About Mercell
Mercell is a company based in Oslo (Norway) founded in 1999 was acquired by Thoma Bravo in May 2022. Mercell has raised $87.78 million across 6 funding rounds from investors including Thoma Bravo, European Union and Viking Venture. Mercell has completed 3 acquisitions, including Cloudia, Negometrix and eu-supply. Mercell offers products and services including Tendering Platform, Tender Discovery, and Procurement Planning. Mercell operates in a competitive market with competitors including WCube, NovaFori, Altura, e-Avrop and VORTAL, among others.
- Headquarter Oslo, Norway
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Sectors
Government & Social SectorTechnology
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Mercell Danmark A/S
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Annual Revenue
Not available
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Net Profit
$3.59 M (USD)51as on Dec 31, 2021
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EBITDA
Not available
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Total Equity Funding
$87.78 M (USD)
in 6 rounds
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Latest Funding Round
$722.88 K (USD), Grant
May 01, 2021
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Investors
Thoma Bravo
& 2 more
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Employee Count
Not available
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Investments & Acquisitions
Cloudia
& 2 more
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Acquired by
Thoma Bravo
(May 25, 2022)
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Products & Services of Mercell
Mercell offers a comprehensive portfolio of products and services, including Tendering Platform, Tender Discovery, and Procurement Planning.
Platform for managing public tenders and bids efficiently
Tool for suppliers to identify and access public opportunities
Software for planning and analyzing procurement needs
People of Mercell
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Funding Insights of Mercell
Mercell has successfully raised a total of $87.78M across 6 strategic funding rounds. The most recent funding activity was a Grant round of $722.88 thousand completed in May 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 Mercell
Mercell has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Thoma Bravo, European Union and Viking Venture.
| Investor | Description | Founded Year | Domain | Location |
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Growth-stage tech and energy investments in Europe are targeted.
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Locked | Locked | Locked | |
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Software and technology-enabled services companies are targeted for investment.
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Locked | Locked | Locked |
Investor details for Mercell
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Mercell
Mercell has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Cloudia, Negometrix and eu-supply.
Investment portfolio details for Mercell
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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SaaS-based procurement solutions are provided by Cloudia for business operations.
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Locked | Locked | 2008 | Locked | |
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eProcurement and supplier management software is offered for manufacturers.
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Locked | Locked | 2000 | Locked | |
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SaaS platform for tender and contract management is utilized.
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Locked | Locked | 1999 | Locked |
Complete acquisition details for Mercell
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Financial Statements - Mercell
Detailed financials for Mercell
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Mercell Comparisons
Peer comparison for Mercell
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Competitors of Mercell
Mercell 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 WCube, NovaFori, Altura, e-Avrop and VORTAL, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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B2B procurement marketplace is operated for mid-sized enterprises.
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| Locked | Locked | Locked |
AI-enabled B2B marketplace for procurement and trading is provided.
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End-to-end bid management is streamlined and automated by AI.
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| Locked | Locked | Locked |
Cloud-based procurement software and services are provided by e-Avrop.
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Provider of procurement solutions for enterprises
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Detailed competitors of Mercell
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Latest news on Mercell
Complete news archive for Mercell
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Frequently Asked Questions about Mercell
Mercell was founded in 1999 and raised its 1st funding round 17 years after it was founded.
Mercell is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Mercell is a funded company, having raised a total of $87.78M across 6 funding rounds to date.
Mercell was founded in 1999 in Oslo, Norway, as a provider in the procurement technology sector. An eTender System is offered for online tendering to secure government and private projects. Tender Alert is utilized to deliver current information on public sector contracts and tenders. Operations focus on digital platforms that support bidding processes across Europe.
Mercell offers Tendering Platform, Tender Discovery, and Procurement Planning.
Mercell has made 3 acquisitions, including Cloudia, Negometrix, and eu-supply.
Mercell has 3 investors. Key investors include Thoma Bravo, European Union, and Viking Venture.