What is Mercateo?
Founded in Munich, Germany, in 2000, Mercateo operates a sophisticated e-procurement platform designed to facilitate business-to-business commerce. The platform serves as a marketplace where companies can market and acquire a diverse range of solutions, including office supplies, IT hardware and software, workshop equipment, and telecommunications devices. This strategic approach to B2B e-commerce positions Mercateo as a key intermediary, streamlining procurement processes for businesses and expanding market access for suppliers.
How much funding has Mercateo raised?
Mercateo has raised a total of $1.5M across 1 funding round:
Series A
$1.5M
Series A (2007): $1.5M with participation from Target Partners and BayBG
Key Investors in Mercateo
Target Partners
Target Partners is a leading early-stage venture capital firm in Germany with €300 million under management, specializing in seed and early-stage technology companies. They provide venture capital and strategic support for build-out and expansion phases, leveraging extensive experience in developing products, building organizations, and facilitating public offerings.
BayBG
BayBG is a prominent Bavarian investment capital provider supporting SMEs since 1972, offering silent and open participations, venture capital, and flexible financing. With a capital volume of €382 million, they focus on long-term partnerships and provide industry expertise and networks to foster sustainable growth for businesses.
What's next for Mercateo?
With a history of securing substantial capital, including a Series A financing round in 2007, Mercateo appears to be in a mature growth phase, leveraging its enterprise-level funding to scale operations and enhance its platform capabilities. The undisclosed recent funding in 2017 suggests a strategic move, potentially aimed at market expansion, technological advancement, or further consolidation within the competitive e-procurement landscape. The company's focus on a broad spectrum of business needs indicates a strategy geared towards becoming a comprehensive solution provider in the B2B marketplace.
See full Mercateo company page
