Tuesday, August 23, 2011

Report: Mercato Partners Goes For Fund II

Salt Lake City-based Mercato Partners, the venture capital firm run by Alan Hall and Greg Warnock, is likely to raise a second fund, according to a report today from PEHub.com. Mercato, whose portfolio firms include Fusion-io, Skullcandy, Cymphonix, MediConnect Global, and Control4, reportedly is seeing good returns from its investments. Both Fusion-io and Skullcandy recently completed IPOs. Mercato Partners raised its $53M Fund I in 2008. Hall is also heavily involved with Grow Utah Ventures, the effort to spur entrepreneurshp in Utah, and Warnock was also founder of vSpring Capital.