Mercado, a Dallas, TX-based International Supply Chain (ISC) platform connecting global supply with global demand, raised $2.5M in funding.
The round led by Ironspring Ventures, which was joined by new investor Supply Chain Ventures. This investment comes after Mercado closed a $3.2 million seed round in November 2019 led by LiveOak Venture Partners with participation from Schematic Ventures, Story Ventures, and Amplifier. All of the seed investors participated in this round with full support.
The company intends to use the funds to expand operations and its business reach.
Founded in 2018 and led by Rob Garrison, CEO and founder, Mercado provides an international supply chain for importers to improve their business operations, driving greater automation, collaboration, transparency, and predictability. In conjunction with the funding, Ironspring Ventures Managing Partner Ty Findley will be joining the Mercado Board of Directors.