Mercado Raises $30 Million in Series D Mezzanine Round

From Venturewire

May 17, 2000
PALO ALTO, Calif. -- Mercado Software, a provider of search technologies for online commercial catalogues, said it raised $30 million in its final mezzanine round of funding. New investor HarbourVest Partners led the round, which included previous investors Chase H&Q;, Mofet Venture Capital Management, Polaris Venture Capital, and Walden Group of International Funds. The company said new funds will be used to expand sales and marketing, further product development, and continue expansion of international and domestic operations. An undetermined representative of HarbourVest Partners will replace an undetermined existing director of the company's board. The company said the investment was secured to ensure that the company would not be rushed into an initial public offering with unfavorable market conditions.
http://www.mercado.com

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