About Mercato
Mercato is a company based in Brooklyn (United States) founded in 2015 by Dave Bateman. Mercato has raised $40.77 million across 7 funding rounds from investors including Velvet Sea Ventures, Team Europe and Greycroft. Mercato operates in a competitive market with competitors including Instacart, DoorDash, Postmates, Gopuff and Getir, among others.
- Headquarter Brooklyn, United States
- Founders Dave Bateman
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Sectors
Retail
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$40.77 M (USD)
in 7 rounds
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Latest Funding Round
$26 M (USD), Series A
Mar 25, 2021
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Investors
Velvet Sea Ventures
& 8 more
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Employee Count
Not available
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People of Mercato
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Funding Insights of Mercato
Mercato has successfully raised a total of $40.77M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $26 million completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Mercato
Mercato has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Velvet Sea Ventures, Team Europe and Greycroft.
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Venture capital firm investing in tech startups
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Multiple sectors are targeted for venture capital investments by Greycroft.
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Early-stage tech-focused VC firm investing primarily in the US
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Investor details for Mercato
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Investments & Acquisitions by Mercato
Investment portfolio details for Mercato
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Financial Statements - Mercato
Detailed financials for Mercato
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Mercato Comparisons
Peer comparison for Mercato
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Competitors of Mercato
Mercato operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Instacart, DoorDash, Postmates, Gopuff and Getir, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online marketplace platform offering multi-category grocery products
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Food and grocery deliveries are facilitated through an app-based platform.
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Online platform providing on-demand hyperlocal delivery services
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Online platform offering on-demand delivery services for food and groceries
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Multi-category grocery products are delivered via a mobile app platform.
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Asian groceries and essentials are retailed online by SayWeee.
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Detailed competitors of Mercato
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Latest news on Mercato
Complete news archive for Mercato
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Frequently Asked Questions about Mercato
Mercato was founded in 2015.
Mercato is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.
Mercato is a funded company, having raised a total of $40.77M across 7 funding rounds to date.
Mercato was founded in 2015 in Brooklyn, United States, and operates as an e-commerce platform in the food retail sector. Customers are linked to local specialty food shops, where items can be selected from one store or multiple merchants for a single order. Delivery or in-store pickup is scheduled by users. Platform features encompass express checkout, one-click reordering, referral programs, recipes, promo codes, discounts, and personalized shopping options.
Mercato has 9 investors. Key investors include Velvet Sea Ventures, Team Europe, Greycroft, Loeb.nyc, and Loeb Enterprises.