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New Utah Venture Capital Fund, Mercato Partners, Opens Its Doors

Mercato Partners is an innovative growth equity investor committed to helping companies find their place in the market through rapid, well-planned growth. Founded by serial entrepreneurs and venture capitalists, Greg Warnock and Alan Hall, Mercato Partners carefully audits its partner companies to forecast what is real and achievable. By providing proven expertise in sales, marketing, communication and strategic vision, then matching that with the necessary financial and human resources, Mercato Partners helps companies see the end goal from the beginning.

Mercato Partners combines Utah entrepreneur Alan Hall's knowledge of the channel, sales execution and rigorous due-diligence methodology with Utah venture capitalist Greg Warnock's investment acumen and experiences making Mercato Partners the capstone of their careers.

Visit www.mercatopartners.com for more information.

 

Meosphere.com Recently Launched

Meosphere, a new Web 2.0 site that infuses life experiences into a social networking platform, has launched www.meosphere.com after closing a second round of funding. Meosphere has raised its capital through Utah angel investors and is using the funds to expand content, finalize design and generate national awareness of the new site. The Founder and CEO of Meosphere is Utah entrepreneur, Eric Eliason.

Meosphere differentiates itself from existing social networking sites by encouraging users to get offline and become immersed in the real world. This new take on social networking provides users with thousands of pre-built lists, letting them select everywhere they've been and everything they've done, building an impressive personal history that can either be shared online or kept private. The more they do offline, the larger their personal Meosphere becomes. Additionally, users can connect with others who share similar interests, make recommendations on everything from beaches to restaurants to books, and create visual and detailed checklists of future goals and ambitions.

Sign up for free at www.meosphere.com

 

Lingotek Receives $1.6 Million in Second Round of Funding

Provo-based meaning-based language translation providor, Lingotek, raised $1.6 million in Series A-2 financing this March. The A-2 round was led by Canopy Ventures, of Lindon, Utah contributing $1 million. Previous investors including Flywheel Ventures also participated in the A-2 round. This financing follows a $1 million Series A-1 round of funding in 2006. Lingotek will use the funding to expand its sales and marketing efforts and further increase its presence in the language translation market.

Lingotek has developed a Web 2.0 service called the Language Search Engine to dramatically improve the translation process. Lingotek provides online language information technology that cuts costs in half, doubles the output of human translators and improves the quality of the translations.

Lingotek's customers are quickly recognizing that traditional methods for translation are outmoded and outdated to meet the increasing demands of global communication. Language professionals today need a fast, easy and inexpensive method to access relevant multilingual knowledge. Lingotek's Language Search Engine satisfies language professionals' demands for translation knowledge.

See www.lingotek.com for more information.

 

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Launch - Mar/Apr 2007

 

 

The full "digital magazine" version of Mar/Apr 2007 is currently unavailable.