
Meritage Funds
501 S Cherry St, Suite 550, Denver, CO, 80246, United States
Overview
Meritage Funds is a Growth Equity Firm. We invest in entrepreneurs who are building technology enabled service and other recurring revenue businesses.
- Total investments
- 15
- Lead investments
- 3
- Investments · 12mo
- 0
- Active investors
- 8
Sector focus
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- Faction
Participated · Equity · Apr 2019
Peak delivers enterprise-class IaaS that value-added resellers, distributors, agents and service providers re-brand as their own. Its 100% channel-centric model gives partners a turnkey cloud platform featuring choice of hypervisors, Layer-2 connectivity, 100% SLA guarantees and compliance with Type II SSAE 16 and SOC 1 & 2 standards. The company operates cloud nodes in eight U.S. and European markets, including Silicon Valley, Seattle, Denver, Chicago, New Jersey, New York, Atlanta and the United Kingdom. Peak’s environment already hosts tens of thousands of virtual machines across multiple petabytes of storage for public, private, hybrid and disaster-recovery workloads. Technology offerings span Cisco UCS and Open Compute hardware and a VMware vCloud-powered stack, backed by Platinum-level NetApp Service Provider status. Recent capital has been earmarked for expanding node capacity, entering new markets, strengthening partnerships such as its agreement with Telx, and accelerating product development.
- CaliberMind
Participated · Seed · Oct 2016
CaliberMind is a Denver, Colorado–based B2B data platform that provides revenue analytics to help marketers scale their organizations. Founded in 2016 and led by CEO Eric Westerkamp, the platform connects to over 150 applications, including Salesforce and Marketo. Its system delivers insights across marketing and sales to drive go-to-market performance. The company plans to broaden its analytics scope to incorporate metrics throughout the full go-to-market motion. CaliberMind raised $8M in Series A funding and will use proceeds to grow its engineering team and focus on product development. It also plans to triple its go-to-market team with new hires across marketing, sales, and customer success in 2022. CaliberMind is a B2B marketing intelligence software provider that centralizes customer data for marketers. Its platform eliminates reporting silos and provides clean data to accelerate buyer-journey insights and help customers discover real return on marketing investment. Led by CEO Eric Westerkamp, CaliberMind helps B2B marketers optimize pipeline and revenue growth. The company plans to use the $2.0M seed extension to invest in product development and to scale go-to-market functions. The funding round was led by Newark Venture Partners and Falmouth Ventures. CaliberMind is based in Boulder, CO. CaliberMind offers a self-service audience targeting and data activation platform designed for B2B software companies to collect, enrich, analyze, and activate customer and account data. The product positions itself as a "digital brain and nervous system" for marketers, enabling diagnostics of data gaps, building 360-degree views of target accounts, refined campaign audiences, and multi-channel activation. It supports over one hundred one-click integrations and can update Salesforce in real time, alert reps via Slack, and retarget buyers on LinkedIn or Facebook. The company has strategic partnerships with data enrichment providers including Clearbit, FullContact, KickFire, Madison Logic, and Bombora. Customers named in the article include Apto, Datavail, Implan, and mParticle, and an Apto case cited a 15% decrease in cost-per-lead, 11% increase in MQL volume, and a 9% improvement in MQL-to-SQL conversion. CaliberMind will use new funding to accelerate product development, expand AI and machine-learning capabilities, and scale marketing and sales, and it recently announced two senior hires to support growth. CaliberMind is a marketing-technology platform that uses machine learning and human language analysis to build 360-degree psychographic buyer personas that predict buyer behavior. The platform connects to CRM systems and marketing tools (including Salesforce, Marketo and Eloqua), ingests voice and email conversations and scrapes web/social data to map buyers and prescribe content. CaliberMind targets midsize to enterprise B2B customers and reports shortening sales cycles by 20–30%; its roster includes Fortune 100 customers such as Citrix and NetApp. Implementation is publicly available and typically takes less than 30 days, with the product positioned at the mid-to-bottom of the funnel to improve conversion. The company plans to expand its data science team and accelerate sales growth, and says it will continue collecting psychographic data to improve predictive accuracy and prescription. The founding team and staff include former Israeli intelligence officers and veterans from NSA, Google and AdRoll.
- Datavail
Participated · Equity · Dec 2015
Datavail, founded in 2007 and based in Broomfield, Colorado, provides outsourced database administration and a broad range of services for databases, analytics and applications. It specializes in Oracle, Oracle E-Business Suite, OBIEE and OBIA, Hyperion, Microsoft SQL Server, MySQL, MongoDB, DB2 and SharePoint. The company offers 24×7 managed database, applications and BI/DW services, as well as design, architecture, staffing and data integration across North America. Datavail has more than 900 employees on payroll and maintains core operations in four countries. The firm received a growth capital investment from Orix Growth Capital to support continued organic growth and an acquisition strategy. The amount of the investment was not disclosed in the article. Datavail provides remote database administration services across North America, offering 24x7 managed database services, database design, architecture, and staffing. The company specializes in Oracle, Oracle E-Business Suite, Microsoft SQL Server, MySQL, MongoDB, DB2 and SharePoint. It offers flexible onsite/offsite and onshore/offshore service delivery options to meet varied client needs. Datavail is led by President and CEO Mark Perlstein and was founded in 2007. The company raised $47M in funding to support its operations and growth. Datavail is one of the largest providers of remote database administration (DBA) services in North America and the largest remote managed services provider in the Rocky Mountain region. The company offers database design and architecture, administration and 24x7 support, specializing in Oracle, Oracle E-Business Suite, Microsoft SQL Server and MySQL. Datavail provides flexible onsite/offsite and onshore/offshore service delivery options to enterprise clients worldwide. The company plans to expand operations into the Northeast to service New York, New Jersey and Philadelphia and will hire new employees to support this geographic growth. Management says it will also allocate funds to marketing initiatives, internal infrastructure projects, and R&D to develop new products that provide customers with greater database management efficiencies. Datavail was founded in 2007, is based in Broomfield, Colorado, acquired Seattle-based Blue Gecko in July 2012, and was included on the Inc. 5000 list.
- Peak
Participated · Equity · Jan 2014
Peak (formerly PeakColo) delivers enterprise-class infrastructure-as-a-service (IaaS) that channel partners—value-added resellers, distributors, agents, and service providers—can white-label as their own. Its cloud supports disaster recovery, production workloads, storage, and backup, running on dedicated compute and storage resources backed by an SLA. The company operates cloud nodes in eight geographic markets across the United States and Europe, including Silicon Valley, Seattle, Denver, Chicago, New Jersey, New York, Atlanta, and the United Kingdom. Peak’s partner-centric model allows it to grow through agreements such as a recent partnership with Telx for global interconnectivity and data-center solutions. Financially, the firm has attracted multiple rounds of outside capital, including $7.5 million in equity financing in 2012 and $4.5 million in financing in 2013, in addition to the current $4 million raise. The new funds will be used to bolster partnerships and expand into additional U.S. markets.
- SMB Suite
Led · Equity · Aug 2013
SMB Suite provides small and medium-sized businesses with a hosted, subscription-priced suite of ERP, CRM and eCommerce solutions. Its offerings are built on the Microsoft Dynamics suite (including Dynamics GP ERP, CRM, Office, SharePoint, Live Meeting) and incorporate email, web-based eCommerce and SalesForce.com integrations. The company configures, provisions, hosts and delivers these solutions for customers, positioning its platform to integrate data across applications and reduce total cost of ownership. SMB Suite says its unifying operating, delivery and support platform enables low operating costs while adding incremental value to customers by stitching together historically 'stovepipe' applications. The company recently raised $3M from Meritage Funds and will use the capital to expand its senior team and fuel customer growth while working with Meritage on strategic planning and scaling customer acquisition. SMB Suite is based in Irving, TX, led by founder and CEO David Greer with Matt Woodward as president, and has been recognized by Microsoft's Central Region as Dynamics Cloud Partner of the Year.