Mercado Software Completes New Round of Funding

Dec 15, 2006

Mercado Software, a provider of ecommerce search, navigation, and merchandising solutions, has secured $11.5 million in funding, which will support plans to expand into new markets in 2007. Israeli-based venture firm The Challenge Fund and British investment firm Consensus Group are first-time investors in Mercado Software. Other participants in this round were VC funds Pitango Venture Capital, Eucalyptus, Star Ventures, and Valley Venture Capital (formerly Mofet). The financing includes a line of credit by US venture funding institution Lighthouse Capital Partners.