Fundraising Fox

Mercato Partners

Growth equity

Cottonwood Heights · Growth–Late Stage · 20 people tracked

Also known as MERCATO MANAGEMENT LEGACY, LLC · Mercato Management, Llc · Mercato Partners Savory · Mercato Partners Savory QP · Mercato Partners Stance · Mercato Partners Traverse · Mercato Partners Traverse Affiliates · Mercato Partners Traverse IIIe

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Investment thesis

Mercato Partners is a founder-friendly growth equity firm focused on backing entrepreneurs building category-leading companies outside of traditional venture-rich technology hubs. Since 2022 it has pursued a nationwide strategy targeting undercapitalized and underrepresented geographies across the United States, believing startups should not have to be based on the coasts. The firm supports portfolio companies through a curated network of service advisors, independent board members, and corporate development leaders, aiming to be a founder's first call. It backs businesses across sectors including energy storage, digital health, fintech, and AI infrastructure.

Source: firm website, verified Aug 3, 2026.

Stage
Growth–Late Stage
HQ
Cottonwood Heights, US
Leads rounds
Leads
Instruments
Equity
Founded
2007
AUM
$400M
VC funds
6
Tracked investments
50

Team · 20 people

from the firm's website

What they invest in

from 17 of 50 portfolio companies

Enterprise Software ×7SaaS ×7Fintech ×4Hardware ×4AI & Machine Learning ×3Cloud Computing ×2Data & Infrastructure ×2E-commerce ×2

HQs:United States×16

Investments · 50 tracked

founders shown can be your intro path
Domodomo.comNASDAQ: DOMO

American Fork, US

Mark Gorenberg(Director)Joshua James(Executive Officer, Director, Promoter)Shane Atchison(Executive Officer)Matt Belkin(Executive Officer)Fraser Bullock(Director)Christopher Harrington(Executive Officer, Director)

MNTNmountain.comin𝕏NYSE: MNTN

MNTN provides self-serve software for connected TV advertising that enables brands to run television ads and measure performance across conversions, revenue, and site visits.

AdTechMarketing Tech

Beam Benefitsbeambenefits.comin𝕏✓ verified

Beam Benefits is a digitally-native employee benefits company offering dental, vision, life, and supplemental health insurance through an online platform with personalized rewards and AI-powered underwriting.

HealthtechHR TechInsurTechMadison, US

Alex Frommeyer(CEO)Alex CurryDan Dykes

Aboutabouthealthcare.comin𝕏
About Healthcare
Atomicatomic.financialin
Atomic
Atomic Financial
Attainjoinattain.comin𝕏

Attain provides a digital ordering and inventory management platform for convenience stores to purchase stock from food-service distributors, replacing traditional paper invoices and phone orders.

E-commerceEnterprise SoftwareMarketplacesRetail TechSaaSSan Francisco, US

Aamir Hudda(Founder)inJoseph Yeh(Founder)in

Attainattaindata.ioin𝕏
Cloud Elementsuipath.comin𝕏

UiPath provides enterprise automation software that uses AI agents and robots to automate business processes across departments like procurement, finance, and ERP systems.

AI & Machine LearningEnterprise SoftwareRoboticsSaaSDenver, US

Mark Geene(Founder & CEO)Jim Franklin(Director)Joseph R. Zell(Director)Jeffrey Hinck(Director)

Control4
Cradlepoint

Boise, US

LeGrand Lewis(Director)Gerard Langeler(Director)Aaron DeRose(Director)Ron Mika(Director)Val Heusinkveld(Executive Officer)George Mulhern(Executive Officer, Director)

Cylinder
Cylinder Healthvivantehealth.comin𝕏
Ephesoftkofax.comin𝕏

Tungsten Automation (formerly Kofax) provides AI-enabled intelligent automation software, including document intelligence and workflow orchestration, for enterprise customers globally.

AI & Machine LearningEnterprise SoftwareSaaSLaguna Hills, US

Montgomery Kersten(Director)Ilker Kavas(Chief Financial Officer & Secretary)Donald Field(President & CEO)Peter Hantman(Chief Executive Officer)Robert Watson(Chief Financial Officer)Mike Verdeyen(Chief Technology Officer)

Fusion I/Ofusionio.com
Galileogalileo-ft.comin𝕏

Galileo (SoFi Tech Solutions) operates a cloud-based financial technology platform offering open APIs and infrastructure for card issuing, payment processing, core banking, deposits, lending, and risk management.

Cloud ComputingFintechSaaS

Galileo Financial Technology

Financial technology company; Mercato invested in 2014.

Goal Zerogoalzero.com
Kalderoskalderos.comin𝕏
Kalderos

Chicago, US

Jim Sparks(Executive Officer)Rusty Hensley(Executive Officer)Angie Franks(Executive Officer, Director)Jeremy Docken(Chief Executive Officer of Issuer)Micah Litow(Director)

BoardClint Stone(Director)

Kuali
Lambdalambdalabs.comin𝕏

Lambda builds modular AI data centers ("AI factories") with power, liquid cooling, and high-bandwidth interconnects, and provides GPU cloud infrastructure for training and deploying AI models.

AI & Machine LearningCloud ComputingData & InfrastructureSan Francisco, US

Benhamin Nelson(Executive Officer)Austen Allred(Executive Officer, Director)Jessica Verrilli(Director)John Danner(Director)

Lendiolendio.comin

Lendio operates an online marketplace and lending technology platform that connects small business owners with a network of 75+ lenders and funders for products such as business loans, lines of credit, revenue-based financing, and SBA loans through a single application.

FintechMarketplacesSaaS

lobby-pastinv-control4@2xcontrol4.comin𝕏

Control4 develops a smart home and business automation platform that centralizes control of connected devices including lighting, audio, video, climate, security, and intercom systems.

Enterprise SoftwareHardwareIoTLehi, US

Eric SmithWill WestMark Morgan

Nicira Networksvmware.com
ObservePoint
Ownwellownwell.comin𝕏

Ownwell helps homeowners reduce their property tax bills and other real estate ownership expenses through a combination of local expert analysis and technology.

FintechPropTechSaaS<UNKNOWN>

Colton PaceJoseph NoorChang FuJamie RyanCaroline RileyDavid Holyoak

Paytientpaytient.com

Paytient is a platform that removes out-of-pocket costs as a barrier to healthcare access, allowing patients to choose care without financial burden while ensuring providers receive full payment and employers control costs.

Digital HealthEnterprise SoftwareFintechHealthtechColumbia, US

Brian WhorleyinDaniel LynninAndy Cloyd(Director)

SaltStack
Skullcandy
Skullcandy IPOskullcandy.com
Spherosphero.comin

Sphero manufactures programmable robots and STEAM-based educational tools designed for students to learn coding, science, music, and the arts.

EdTechHardwareRoboticsBoulder, US

Stancestance.com𝕏

Stance designs and manufactures socks and underwear for athletes, artists, and active individuals, with particular focus on comfort and craftsmanship through products like casual socks, performance socks, and underwear.

ConsumerDirect to ConsumerE-commerceCalifornia, US

Stance

San Clemente, US

Aaron DeRose(Director)Josh James(Director)Jeff Kearl(Executive Officer, Director)Carolyn MacNaughton(Director)David Gatto(Director)Pravin Vazirani(Director)

Summersalt

St. Louis, US

Lori Coulter(Executive Officer, Director)Reshma Chattaram Chamberlin(Executive Officer, Director)

Tegilewesterndigital.comin𝕏

Western Digital manufactures data storage and memory products, including hard drives, solid-state drives, and flash memory solutions for consumers and enterprises.

Data & InfrastructureHardwareSan Jose, US

Ian Edmundson(Executive Officer)Rohit Kshetrapal(Executive Officer, Director)Vivek Mehra(Director)Dipender Saluja(Director)Aravinth Babu(Director)Paul Madera(Director)

Text Linkkuali.coin

Kuali is an ed tech company that builds software for institutions of higher education, including administrative and SaaS solutions for colleges and universities.

EdTechEnterprise SoftwareSaaS

Joel Dehlin(Chief Technology and Product Officer)Chris Coppola(CEO)

Text Linksummersalt.com
Text Linkcradlepoint.com𝕏

Ericsson provides wireless connectivity solutions including 5G, LTE, and private networks for enterprises in manufacturing, warehousing, and public safety sectors where reliable connectivity is mission-critical.

Enterprise SoftwareIoT

Text Linkobservepoint.comin𝕏
Text Linkvasion.com
Torustorus.coin𝕏

Torus Station is a full-stack energy storage platform that integrates hardware, software, security, and monitoring capabilities.

EnergyHardware

Untanglearista.com
Vasion

Portfolio company based in St.

Venafivenafi.comin𝕏
Venafi
Wellth

Fund performance · per public LP disclosures · 2

as of Dec 2025
FundVintageCommittedNet IRRTVPIDPI
Mercato Partners Growth III, L.P.LPs: Texas Municipal Retirement System20159.5%1.84x0.18x
Mercato Co-InvestmentLPs: San Diego City Employees' Retirement System2013-92.9%0.08x0.08x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Public market activity · per SEC filings

what is this? ⓘ

2 insider ownership filings (Forms 3/4/5)

at MNTN, Inc. (MNTN)

From the firm's own SEC EDGAR filings — stakes and insider roles in public companies, typically portfolio companies after an IPO. Not a portfolio list published by the firm.

Frequently asked questions

What stage does Mercato Partners invest at?
Mercato Partners invests at the Growth, Late Stage stages.
What sectors does Mercato Partners focus on?
Mercato Partners focuses on AI & Machine Learning, Consumer, Enterprise Software, Fintech, Healthtech, SaaS, Sector Agnostic.
Where is Mercato Partners located?
Mercato Partners is headquartered in Cottonwood Heights, US.
Does Mercato Partners lead rounds?
Yes, Mercato Partners leads investment rounds.

Media · Podcasts & interviews

featuring the team

Venture Capital | Ryan Sanders | Managing Director | Mercato Partners

Utah Business · Ryan Sanders

#132 - Greg Warnock - Founder of Mercato Partners & One of the Top Utah VC's

The Jimmy Rex Show · Greg Warnock

Greg Warnock (Mercato Partners) at Startup Grind Salt Lake City

Startup Grind Local · Greg Warnock

Greg Warnock, Mercato Partners - Rough Cut

Diversified Insurance Group · Greg Warnock

Co-investors · 3

Cultivation Capital

Cultivation Capital is a venture capital firm that invests in early-stage companies with the potential to transform how people live and work, backing them from Series Seed through Series B.

Both backed · 2
PaytientText Link
$100K – $3.5M
Lightbank

Lightbank is a Chicago-based venture capital firm that invests in early-stage technology companies and provides operational support to portfolio companies. The firm was founded by Eric Lefkofsky and Brad Keywell, entrepreneurs behind Groupon, Mediaocean, InnerWorkings, Echo Global Logistics, and Uptake.

Both backed · 1
$500K – $5M
7wire Ventures

7wire Ventures builds and invests in early-stage digital health companies focused on empowering informed, connected health consumers.

$100K – $5M

Firms observed investing alongside Mercato Partners, from public investor directories. Shared companies are the overlap with Mercato Partners's recorded portfolio.

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