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 multiple investment funds representing more than $1 billion of committed capital. Over 40 years ago, the founders united to oversee venture capital and private equity funds. 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
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