MERCATO PARTNERS


Navigating a sea of opportunities to fund extraordinary companies.

Breaking News

Traverse Fund III Portfolio Company Cloud Elements Acquired by UiPath


Cloud Elements acquisition by UiPath, a leading enterprise automation software provider, marks an early exit for Traverse Growth Fund III. Mercato Partners recognized early on in 2018, during the time of investing, that Cloud Elements was onto something special with its API centric technology.

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Mercato Partners' Venture Practice, Prelude, Leads $3M Investment In GloveBox


“We’re excited to partner with GloveBox because of their ability to solve a complicated problem in the insurance industry,” said Zach Sivertson, managing director at Prelude. “The GloveBox team understood the challenges facing this market and, from their experience, built a platform that elegantly solves the problems facing the 36,000 independent agencies and their clients.”

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Mercato Leads Beam Dental's $80M Series E


Traverse, the Mercato Partners growth fund, led Columbus, Ohio-based Beam Dental’s $80M series E. Beam simplifies the antiquated $75 billion dental insurance industry for members, brokers, and employers. Also participating in this round were Drive Capital, Georgian, Nationwide Ventures, Ainge Advisors, and Breakout Capital.

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Mercato Partners Completes Inaugural Growth Fund Producing Industry Leading Returns


Mercato Partners has completed the final distribution of its inaugural Travers Growth Fund, delivering a net multiple of 3.7x and a net IRR of 51%. The return metrics places Mercato Partners Fund I in the top 3% of its peer group. A select few of the companies in Fund I included: Control 4, MediConnect Global, Stance, and Fusion-io. Mercato Partners has since expanded by adding multiple practices which include Savory, a dedicated food and beverage fund; Alpha, a direct secondaries fund; and Prelude, an early-stage venture fund. All practices are off to the races with top tier track records.

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Director Joe Kaiser Speaks With Crunchbase About Utah's Thriving Tech Scene


Sophia Kunthara of Crunchbase discusses the IPO of Qualtrics, Mercato Partners success, and Utah’s thriving tech scene with director Joe Kaiser. The article reflects on Utah’s track record of being home to highly successful companies and its ability to attract and cradle top tier talent in the tech space.

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Lendio Continues To Serve Small Businesses Through PPP


Lendio will continue to provide small businesses access to PPP capital in the next round of loans. Lendio’s previous average PPP loan size was $56,000, and they will continue to serve small businesses moving forward. Watch the CNBC interview with Kate Rogers.

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Joe Kaiser talks about High IPO Valuations in a COVID Economy


Why are IPOs values so high despite COVID? Simple. It’s because investors are looking into the long-term growth potential of the companies it favors says Traverse director Joe Kaiser.  Check out the article by Axios markets reporter Courtenay Brown.

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Breaking News

Thoma Bravo Announces Strategic Majority Investment in Venafi


On December 10, 2020, Venafi, a Mercato Traverse Fund II portfolio company, announced a strategic majority investment from leading private equity firm, Thoma Bravo.  The investment sets the value of Venafi at $1.15B and marks the successful close of Mercato’s investment in the Salt Lake City-based firm.

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Breaking News

Joe Kaiser and Dan Primack Talk About Investing and COVID


On December 9, 2020, Dan Primack, business editor for Axios, caught up with Traverse Director Joe Kaiser to talk about investing in overlooked and underserved markets in the time of COVID.  Find out more and check out the video.

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Mercato Partners Shauna Smith of Savory Fund Is Promoted to CEO


Mercato Partners Shauna Smith of Savory Fund has recently been promoted to CEO. She previously served as President and will continue to grow Savory’s portfolio of delicious restaurant brands. Shauna brings more than a decade of executive management experience in the food and beverage industry and has been a driving force behind the successful expansion of several restaurants. Congratulations to our very own Shauna Smith!

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Mercato Partners Saima Ahmed Discusses The Future of Private Equity With Preqin


Mercato Partner’s Principal Saima Ahmed discusses the future of alternatives on a panel hosted by Preqin. She is joined by other private equity investment professionals, sharing thoughts on the direction alternatives are heading. The panel explores different sectors of private equity which include: buyout, infrastructure, natural resources, real estate, and debt. Geographic considerations are also discussed concerning the growth of alternatives. Follow the link to view the presentation and listen to the discussion Future of Alternatives.

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GREG WARNOCK SPEAKS WITH VENTURE CAPITAL JOURNAL ON EXITS DURING A PANDEMIC


Co- founder and managing director Greg Warnock discusses challenges and opportunities for Mercato Partner’s Traverse Fund during the pandemic with Alistair Goldfisher from Venture Capital Journal.  The pandemic has made some things harder, some things more uncertain, but some things clearer.  It creates opportunities in a way that is different in the specifics but still resonates with the Traverse investment strategy.  He also highlights the four exits in 2020 — two in excess of $1B each.   Check it out using the link below..

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Joe Kaiser Discusses Healthcare Investing With Medical Alley


Traverse Fund Director Joe Kaiser talks to Medical Alley about investing in healthcare companies throughout the Midwest and how COVID – 19 has impacted the industry. Joe also shares some of his insights on being a successful investor.

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Traverse Fund Director Joe Kaiser featured in PitchBook Article on COVID's Impact on Initial Funding


Traverse Director Joe Kaiser offered his perspective on the impact COVID has had on first-round funding to PitchBook’s Priyamvada Mathur.  Read more of Joe’s thoughts here or click the link to find the PitchBook article.

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Mercato's Saima Ahmed talks to Preqin about Socially-Conscious, High-Performance Investing


Alpha Fund Principal Saima Ahmed talks with Prequin about the emerging realization by alternatives managers that investing for performance can go hand-in-hand with investing with a social conscience.  More and more managers are seeing the value in both financial and non-financial outcomes.

Read more about the changes we are seeing and the changes we are driving at Mercato Partners.

Check it out at Preqin.

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LENDIO CO-FOUNDERS NAMED ERNST AND YOUNG ENTREPRENEURS OF THE YEAR


Mercato Partners congratulates Lendio Co-Founders Brock Blake (CEO) and Trent Miskin (CGO) for winning the Ernst and Young Entrepreneur of the Year Award for the state of Utah. Part of the Mercato Traverse Growth Fund III, Lendio is revolutionizing the small and medium business loan marketplace.

Brock and Trent represent the qualities we admire most in entrepreneurs – vision, execution, and determination.

They are also examples of the qualities we most admire in humans – compassion, generosity, and integrity.

We are proud of you and proud to be a small part of your story.

 

 

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New Article

Crisis or Opportunity: Strategies on How to Do More Than Just Weather the Storm


Check out the latest article in Silicon Slopes where Greg Warnock discusses what impacts COVID has had not the market, Mercato, and the entrepreneurial world.

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VMWare to Acquire SaltStack


On Tuesday, September 29, 2020, VMware announced its acquisition of SaltStack, a Mercato Traverse Growth Fund III portfolio company specializing in network, security, and infrastructure automation and management.

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Congratulations to Cradlepoint

Ericsson to Acquire Cradlepoint for $1.1B


Ericsson has announced the acquisition of Cradlepoint for $1.1 billion in an all-cash transaction.  This marks the third exit of a Mercato Traverse Growth Fund company this year and the second in excess of $1 billion in 2020.

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Kalderos set to Revolutionize Drug Discount System


Kalderos, a Traverse Fund III portfolio company and the creator of the country’s first Drug Discount Management platform, announced its revolutionary 340B rebate solution, 340B Pay. By bringing a dated drug discount infrastructure into the modern era, read about how all stakeholders will benefit from a process that increases visibility for all.

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Greg Warnock talks to TechCrunch about Valuation in the Era of COVID


Mercato Partners’ Founder and Managing Director, Greg Warnock, chatted with TechCrunch’s Alex Wilhelm about the impact of the current pandemic on valuations. Certainly, COVID has had an impact but it’s not necessarily uniform or obvious. You can read more in Alex’s column, ExtraCrunch. Check it out.

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Central Logic acquired by Rubicon Technology Partners


Rubicon Technology Partners has acquired a majority interest in Central Logic, a Mercato Partners Traverse Fund II portfolio company. Under the leadership of CEO Angie Franks, the company has proven its pioneering patient transfer platform which quickly connects patients with the right hospital resources, improving the quality of care while raising efficiency.

This milestone is proof of the vision and execution of the Central Logic team.  Mercato Partners saw the potential in the original vision and we are delighted and proud to see the team accelerate into the next phase of the company’s journey.

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SoFi acquires Galileo Financial Technologies for $1.2B


Galileo Financial Technologies has been acquired by SoFi for $1.2B.  This is the culmination of years of hard work by Clay Wilkes and his team to realize a vision.  That vision was supported along the way by Mercato Partners.  We are so happy for the success Galileo has achieved and proud to have played a part in it coming to pass.

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Galileo and Mercato

Galileo and Mercato - A Timeline


Galileo Financial Technologies has been acquired by SoFi for $1.2B.  Congratulations to Clay Wilkes and the whole Galileo team. Vision combined with execution is an unstoppable combination. We’re proud to have been a part of your journey.

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Mercato Partners, Savory Fund, and Restaurant Founders Join Forces to Provide Stability


In the face of unprecedented challenges, we are inspired by the examples of leadership we’ve seen both locally and globally. We are proud to join leaders committed to innovating as a means of creating stability and honoring the loyalty of our workforce. The restaurant brands that belong to Mercato Partners Savory Fund are certainly going to experience challenges as a result of the lifestyle changes caused by COVID-19 Quarantine.

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A Savory Soiree


On a beautiful night in May, following the Mercato Partners Annual Meeting, we had the pleasure of celebrating the successful launch of our second investment strategy, the Mercato Partners Savory Fund.

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WHO WE ARE

Accelerating Your Growth


Mercato Partners is a trusted investor for growth stage companies seeking capital and assistance to accelerate and scale their businesses. We understand that true growth requires more than just capital, so we help companies bring new products to new customers through new channels, find and retain the best possible talent, and increase brand awareness to gain market share. Choosing the perfect investor for your business is about competency and compatibility. We offer both. But don’t just take our word for it—slide right to discover why CEOs choose Mercato.

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