Mercato Partners

Multi-stage venture firmSEC venture capital fund adviser· Salt Lake City, UtahMERCATOPARTNERS.COM

We invest in leaders and growth-stage companies that are changing how we live, learn and work—for the better.

In the firm's own words, from its website.

Reported fund assets
$3.9M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
None
Investment team
1
Latest vintage
2023
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

3 additional team members, 8 additional co-investors and affiliates, 10 additional investments, funds and LPs, 21 events, 1 verified contact (1 firm phone)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What matters now

  1. 1 departure
    people, 12 months

    A team member departed on 21 Apr 2026.

    A partner leaving or arriving changes who decides, and who a founder or LP should call.

    InferenceIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)For Founders, LPs, recruitersTeam →

People to know

View all people
  • Managing Member, Mercato Management, Llc
    Why: Named with investment responsibility
    No route on file yet

Relationship network

33 connected entities3 observed rounds1 repeat counterparty

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

Reading the network
  • Sponsor
  • Company
  • Fund or vehicle
  • Person

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to Mercato Partners: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to Mercato Partners

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

6 companies on record, 0 new in 12 months
Investments on record
6 companies, 3 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Related readingportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Skullcandyportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Text Linkportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Stated thesis versus observed behaviour
8 observed deals
Stated (the firm’s website)
Sectors
data infrastructure
Stages
growth
Geography
not stated
Check size
not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Industries, each company once
Hardware and deep tech, Software or Tech-enabled and IT services (1)
lead rate no observed dealsfollow-on rate 100%new companies, 12 months 0

Team

5 current, 5 departed
Decision makers
who to call first, and why; then everyone else by function
  • Gregory Hansen Warnock · Managing Member, Mercato Management, Llc
    Why this person: Named with investment responsibility
Who else at this firm · 2 people, grouped by function
Finance, operations and compliance (2)
  • Brian Lanier · Chief Financial Officer
    Why this person: Chief Financial Officer at the firm
  • Nicky Rodriguez · Office Manager & Executive Assistant
    Why this person: Office Manager & Executive Assistant at the firm

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Investment team
5 current, 5 departed
4 departed (kept with end dates)
Contacts
1 firm phone

1 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

8 vehicles, 0 LPs disclosed
Funds and vehicles
8 reported, 2 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Mercato Partners Traverse Affiliates IV, L.P.Feeder or parallel2023 adv first reportedActive deployment$6.1M
Mar 29, 2024
40$0
of $40.0M
Dec 9, 2022
Mercato Partners Traverse IV Qp, L.P.Fund2022 adv first reportedActive deployment$216M
Mar 29, 2024
112$0
of $250M
Mar 10, 2021
Mercato Partners Traverse IV, L.P.Fund2022 adv first reportedActive deployment$17.1M
Mar 29, 2024
44unknownunknown
Limited partners
0 LPs, 0 disclosed commitments
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Known LPs and allocators
1 relationship across the firm's funds, from public pensions and the allocator graph
AllocatorTypeFundAmountDateSource
Larry H Miller & Gail Miller Family FoundationFOUNDATIONMercato Partners Traverse IV, L.P.$7.4M
fair value on the foundation's return
reported as of Dec 31, 2024Fact IRS Form 990 / 990-PF e-file returns

Relationships across DFX

11 co-investors · on 2 other DFX graphs
Co-investors
11 counted from shared deals, for the whole firm
Across DFX and the capital chainon 2 other DFX graphs · 1 capital path Show
Across DFX
  • The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Across the graphs

Mercato Partners is the same institution as 2 records in Allocators and RIA and Wealth.

Allocators1RIA and Wealth1

DFX found 2 relationships across 2 datasets

Which record it is in each graph, what it is called there, and how the two were matched.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Checking your plan…

Capital chain

Mercato Partners sits on 1 traced path of capital across the graphs.

Allocator commitments to a manager

DFX traced 1 path of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Evidence and history

26 dated events, 79 observations from 3 sources
Timeline
26 dated events
  1. Apr 21, 2026
    Ryan Kenneth Parker (Chief Financial Officer/Chief Compliance Officer) no longer on Schedule A of Mercato Partners
    Person leftPeopleInferenceRyan Kenneth ParkerForm ADV
  2. Mar 30, 2023
    Mercato Partners Traverse Affiliates IV, L.P. first reported on Form ADV by Mercato Partners (Venture Capital Fund), GAV $9,522,823
    Fund first reported on Form ADVFundsFactMercato Partners Traverse Affiliates IV, L.P.Form ADV
  3. Mar 31, 2022
    Mercato Partners Traverse IV Qp, L.P. first reported on Form ADV by Mercato Partners (Venture Capital Fund), GAV $243,790,068
    Fund first reported on Form ADVFundsFactMercato Partners Traverse IV Qp, L.P.Form ADV
  4. Mar 31, 2022
    Mercato Partners Traverse IV, L.P. first reported on Form ADV by Mercato Partners (Venture Capital Fund), GAV $16,133,103
    Fund first reported on Form ADVFundsFactMercato Partners Traverse IV, L.P.Form ADV
  5. Mar 31, 2022
    Mercato Partners Savory II Qp, LP first reported on Form ADV by Mercato Partners (Venture Capital Fund), GAV $79,603,535
    Fund first reported on Form ADVFundsFactMercato Partners Savory II Qp, LPForm ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Apr 21, 2026 · 3 private fundsShow
Headquarters
Salt Lake City, UTadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
SEC adviser type
Exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
Apr 21, 2026
Private funds reported
3 (3 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$3.9Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Every classification this record has carried4 on recordShow
  1. Sep 23, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $285M
  2. Sep 15, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $292M
  3. Sep 13, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $53M
  4. Sep 12, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $882M
Evidence
79 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedApr 21, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserApr 21, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 29, 2024FactForm ADV
SEC adviser typeExempt reporting adviserApr 21, 2026FactForm ADV
SEC adviser typeExempt reporting adviserApr 21, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 29, 2024FactForm ADV
First Form ADV filing2012-04-02Apr 21, 2026FactForm ADV
First Form ADV filing2012-04-02Mar 29, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-04-21Apr 21, 2026FactForm ADV
Latest Form ADV filing2026-04-21Apr 21, 2026FactForm ADV
Latest Form ADV filing2024-03-29Mar 29, 2024FactForm ADV
SEC statusApr 21, 2026FactForm ADV
SEC status effective2023-12-08Apr 21, 2026FactForm ADV
Venture share of reported funds1Apr 21, 2026FactForm ADV
Venture share of reported funds1Mar 29, 2024FactForm ADV
Business phoneApr 21, 2026FactForm ADV
Business phoneMar 29, 2024FactForm ADV
Contact page urlSep 30, 2026Factno URL
Contact page urlSep 16, 2026Factno URL
DescriptionSep 30, 2026Factno URL
DescriptionSep 16, 2026Factno URL
DescriptionSep 12, 2026Factno URL
HeadquartersSalt Lake City, UTApr 21, 2026FactForm ADV
HeadquartersSalt Lake City, UTMar 29, 2024FactForm ADV
Office addressApr 21, 2026FactForm ADV
Office addressMar 29, 2024FactForm ADV
Legal formLimited Liability CompanyApr 21, 2026FactForm ADV
Legal formLimited Liability CompanyMar 29, 2024FactForm ADV
Portfolio pageSep 30, 2026Factno URL
Portfolio pageSep 16, 2026Factno URL
Portfolio pageSep 12, 2026Factno URL
Private funds reported3Apr 21, 2026FactForm ADV
Private funds reported3Apr 21, 2026FactForm ADV
Private funds reported13Mar 29, 2024FactForm ADV
Private fund gross assets (reported)$3.9MApr 21, 2026FactForm ADV
Private fund gross assets (reported)$3.9MApr 21, 2026FactForm ADV
Private fund gross assets (reported)$1.1BMar 29, 2024FactForm ADV
Schedule a diffsadiff-1Apr 21, 2026FactForm ADV
Stated sectorsData infrastructure
“sector words on the home page”
Sep 30, 2026Factno URL
Stated sectorsData infrastructure
“sector words on the home page”
Sep 16, 2026Factno URL
Stated sectorsData infrastructure
“sector words on the home page”
Sep 12, 2026Factno URL
Stated stagesgrowth
“stage words on the home page”
Sep 30, 2026Factno URL
Stated stagesgrowth
“stage words on the home page”
Sep 16, 2026Factno URL
Stated stagesgrowth
“stage words on the home page”
Sep 12, 2026Factno URL
Team pageSep 30, 2026Factno URL
Team pageSep 16, 2026Factno URL
Team pageSep 12, 2026Factno URL
Venture funds reported3Apr 21, 2026FactForm ADV
Venture funds reported3Apr 21, 2026FactForm ADV
Venture funds reported13Mar 29, 2024FactForm ADV
WebsiteApr 21, 2026FactForm ADV
WebsiteMar 29, 2024FactForm ADV
Site titleSep 30, 2026Factno URL
Site titleSep 16, 2026Factno URL
Site titleSep 12, 2026Factno URL
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, confirmed · 2 filing advisers share this firmShow
Importance
27
moderate
Active deployment
25
moderate
Emerging
0
low
Freshness
100
high
Multi-stage venture firmSEC exempt reporting adviser

Both early and growth/opportunity families, reported GAV $285M

This firm files as 2 advisers on mercatopartners.com: Mercato Management Legacy, LLC. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.

The inputs behind each score
importance
gav: $0 · funds: 0.83 · people: 0.08 · investments: 0.34 · co investors: 0.42
active deployment
investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: not scored
emerging manager
fund count: 10 · reported gav: $3.9M · first adv filing: 2012-04-02 · years since first filing: 14.5

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Record history

1 dated event on the change ledger, latest event first
  • Adviser's first ADV filing
    2012-04-02source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.