VC  Meritage Funds

http://www.meritagefunds.com





     Office Locations:

1675 Larimer Street, Suite 400
Denver, CO 80202
Phone: 303-352-2040
Fax: 303-352-2050

 

Stages:

  • Early
  • Seed


 

Industries:

  • Communications & Networking
  • Financial Services
  • Information Technology
  • Software & Internet

  •  

    Description:

    Founded in 1998, Meritage Funds is a Denver-based family of venture capital funds that manages three investment funds representing more than $600 million of committed capital. The firm is currently investing Meritage Fund III and is actively seeking new investment opportunities. The firm invests in network-enabled service companies, specifically those that leverage networks to enable communication, deliver content, and facilitate commerce. Meritage pursues investment opportunities that require between $5 and $15 million of capital to accelerate growth of an existing core business that has a financial profile including: Annual revenue between $3 and $20 million, the majority of which is recurring in nature; and EBITDA positive or a clear path to EBITDA positive status. The firm's flexible investment mandate enables it to craft a financing approach that is appropriate for virtually any situation. Meritage makes both minority and control investments and will consider direct equity financings, recapitalizations, control acquisitions, consolidations, restructurings, spin-outs and management buy-outs. The firm's FastStart Program allows Meritage to capitalize on unique opportunities by investing up to $1 million at the earliest stages of a network-enabled service company's development.


     

    Funds:


      Fund Name


      Amount


      Date

    Get funds under management for this firm including Fund name, Dollar size of fund raise, and Vintage with a National Database subscription.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Chris MacFarland Operating Partner
    David Solomon Managing Director
    Derek Pilling Managing Director
    Doug Holladay Operating Partner
    Jack Tankersley Founder & Managing Director

     

    Recent Funding Events (trailing 12 months):


      Date


      Name


      State


      Amount


      Stage


      03/15/2018


      Faction


      CO


      $18,000,000


      Series B


     

    Portfolio companies include:


      Access Media 3
        web link


      CaliberMind
        web link


      Completel Europe
        web link


      Crisp Media
        web link


      Datavail
        web link


      Digital Fortress
        web link


      Diveo Broadband Networks
        web link


      EdgeConnex
        web link


      Elementek/ PeakColo
        web link


      Faction
        web link


      Inflow Group
        web link


      IP Commerce
        web link


      Masergy Communications
        web link


      Miniweb
        web link


      MT Digital Media
        web link


      Newpath Networks
        web link


      NuVox
        web link


      PeakColo
        web link


      Perlego
        web link


      Pipeline Financial Group
        web link


      SMB Suite
        web link


      Xspedius Communications
        web link


     

    Recent News: