# Mercatus

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mercatus

- Industry: Software
- Headquarters: San Mateo, US
- Website: www.gomercatus.com
- Total disclosed funding: $19M
- Latest round: Series B (Feb 21, 2017)
- Investors on record: 6

## About

Mercatus, Inc. is a US-based company that specializes in providing a comprehensive data platform designed to facilitate financial management and decision-making for businesses.Founded in 2009 and headquartered in San Mateo, California, Mercatus, Inc. offers data solutions for businesses. The company was acquired by State Street Corporation in a transaction valued at USD 88 mn completed in Q3 2021, aiming to enhance State Street’s business solutions and client scope. The CEO, Haresh Patel, leads the company.Mercatus, Inc. specializes in delivering a robust platform for data management and financial analytics. Their services are tailored to help businesses manage and optimize their financial data, particularly for firms in asset management, private equity, and venture capital. The company serves a diverse clientele, including institutional investors and financial professionals, across North America, Europe, and Asia.Mercatus, Inc. generates revenue primarily through subscription services, with clients paying recurring fees for access to various data management plans. Revenue is structured around different service tiers, allowing clients to select packages based on their specific data needs and project complexities, ensuring a consistent revenue flow for the company.In July 2021, State Street Corporation completed the acquisition of Mercatus, Inc. for USD 88 mn, with the intent to enhance its service offerings and client engagement in public and private financial markets. This acquisition provides Mercatus with the opportunity to expand its product offerings and enhance its data analytics capabilities. Future growth strategies include the introduction of advanced analytics features and expansion into new geographic markets in Europe and Asia by 2023.

## Funding rounds

- Series B, Feb 21, 2017, $5.1M — TPG
- Series B, Jan 28, 2016, $12M — TPG, Vision Ridge Partners, Augment Ventures, Trepp, LLC, Traverse Venture Partners
- Series A, May 24, 2013, $2.1M — Shah Capital Partners, Vision Ridge Partners, Augment Ventures

## Investors

- Shah Capital Partners (https://capitalatlas.ai/funds/shah-capital-partners) — Series A
- Vision Ridge Partners — Series A, Series B
- Augment Ventures (https://capitalatlas.ai/funds/augment-ventures) — Series A, Series B
- TPG (https://capitalatlas.ai/funds/tpg) — Series B
- Trepp, LLC — Series B
- Traverse Venture Partners (https://capitalatlas.ai/funds/traverse-venture-partners) — Series B