What is Mercari?
Founded in 2013 and headquartered in Palo Alto, California, Mercari operates a dynamic ecommerce platform designed for the management of online retail activities. The company has established itself as a key facilitator in the digital commerce landscape, enabling seamless transactions and providing a comprehensive ecosystem for buyers and sellers. Mercari's business model focuses on simplifying the online selling experience, making it accessible and efficient for a broad user base.
How much funding has Mercari raised?
Mercari has raised a total of $114.4M across 5 funding rounds:
Angel/Seed
$500K
Series A
$3M
Series B
$14.1M
Series C
$21.8M
Series D
$75M
Angel/Seed (2013): $500K with participation from East Ventures
Series A (2013): $3M, investors not publicly disclosed
Series B (2014): $14.1M supported by GMO VenturePartners, Itochu Technology Ventures, Global Brain Corporation, and Globis Capital Partners
Series C (2014): $21.8M featuring East Ventures, World Innovation Lab, GMO VenturePartners, Global Brain, and Globis Capital Partners
Series D (2016): $75M, investors not publicly disclosed
Key Investors in Mercari
GMO VenturePartners
GMO VenturePartners is a venture capital firm focused on investing in IT startups across Japan, the USA, India, and Southeast Asia, particularly in the fintech sector. With over a decade of experience, they provide extensive support to their portfolio companies, helping them grow and enhance their value.
Itochu Technology Ventures
ITOCHU Technology Ventures (ITV), based in Tokyo, is the venture capital arm of ITOCHU Corporation. ITV's mission is to invest and help build leading information technology companies by leveraging a vast array of resources both domestically and internationally throughout ITOCHU and its group companies.
Global Brain Corporation
Global Brain is an independent venture capital firm that specializes in supporting startups to achieve global success through hands-on assistance and collaboration with large corporations. With over $2.3 billion in assets under management, the firm actively invests in more than 100 startups annually, focusing on various sectors including technology, healthcare, and education.
What's next for Mercari?
With a history of significant enterprise-level funding, Mercari is strategically positioned for continued expansion and innovation. The substantial capital infusion, including its recent major strategic investment, indicates a strong investor confidence in Mercari's market position and future potential. This financial strength will likely fuel further development of its platform, enhancement of user experience, and potential expansion into new markets or service offerings, solidifying its competitive edge in the global ecommerce arena.
See full Mercari company page
