Utah-based Mercato Partners has raised $400M to invest in high-growth technology companies.

 

Utah-based Mercato Partners has raised $400M to invest in high-growth technology companies.   The firm manages over $1.6B worth of assets.     The fund, officially called Traverse Fund IV, will invest in high-growth tech companies. Founded in 2007, the company has invested in 67 companies since its inception. Some of its portfolio companies are: Atomic, Central Logic, Cotopaxi, Cradlepoint, DOMO, Ephesoft, Klover, Lambda,  Paytient, Prime Trust, etc. The firm manages four different funds. Each fund is deployed toward different verticals. Mercato is publically traded on NASDAQ. The company is based in Salt Lake City.