Merit Systems
Latest round
- Seed
Last raised
- Oct 2024
Total raised
- $9.7M
Investors
- 2
About Merit Systems
Based in New York, US, and founded in 2024 by Chief Executive Officer Sam Ragsdale, and Chief Technology Officer Ryan Sproule, Merit Systems developed a protocol for open-source projects that track developers’ contributions and share rewards accordingly. Merit Systems specializes in developing a platform that facilitates attribution and ownership within the open-source software development community. Its offerings include a system that directly connects builders with capital, thereby incentivizing contributions and merit-based ownership distribution. The company’s platform focuses on supporting both seasoned and developers. As of 2025, the firm serves in various locations such as North America, Europe, and parts of Asia.
Who invested in Merit Systems
2 investors across 1 round
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Funding rounds
Seed
Oct 1, 2024
Amount
$9.7M
Investors
Questions about Merit Systems
Who invested in Merit Systems?
Merit Systems has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Merit Systems raised?
Merit Systems has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Merit Systems last raise money?
Merit Systems's most recent round on record is a Seed, in Oct 2024.
What does Merit Systems do?
Based in New York, US, and founded in 2024 by Chief Executive Officer Sam Ragsdale, and Chief Technology Officer Ryan Sproule, Merit Systems developed a protocol for open-source projects that track developers’ contributions and share rewards accordingly.
Where is Merit Systems headquartered?
Merit Systems is headquartered in New York, US.
Which VCs invest in companies like Merit Systems?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Merit Systems's stage. Their profiles are linked below.
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