Friday, February 24, 2017

Mercatus Gets $5.1M For Energy Management Tools

San Mateo-based Mercatus, a developer of cloud-based software used by utilities and power producers to manage their energy development projects, has raised $5.1M in a Series B extension, the company announced on Thursday. The new funding was led by TPG Alternative & Renewable Technologies Research (TPG ART). The round brings its total raised in its Series B to $16.8M, according to the company. Mercatus is led by Haresh Patel.