Nauta Capital invests £3.5m in series-A for Mercaux
VC firm Nauta Capital has backed London-based software-as-a-service retail technology platform Mercaux with a ТЃ3.5m series-A funding round.
The company intends to use the fresh capital to boost its international expansion and accelerate its technology development.
According to the deal, Nauta general partner Carles Ferrer will join the company's board to support the management in this new phase of growth.
Unquote understands that the GP invested via its $170m Nauta Tech Invest IV fund, which held a final close on $170m in April 2017. The vehicle targets technology companies and deploys tickets between €1-3m.
Previous funding
Mercaux raised a seed round of $800,000 in September 2015.
Company
Founded in 2013 and headquartered in London, Mercaux provides retailers with a software-as-a-service platform to enable the digital transformation of their physical stores, helping improve business performance and creating a personalised customer experience.
The mobile sales assistance application offered by the company features real-time catalogue and inventory checks, styling ideas, access to customer profiles and a data portal.
Mercaux's customer base is composed of mid-sized to large multi-channel retailers operating within the fashion, sport and beauty segments, including international brands Karen Millen, French Connection, Benetton, Nike and Under Armour. It employs 29 staff.
People
Nauta Capital – Carles Ferrer (general partner).
Mercaux – Olga Kotsur (CEO).
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