Profile
Mercato Partners is a growth equity firm based in Cottonwood Heights, Utah, founded in 2007. The firm is led by a team of 11 professionals and focuses on investing in underserved and underfunded geographies. Mercato Partners is committed to building businesses in the same places where entrepreneurs have built their lives, emphasizing a strong partnership with founders.
The firm invests in sectors such as technology, artificial intelligence, branded consumer, and healthcare IT. Mercato Partners typically invests in companies with $10 million or more in annual revenue and aims for round sizes of $10 million or more. The firm manages $1 billion in assets across four funds, including the Savory Fund I and II, and the Mercato Partners Traverse Fund IV.
Notable investments by Mercato Partners include Torus - energy storage solutions, Cylinder Health - digital gastrointestinal care, Ownwell - accounting services, Wellth - healthcare technology systems, and Latent AI - business productivity software.
Industry
Mercato Partners Funds
| Name | Type |
|
|
|
Size | AUM | Launch date |
|---|---|---|---|---|---|---|---|
|
Savory Fund II
|
Venture Capital (VC)
|
Food and Beverage
Foodtech
|
Seed
Series A
|
North America
|
$5-10 m
|
$100 M
|
January 2025
|
|
Mercato Partners Traverse Fund IV
|
Private Equity (PE)
|
Business Services (B2B)
Financial Services
Fintech
Healthcare Services
SaaS
Security
Software
AI
Infrastructure
HealthTech
Deeptech
|
Series B
|
North America
|
$5-10 m
|
$400 M
|
February 2023
|
|
Savory Fund I
|
Venture Capital (VC)
|
Business Services (B2B)
Consumer Products
Consumer Services (B2C)
Food and Beverage
Foodtech
Retail
|
Pre-seed
Seed
|
North America
|
$5-10 m
|
$90 M
|
June 2020
|
Contacts
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