Thursday, December 14, 2006

Mercado Gets $11.5M

Pleasanton-based Mercado Software announced today that it has raised $11.5M in funding from two new investors. The investments came from The Challenge Fund and the Consensus Group, along with existing investors Pitango Venture Capital, Eucalyptus, Star Ventures, and Valley Venture Capital. The firm also said it received a line of credit from Lighthouse Capital Partners. Mercado said the funding will go towards plans to expand into new markets. Mercado develops software for e-commerce. More information »