Mercatus (formerly SCS Renewables), a Santa Clara, CA-based provider of Origination and Syndication Management for energy investors, raised more than $2m in Series A funding.
The round was led by Vision Ridge Partners, with participation from Augment Ventures and Shah Capital.
Founded in 2009 and led by Haresh Patel, CEO, Mercatus provides investors looking to making asset-class portfolio decisions with Origination and Syndication Management solutions. Its SaaS based platform aims to enhance the speed and efficiency of solar asset class origination teams by deploying internet technology with embedded domain knowledge, workflow tools, services, and collaborative environments.
Mercatus™ allows deal teams to manage the sourcing and vetting of new opportunities, as well as, the capital raising and deployment process.
It currently serves more than 40% of the U.S. commercial and utility solar markets and counts top global developers, institutional investors and independent power producers as customers.