VC  Meritage Funds

     Office Locations:

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



  • Early
  • Seed



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



    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.



      Fund Name



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    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
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    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):










      Series B


    Portfolio companies include:

      Access Media 3
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      Completel Europe
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      Crisp Media
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      Digital Fortress
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      Diveo Broadband Networks
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      Elementek/ PeakColo
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      Inflow Group
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      IP Commerce
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      Masergy Communications
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      MT Digital Media
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      Newpath Networks
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      Pipeline Financial Group
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      SMB Suite
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      Xspedius Communications
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    Recent News: