenience, with local merchants.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Bobby Brannigan
VP - Operations
Edmundo Ancheta
VP - Product Management
Michael Mason
VP - Sales
Gauri Munuswamy
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