Tuesday, July 17, 2012

Mercato Partners Tops $115M For New Fund

Salt Lake City-based venture capital firm Mercato Partners appears to be having some success in raising its second, venture capital fund, Mercato Partners Growth II, based on regulatory filing from the fund this week. The venture capital firm, which is run by Alan Hall and Greg Warnock, reports in the filing that it has 78 investors who have committed $115M so far to the fund, which is double the firm's prior fund, which was $53M. The fundraising efforts seem to reflect the fund's list of successful exits, which include Fusion-io and Skullcandy, both of whom have had IPOs recently.