# Merit International

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/merit-international

- Industry: Internet
- Headquarters: Millbrae, US
- Website: www.merits.com
- Total disclosed funding: $58M
- Latest round: Series B (Nov 2, 2021)
- Investors on record: 13

## About

Merit International, Inc. offers a digital credentialing platform that enhances workforce development and professional licensing through efficient and secure solutions for various sectors, including government and education.Founded in 2015 by Tomer Kagan in Millbrae, US, Merit International, Inc. specializes in digital credentialing solutions. The company raised USD 53.65 mn in Series B funding in November 2021, led by Rose Park Advisors, with participation from several other investors. The fundraising reflects the company's aim to expand its operational capabilities and industry reach.Merit operates as a digital credentialing platform, specializing in providing secure and efficient solutions for workforce development, professional licensing, grants management, and emergency management. The core offerings enable clients, which include workforce agencies, educational institutions, and government entities, to streamline processes involving sensitive personal information. Their platform facilitates rapid integration with state licensing boards, enhancing the efficiency of credential issuance and renewal. Additionally, Merit supports cross-agency data sharing to improve visibility and accountability, essential for disaster response and recovery efforts. The platform's operational reach extends across various U.S. states, catering to local agencies and organizations needing to connect talent with opportunities, ultimately impacting economic growth and workforce readiness.Merit's revenue model is structured around licensing agreements and service subscriptions, where clients pay for access to the platform and its various functionalities. Transactions generally involve annual or multi-year agreements that enable organizations to utilize Merit’s technology for credentialing and program management. Specific pricing plans for services, while not disclosed, reflect the value of automating workflows and managing critical data more effectively. Merit’s solutions are tailored for diverse sectors, including education, workforce development, and emergency management, which drive client engagements. The company’s flagship services support a wide range of stakeholders, facilitating expedited access to essential services and data in both routine and urgent situations.In November 2021, Merit International, Inc. raised USD 53.65 mn in Series B funding led by Rose Park Advisors, aimed at expanding into new business lines and use cases. The company plans to enhance its ecosystem to allow entire industries to operate programmatically and efficiently. Specific new product launches and geographic market expansions are in the pipeline, although exact details and timelines are yet to be disclosed.

## Funding rounds

- Series B, Nov 2, 2021, $54M — Andreessen Horowitz, Govtech Fund, Alumni Ventures Group, Bow Capital, Experian Ventures, Metaplanet Holdings, InState Capital, Rose Park Advisors
- Seed, Jan 20, 2017, $4.3M — Greylock Partners, WI Harper Group, Azure Capital Partners, Andreessen Horowitz, Sherpa Capital, Susa Ventures

## Investors

- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Seed
- WI Harper Group (https://capitalatlas.ai/funds/wi-harper-group) — Seed
- Azure Capital Partners (https://capitalatlas.ai/funds/azure-capital-partners) — Seed
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Seed, Series B
- Sherpa Capital (https://capitalatlas.ai/funds/sherpa-capital) — Seed
- Susa Ventures (https://capitalatlas.ai/funds/susa-ventures) — Seed
- Govtech Fund (https://capitalatlas.ai/funds/govtech-fund) — Series B
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series B
- Bow Capital (https://capitalatlas.ai/funds/bow-capital) — Series B
- Experian Ventures (https://capitalatlas.ai/funds/experian-ventures) — Series B
- Metaplanet Holdings (https://capitalatlas.ai/funds/metaplanet-holdings) — Series B
- InState Capital — Series B
- Rose Park Advisors (https://capitalatlas.ai/funds/rose-park-advisors) — Series B