Meritage Funds

Meritage Funds, established in 1998 and based in Arvada, Colorado, is a growth equity firm that invests in early-stage, technology-enabled service and recurring revenue businesses. The firm collaborates closely with entrepreneurs, providing tailored solutions that combine financial equity with strategic expertise to drive growth and operational excellence. Meritage's approach aligns its equity investment and expert guidance with the unique vision and goals of each organization, empowering entrepreneurs to scale their businesses and create long-term value.

Jim Allen

Operating Partner

Jim Dovey

Operating Partner

Doug Holladay

Operating Partner

David Solomon

Founder and Managing Director

Jack Tankersley

Founder and Managing Director

38 past transactions

Faction

Series B in 2019
Faction Inc. is an Infrastructure-as-a-Service (IaaS) cloud service provider that specializes in offering private, public, and hybrid cloud solutions through partnerships. The company provides a variety of services including Private Cloud, which delivers computing, storage, and networking resources; Protected Cloud for business continuity backup; Reservations Cloud for disaster recovery; and White Label Cloud, enabling clients to create virtual machines for enterprise workloads. Additionally, Faction offers hybrid hosting solutions tailored to specific networking and storage needs, along with managed services, software solutions, colocation, and bare metal options. Founded in 2006 and based in Denver, Colorado, Faction operates data centers in multiple locations across the United States and the United Kingdom, catering to an array of clients seeking high-performance and customizable cloud solutions.

SmartSky Networks

Series C in 2019
SmartSky Networks, LLC is a provider of air-to-ground broadband connectivity solutions for business and commercial aviation. The company develops innovative communication systems that utilize a 4G LTE network, combined with elements of 5G technology, to deliver high-performance connectivity for aircraft. With 60 MHz of spectrum, SmartSky's network offers real-time, low-latency, bidirectional data transmission, enabling an in-flight experience comparable to ground-based connectivity. This capability supports a wide range of applications and services for passengers and crew. Founded in 2011 and based in Charlotte, North Carolina, SmartSky Networks was previously known as Jetpool Ventures, LLC, and has established a strategic partnership with Avidyne Corporation to enhance its offerings in the aviation sector.

Faction

Series B in 2018
Faction Inc. is an Infrastructure-as-a-Service (IaaS) cloud service provider that specializes in offering private, public, and hybrid cloud solutions through partnerships. The company provides a variety of services including Private Cloud, which delivers computing, storage, and networking resources; Protected Cloud for business continuity backup; Reservations Cloud for disaster recovery; and White Label Cloud, enabling clients to create virtual machines for enterprise workloads. Additionally, Faction offers hybrid hosting solutions tailored to specific networking and storage needs, along with managed services, software solutions, colocation, and bare metal options. Founded in 2006 and based in Denver, Colorado, Faction operates data centers in multiple locations across the United States and the United Kingdom, catering to an array of clients seeking high-performance and customizable cloud solutions.

Faction

Series B in 2018
Faction Inc. is an Infrastructure-as-a-Service (IaaS) cloud service provider that specializes in offering private, public, and hybrid cloud solutions through partnerships. The company provides a variety of services including Private Cloud, which delivers computing, storage, and networking resources; Protected Cloud for business continuity backup; Reservations Cloud for disaster recovery; and White Label Cloud, enabling clients to create virtual machines for enterprise workloads. Additionally, Faction offers hybrid hosting solutions tailored to specific networking and storage needs, along with managed services, software solutions, colocation, and bare metal options. Founded in 2006 and based in Denver, Colorado, Faction operates data centers in multiple locations across the United States and the United Kingdom, catering to an array of clients seeking high-performance and customizable cloud solutions.

CaliberMind

Seed Round in 2016
CaliberMind is a developer of a B2B customer data platform designed to enhance the effectiveness of revenue marketers. The platform offers a range of features, including marketing attribution, engagement scoring, and insights into sales funnels and pipeline conversion points. It also provides tools for data integration, account engagement, and marketing workflow automation, allowing companies to leverage their sales, marketing, and customer data more effectively. By doing so, CaliberMind aims to help businesses optimize productivity, improve customer engagement, and ultimately increase revenue.

IP Commerce

Series A in 2016
IP Commerce is a privately held software company serving small and medium sized businesses (SMBs). Its flagship solution, Commerce Sync, simplifies accounting for thousands of SMBs, helping business owners realize valuable time savings, increased accuracy, and complete business visibility. The Company is headquartered in Denver, Colorado.

DatAvail

Series E in 2015
Datavail Corporation, established in 2001 and headquartered in Broomfield, Colorado, specializes in remote database management services. The company offers a range of solutions including design and architecture, administration, outsourcing, staff augmentation, monitoring, troubleshooting, backup, recovery, and incident management. Datavail aims to minimize downtime for businesses by providing comprehensive data and applications management services, enabling clients to focus on their core operations.

Faction

Series A in 2015
Faction Inc. is an Infrastructure-as-a-Service (IaaS) cloud service provider that specializes in offering private, public, and hybrid cloud solutions through partnerships. The company provides a variety of services including Private Cloud, which delivers computing, storage, and networking resources; Protected Cloud for business continuity backup; Reservations Cloud for disaster recovery; and White Label Cloud, enabling clients to create virtual machines for enterprise workloads. Additionally, Faction offers hybrid hosting solutions tailored to specific networking and storage needs, along with managed services, software solutions, colocation, and bare metal options. Founded in 2006 and based in Denver, Colorado, Faction operates data centers in multiple locations across the United States and the United Kingdom, catering to an array of clients seeking high-performance and customizable cloud solutions.

SmartSky Networks

Venture Round in 2015
SmartSky Networks, LLC is a provider of air-to-ground broadband connectivity solutions for business and commercial aviation. The company develops innovative communication systems that utilize a 4G LTE network, combined with elements of 5G technology, to deliver high-performance connectivity for aircraft. With 60 MHz of spectrum, SmartSky's network offers real-time, low-latency, bidirectional data transmission, enabling an in-flight experience comparable to ground-based connectivity. This capability supports a wide range of applications and services for passengers and crew. Founded in 2011 and based in Charlotte, North Carolina, SmartSky Networks was previously known as Jetpool Ventures, LLC, and has established a strategic partnership with Avidyne Corporation to enhance its offerings in the aviation sector.

SMB Suite

Venture Round in 2013
SMB Suite offers a cloud-based solution that integrates Microsoft Dynamics ERP, CRM, and eCommerce specifically tailored for small and mid-sized businesses. This platform provides web-based accounting software that enables users to make informed decisions through its low-cost financial accounting and enterprise resource planning features. Designed with business intelligence capabilities and pre-built reports, SMB Suite helps growing businesses efficiently leverage enhanced technology to achieve their operational goals.

DatAvail

Series C in 2012
Datavail Corporation, established in 2001 and headquartered in Broomfield, Colorado, specializes in remote database management services. The company offers a range of solutions including design and architecture, administration, outsourcing, staff augmentation, monitoring, troubleshooting, backup, recovery, and incident management. Datavail aims to minimize downtime for businesses by providing comprehensive data and applications management services, enabling clients to focus on their core operations.

EdgeConneX

Series B in 2012
EdgeConneX provides infrastructure solutions for various industries including content providers, network operators, and telecommunications companies. The company specializes in edge-of-network facilities that optimize the delivery of digital content by placing Edge Data Centers, Edge Small Cells, and Edge Points of Presence (PoPs) close to end-users. These facilities offer space, power, and connectivity options tailored to meet the growing demands of businesses and their customers. Founded in 2009 and headquartered in Herndon, Virginia, with an additional office in Denver, Colorado, EdgeConneX also has facilities in Warsaw, Poland, and Buenos Aires, Argentina. The company is committed to delivering sustainable and environmentally friendly data center solutions.

Digital Fortress

Venture Round in 2012
Digital Fortress is a technology and colocation data center company headquartered in Seattle, Washington, founded by Timothy Doherty in 2012. The company operates multi-tenant and wholesale data centers, offering high power density infrastructure designed to support over 250 watts per square foot. Its facilities provide redundant power, cooling, and connectivity options that accommodate various configurations, from single cabinets to large secure private cages. Digital Fortress also delivers cloud and operational management services, along with conditioned, uninterruptible power through UPS units featuring dual independent circuits for full redundancy. By providing colocation, network, and cloud access services, Digital Fortress enables information technology professionals to scale their operations and enhance data connectivity for their businesses.

IP Commerce

Venture Round in 2011
IP Commerce is a privately held software company serving small and medium sized businesses (SMBs). Its flagship solution, Commerce Sync, simplifies accounting for thousands of SMBs, helping business owners realize valuable time savings, increased accuracy, and complete business visibility. The Company is headquartered in Denver, Colorado.

Crisp Mobile

Series C in 2011
Crisp Mobile is a pioneering company in mobile advertising technology, dedicated to helping brands engage customers at the point of purchase through mobile devices. It offers the Crisp MoCA platform, an end-to-end mobile customer activation solution designed to enhance retail and consumer packaged goods (CPG) marketing strategies. By pinpointing mobile shoppers at the right time and place, Crisp delivers data-driven experiences that encourage store visits and drive sales while providing accurate measurements of campaign success. With a strong focus on innovation, Crisp has established itself as a preferred platform provider for leading brands in the retail and CPG sectors. The company is privately held and has its headquarters in New York, along with an office in Singapore.

Crisp Mobile

Series B in 2008
Crisp Mobile is a pioneering company in mobile advertising technology, dedicated to helping brands engage customers at the point of purchase through mobile devices. It offers the Crisp MoCA platform, an end-to-end mobile customer activation solution designed to enhance retail and consumer packaged goods (CPG) marketing strategies. By pinpointing mobile shoppers at the right time and place, Crisp delivers data-driven experiences that encourage store visits and drive sales while providing accurate measurements of campaign success. With a strong focus on innovation, Crisp has established itself as a preferred platform provider for leading brands in the retail and CPG sectors. The company is privately held and has its headquarters in New York, along with an office in Singapore.

IP Commerce

Series C in 2008
IP Commerce is a privately held software company serving small and medium sized businesses (SMBs). Its flagship solution, Commerce Sync, simplifies accounting for thousands of SMBs, helping business owners realize valuable time savings, increased accuracy, and complete business visibility. The Company is headquartered in Denver, Colorado.

Fixmo Carrier Services

Series A in 2008
Fixmo Carrier Services is a provider of end-to-end mobile device management software, specializing in solutions for enterprises, resellers, and device manufacturers. The company offers a software-as-a-service model that enables clients to manage deployed wireless devices across various platforms and carriers. Among its products is Perlego Backup, designed specifically for BlackBerry smartphones, which allows users to back up important data such as contacts, music, pictures, and videos. Additionally, Perlego Plus caters to corporate clients, providing functionalities to view and export backup data to social media, restore information to any supported smartphone, and securely wipe data from devices that are lost or stolen.

Veeker

Series A in 2007
Veeker Corp. is a messaging service provider that specializes in video and picture messaging for mobile phones and the web. Founded in 2005 and headquartered in San Francisco, California, the company operates Veeker.com, an online platform that allows users to send, receive, and store various types of messages including video, text, and picture messages. Veeker's services extend across mobile devices, emails, profile pages, blogs, and widgets, facilitating seamless communication through multimedia formats.

IP Commerce

Series B in 2007
IP Commerce is a privately held software company serving small and medium sized businesses (SMBs). Its flagship solution, Commerce Sync, simplifies accounting for thousands of SMBs, helping business owners realize valuable time savings, increased accuracy, and complete business visibility. The Company is headquartered in Denver, Colorado.

Mobile Content Networks

Series B in 2007
MCN (Mobile Content Networks) provides mobile search management and revenue solutions that connect mobile users directly to the content they seek while delivering profitable new revenue streams for operators and content providers. MCN is led by an experienced, global management team and backed by some of the most successful venture capital firms in the U.S. and Japan. Before launching the company in 2004, MCN conducted a multi-year study of the unique characteristics of the mobile commerce ecosystem. Equipped with a thorough understanding of the industry’s unique needs, MCN pioneered real-time federated search management, as well as the mobile industry’s highest performing paid search program, allwords.

Mobile Content Networks

Series A in 2006
MCN (Mobile Content Networks) provides mobile search management and revenue solutions that connect mobile users directly to the content they seek while delivering profitable new revenue streams for operators and content providers. MCN is led by an experienced, global management team and backed by some of the most successful venture capital firms in the U.S. and Japan. Before launching the company in 2004, MCN conducted a multi-year study of the unique characteristics of the mobile commerce ecosystem. Equipped with a thorough understanding of the industry’s unique needs, MCN pioneered real-time federated search management, as well as the mobile industry’s highest performing paid search program, allwords.

Cdigix

Venture Round in 2005
Cdigix is a provider of secure, legal digital entertainment and educational media to directly serve the college market.

Masergy

Series C in 2005
Masergy Communications, Inc., established in 2000, is a global technology company specializing in hybrid networking, managed security, and cloud communication solutions for enterprises. Headquartered in Plano, Texas, with offices worldwide, Masergy owns and operates a software-defined platform that delivers customized, high-performance services. These include managed SD-WAN and virtualized CPE, unified communications, cloud contact center, and managed security solutions. Masergy's offerings are supported by its extensive global network platform, ensuring guaranteed performance, scalability, and reach. The company also provides professional security services, a mobile application for business communications, and AI-based network and security optimization solutions. Masergy is renowned for its award-winning technology, flexible solutions, and exceptional customer care.

Atreus Systems

Series C in 2003
Atreus delivers provisioning solutions for a variety of advanced IP services for both the business and consumer markets.

Xaffire

Venture Round in 2003
Provider of web application management services. The company develops a digital platform that offers session, content and performance statistics for diagnosis of the problem at the application layer.

Masergy

Series B in 2003
Masergy Communications, Inc., established in 2000, is a global technology company specializing in hybrid networking, managed security, and cloud communication solutions for enterprises. Headquartered in Plano, Texas, with offices worldwide, Masergy owns and operates a software-defined platform that delivers customized, high-performance services. These include managed SD-WAN and virtualized CPE, unified communications, cloud contact center, and managed security solutions. Masergy's offerings are supported by its extensive global network platform, ensuring guaranteed performance, scalability, and reach. The company also provides professional security services, a mobile application for business communications, and AI-based network and security optimization solutions. Masergy is renowned for its award-winning technology, flexible solutions, and exceptional customer care.

NuVox Communications

Private Equity Round in 2002
NuVox is a provider of voice and data network communications, primarily serving businesses in the United States. The company offers a range of services, including broadband access, conference calling, data security and backup, voicemail, and web hosting. By delivering comprehensive communication solutions, NuVox enables organizations to enhance their operational efficiency and connectivity.

Inflow

Venture Round in 2002
Inflow provides facility-based information technology outsourcing solutions.

Matrix.Net

Series B in 2002
Incorporated in 1990, MIDS is a pioneer of electronic commerce. MIDS started Matrix IQ the first for-pay non-academic periodical distributed over the Internet drew the first maps of the Internet as a whole, conducted the first demographic survey of the Internet, MIDS Internet Average and first monitored the Internet as a whole. MIDS is known as the granddaddy of Internet monitoring service providers. Since 1993 MIDS has been collecting a continuous stream of data in Their Internet Weather Report MIDS Internet Weather Report. Since 1995, MIDS has been displaying IWR data on the web as animated GIF and Java maps of current conditions in the Internet. MIDS makes geographical maps of Internet hosts, hosts per capita, latencies, links, and other aspects of the Internet available.

Masergy

Series A in 2002
Masergy Communications, Inc., established in 2000, is a global technology company specializing in hybrid networking, managed security, and cloud communication solutions for enterprises. Headquartered in Plano, Texas, with offices worldwide, Masergy owns and operates a software-defined platform that delivers customized, high-performance services. These include managed SD-WAN and virtualized CPE, unified communications, cloud contact center, and managed security solutions. Masergy's offerings are supported by its extensive global network platform, ensuring guaranteed performance, scalability, and reach. The company also provides professional security services, a mobile application for business communications, and AI-based network and security optimization solutions. Masergy is renowned for its award-winning technology, flexible solutions, and exceptional customer care.

NuVox Communications

Venture Round in 2001
NuVox is a provider of voice and data network communications, primarily serving businesses in the United States. The company offers a range of services, including broadband access, conference calling, data security and backup, voicemail, and web hosting. By delivering comprehensive communication solutions, NuVox enables organizations to enhance their operational efficiency and connectivity.

Inflow

Venture Round in 2001
Inflow provides facility-based information technology outsourcing solutions.

Matrix

Series A in 2001
Provides services to measure Internet performance.

Matrix.Net

Series A in 2001
Incorporated in 1990, MIDS is a pioneer of electronic commerce. MIDS started Matrix IQ the first for-pay non-academic periodical distributed over the Internet drew the first maps of the Internet as a whole, conducted the first demographic survey of the Internet, MIDS Internet Average and first monitored the Internet as a whole. MIDS is known as the granddaddy of Internet monitoring service providers. Since 1993 MIDS has been collecting a continuous stream of data in Their Internet Weather Report MIDS Internet Weather Report. Since 1995, MIDS has been displaying IWR data on the web as animated GIF and Java maps of current conditions in the Internet. MIDS makes geographical maps of Internet hosts, hosts per capita, latencies, links, and other aspects of the Internet available.

Inflow

Series C in 2000
Inflow provides facility-based information technology outsourcing solutions.

Ecrix

Venture Round in 2000
Ecrix specializes in developing data-storage tape products designed for various computing systems and network configurations. The company is known for its VXA tape storage solution, which employs a mechanically simpler and more reliable design. This unique variable speed operation reduces stress on both the mechanism and the media, helping clients achieve cost savings while ensuring reliable data storage. Founded in 1996 by Juan Rodriguez and Kelly Beavers, Ecrix is headquartered in Boulder, Colorado. It was acquired by Exabyte Corporation in August 2001.
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