# MERCED: portfolio, investments and team > MERCED is a vc firm based in Saudi Arabia. 2 investments on record, latest May 2014. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/merced (Millionrounds; every figure on the page links to its filing or article) Saudi Arabia · [Investor](https://millionrounds.com/investors) # MERCED Last cheque observed May 2014. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Quiet New fund $1.4M, Mar 2022 VC firm Seed Venture Capital & Private Equity Cheques on record **0%** of best year **0** **cheques in 12 months**, 2 on record Since the last cheque **4546** days **00** hrs **00** min **00** sec Median round **$525K** Rounds led **0 of 2** Pitch MERCED ## MERCED highlights - 01 2 rounds on record - 02 Mostly Seed: 100% of its rounds ## What they do - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Sectors:** Venture Capital & Private Equity - **Based in:** Riyadh, Saudi Arabia - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **2 appearances** - **2014** 1 round - **May** **[OLSET](https://millionrounds.com/company/olset)** Seed · US **$600K** With 6 others - **2013** 1 round - **Dec** **[OLSET](https://millionrounds.com/company/olset)** Seed · US **$450K** With 13 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **11 named** AB **Alan B. Hirmes** Executive Officer i Filing they signed DA **David A. Ericson** CHAIRMAN, CHIEF EXECUTED OFFICER AND PRESIDENT i Filing they signed ER **E. Ron Orgel** Executive Officer i Filing they signed HA **Hendrik A. Vroege** VICE PRESIDENT i Filing they signed JB **Joel B. Anderson** CHIEF FINANCIAL OFFICER AND TREASURER i Filing they signed KB **Keith B. Rosenthal** Executive Officer i Filing they signed MB **Mary B. Fahey** ASSISTANT SECRETARY i Filing they signed MM **Michael M Sullivan** VICE PRESIDENT i Filing they signed SB **Stuart B. Brown** VICE PRESIDENT i Filing they signed TG **Thomas G. Rock** VICE PRESIDENT AND SECRETARY i Filing they signed VA **Vince A. Vertin** VICE PRESIDENT i Filing they signed We also hold **14** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. Who backs their funds ## 1 LP on record in MERCED's funds - **Committed:** $179M - **Funds:** 2 - **Vintages:** 2013 to 2017 The institutions that put money into its funds, which the firm then invests in companies. Source: the pension's own report, latest Jun 2026. - [**Minnesota State Board of Investments** 2 funds *$179M*](https://millionrounds.com/fund/minnesota-state-board-of-investments) Fund Vintage Committed Merced Partners V 2017 $54M Merced Partners IV 2013 $125M New fund on file **$1.4M** raised in Mar 2022 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Median round joined **$525K** the round, not its cheque Led 0 of 2 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** May 2014 Rounds by stage said on their site - Seed *2* Cheques by year Led Joined 2013 2014 Often in the room with - [Montage Ventures](https://millionrounds.com/fund/montage-ventures) 2 - [Plug and Play](https://millionrounds.com/fund/plug-and-play) 2 - [XG Ventures](https://millionrounds.com/fund/xg-ventures) 2 **Pitching MERCED?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as MERCED. A count of rooms they were both in, not a relationship either has claimed. [**Montage Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/montage-ventures)[**Plug and Play** Accelerator **2** rounds together](https://millionrounds.com/fund/plug-and-play)[**XG Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/xg-ventures) ## Quick answers about MERCED ### What does MERCED invest in? MERCED invests most often at Seed (100% of the rounds on record), in sectors such as Venture Capital & Private Equity. ### How active is MERCED? 2 investments on record, 0 of them in the last 12 months. The most recent was in May 2014. ### How big are MERCED's cheques? The median round it joins is $525K. ### Is MERCED investing now? No investments in the last 12 months; the latest was in May 2014. ### Who does MERCED invest alongside? Most often Montage Ventures (2 rounds together), Plug and Play (2 rounds together) and XG Ventures (2 rounds together). ### What kind of investor is MERCED? MERCED is a VC firm based in Riyadh, Saudi Arabia. ### Has MERCED raised a new fund? Its latest fund filing with the SEC was in Mar 2022, reporting $1.4M raised. ### Where does this information on MERCED come from? From public registers and its own website, checked and rebuilt every night. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=merced) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=merced)