# Mero Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mero-technologies

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.mero.co
- Total disclosed funding: $2.5M
- Latest round: Seed (Aug 10, 2021)
- Investors on record: 2

## About

Mero Technologies Inc. specializes in enhancing operational efficiency for cleaning services in commercial real estate through innovative technology solutions.Founded in 2017, Mero Technologies Inc. is headquartered in Toronto, Canada. The company focuses on providing data-driven solutions for cleaning operations. Mero was established by Cole Macdonald, Mesfin Hailemariam, and Nathan Mah. In August 2021, the company raised CAD 3.1 million in Seed funding, with the total amount raised also being CAD 3.1 million. The latest funding round was co-led by Fresco Capital and IX Labs, making it an investment target for these investors.Mero offers a suite of innovative solutions designed to enhance the operational efficiency of cleaning services in commercial real estate. Their core products include the VALIDATE system, which enables real-time tracking and validation of cleaning tasks without burdening staff with additional work, and the DISPATCH module that monitors building occupancy and supply usage to optimize cleaning schedules. Mero’s offerings solve common challenges faced by property managers and cleaning executives, such as reducing labor costs, improving service levels, and ensuring compliance with service level agreements (SLAs). The company serves a diverse client base that includes property management firms, airports like Pearson Airport, and retail groups, focusing primarily on markets in North America and Europe. Mero's solutions are designed to empower cleaning operations through data-driven insights, allowing clients to adapt their cleaning strategies based on real-time performance metrics.Mero generates revenue through a subscription-based model, offering clients access to its suite of software solutions that streamline cleaning operations. Clients engage with Mero's products through an annual or monthly subscription, providing tools to manage cleaning workflows, validate service delivery, and conduct quality assessments. The transactional structure is primarily B2B, targeting property management companies that require reliable and effective cleaning management software. Key offerings like VALIDATE and DISPATCH are central to Mero’s revenue stream, catering to the pressing needs of commercial cleaning operations and fostering long-term partnerships with clients seeking to improve cleaning efficiency and profitability. Pricing structures are tailored to the specific needs of each client, ensuring they receive optimum value based on their operational requirements.In August 2021, Mero Technologies Inc. raised CAD 3.1 million in Seed funding, which will be utilized to expand its products across Canada and into the USA, and bolster its list of integrations with other smart building platforms. The company aims to launch new product enhancements and expand into additional markets, focusing specifically on North American regions.

## Funding rounds

- Seed, Aug 10, 2021, $2.5M — Fresco Capital, IX Labs

## Investors

- Fresco Capital — Seed
- IX Labs (https://capitalatlas.ai/funds/ix-labs) — Seed