# Mercatus funding: rounds and investors > Mercatus has raised $27M across 4 rounds since 2013. Investors include Vision Ridge Partners, Augment Ventures and Shah Capital Partners. Source: https://millionrounds.com/company/mercatus (Millionrounds; every figure on the page links to its filing or article) United States · [Series B startup](https://millionrounds.com/companies) # Who invested in *Mercatus* 4 rounds we have observed, with the 6 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. IT Services Funding summary Updated 26 Oct 2026 **$27M** raised across 4 rounds since 2013, from 4 sources **$2.0M** Series A **$1.7M** Series A **$6.7M** Venture **$17M** Series B - **Latest round:** Series B, $17M Feb 2017 - **Step-up i:** 2.5× - **Investors:** 6 See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2014 2015 2016 2017 **$2.0M** Series A **$1.7M** Series A **$6.7M** Venture **$17M** Series B - **First round:** Series A, $2.0M - **Biggest round:** $17M - **Usual gap between rounds:** 16 months ## The rounds - **Feb 2017** Series B **$17M** *1 new* TPG Alternative & Renewable Technologies Research Reported by FinSMEs - **Nov 2015** Venture **$6.7M** No investor was named in the report. From a historical funding record SEC filing: $6.7M sold, first sale Oct 2015 - **Jan 2014** Series A **$1.7M** *2 new* *3 returning* [Vision Ridge Partners](https://millionrounds.com/fund/vision-ridge-partners) [Augment Ventures](https://millionrounds.com/fund/augment-ventures) [Shah Capital Partners](https://millionrounds.com/fund/shah-capital-partners) [Trepp](https://millionrounds.com/fund/trepp) Treep From a historical funding record - **Jun 2013** Series A **$2.0M** *3 new* [Vision Ridge Partners](https://millionrounds.com/fund/vision-ridge-partners) [Augment Ventures](https://millionrounds.com/fund/augment-ventures) [Shah Capital Partners](https://millionrounds.com/fund/shah-capital-partners) Reported by finsmes.com SEC filing: $2.1M sold, first sale May 2013 ## Founders and team From the SEC filings it signed: 2 on the team. - **Haresh Patel** Executive Officer, Director i - **Tim Buchner** Executive Officer, Director i On the board, as filed i *Bill Perry* *Daniel Gottlieb* *Josh Green* ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Series A** 2013 **Series A** 2014 **Venture** 2015 **Series B** 2017 [Vision Ridge Partners](https://millionrounds.com/fund/vision-ridge-partners) [Augment Ventures](https://millionrounds.com/fund/augment-ventures) [Shah Capital Partners](https://millionrounds.com/fund/shah-capital-partners) [Trepp](https://millionrounds.com/fund/trepp) TPG Alternative & Renewable Technologies Research Treep ## Everyone who backed them [Vision Ridge Partners](https://millionrounds.com/fund/vision-ridge-partners) Private equity **2** rounds [Augment Ventures](https://millionrounds.com/fund/augment-ventures) VC firm **2** rounds [Shah Capital Partners](https://millionrounds.com/fund/shah-capital-partners) VC firm **2** rounds [Trepp](https://millionrounds.com/fund/trepp) VC firm **1** round TPG Alternative & Renewable Technologies Research no record of our own yet **1** round Treep no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=mercatus). ## Quick answers about Mercatus ### Who invested in Mercatus? Mercatus's investors include Vision Ridge Partners, Augment Ventures, Shah Capital Partners, Trepp and TPG Alternative & Renewable Technologies Research, and 1 more on record. ### How much has Mercatus raised? Mercatus has raised $27M across 4 rounds since 2013. ### When did Mercatus last raise? Mercatus's most recent round was a Series B of $17M in Feb 2017. ### What was Mercatus's biggest round? Its most recent round, $17M in Feb 2017, is also its largest on record. ### Who backed Mercatus first? Mercatus's first round on record, in Jun 2013, was backed by Vision Ridge Partners, Augment Ventures and Shah Capital Partners. ### What stage is Mercatus at? Mercatus's latest named round is a Series B, in Feb 2017. ### Where is Mercatus based? Mercatus is based in the United States. ## Companies like Mercatus In the same sector, and raised in the last eighteen months. [**Chariot Claims** $23M · Oct 2026](https://millionrounds.com/company/chariot-claims)[**Subeca** $9.0M · Oct 2026](https://millionrounds.com/company/subeca)[**FlexCompute** $53M · Oct 2026](https://millionrounds.com/company/flexcompute)[**Negosh** $3.1M · Oct 2026](https://millionrounds.com/company/negosh)[**StarLifter** $4.0M · Oct 2026](https://millionrounds.com/company/starlifter)[**Litewave.AI** $1.7M · Oct 2026](https://millionrounds.com/company/litewave-ai) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app