Solar Investor Project Analysis Firm Gets $1.7M Series A

San Jose, CA-based Mercatus, founded in 2009, received Series A funding on January 28 from Trepp, LLC, the lead investor, and included Vision Ridge Partners, Augment Ventures and Shah Capital. Dan Gottlieb, Chief Operating Officer of Trepp, has joined Mercatus’ Board. The new capital closes its Series A round at $3.7 million, and it previously raised $2 million in June 2013 from Vision Ridge Partners, with participation from Augment Ventures and Shah Capital.

According to the Silicon Valley Business Journal, the company may use the funds for upcoming M&A deals, with some big announcements planned in February.

The company is a project evaluation platform used by solar project developers and financiers to evaluate and select viable commercial and industrial solar projects. The underlying Mercatus platform and process consists of a rich information database and analytics engine consisting of over 10GW of commercial, industrial and utility distributed generation solar assets. Its database is currently tracking over 570 unique data points on over 750 active commercial and industrial projects.

Mercatus provides investors looking to make asset-class portfolio decisions with Origination and Syndication Management project evaluation solutions. Its SaaS-based platform aims to enhance the speed and efficiency of solar asset class origination teams by deploying Internet technology with embedded domain knowledge, workflow tools, services, and collaborative environments.

To read the press release, click here

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