Tech Company Financing Transactions
Mercatus Funding Round
Mercatus secured a $16.8 million Series B funding round on 2/24/2017. Investors included TPG Alternative & Renewable Technologies and private investors.
Transaction Overview
Company Name
Announced On
2/24/2017
Transaction Type
Venture Equity
Amount
$16,800,000
Round
Series B
Investors
TPG Alternative & Renewable Technologies (Lead Investor) (Mark Gudiksen)
Proceeds Purpose
Mercatus plans to invest additional funds on three key initiatives. Given the enthusiastic response to its Asset Management Solution module from pre-release customers and industry analysts, the company plans to expand the promotion plan for the formal release, which is targeted for April.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
400 Concar Dr. 4th Floor
San Mateo, CA 94402
USA
San Mateo, CA 94402
USA
Phone
Website
Email Address
Overview
Mercatus, Inc., formerly SCS Renewables, Inc. is a leading solutions provider for the energy finance industry. More than an energy origination platform, Mercatus� is a comprehensive solution that drives deal velocity and quality while reducing financing costs of energy projects.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Haresh Patel
Chief Operating Officer
Timothy Buchner
VP - Engineering
Jason Adams
VP - Finance
Thomas Vogt
VP - Product Management
Ali Mamujee
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We report on all VC transactions involving tech companies. All VC database entries on this site come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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