Mercatus announced today that it completed series A funding led by Trepp.
In a press release, Trepp said it anticipates it will be able to support expanding Mercatus’ non-proprietary data collected in its platform to help accelerate "the entry and scale of the capital markets continuing to invest in the solar asset class."
In June 2013, Mercatus, a software solutions provider for the energy finance industry, introduced a credit-scoring platform for commercial projects in the energy industry.
The platform, based on four years of due diligence and transactions with 50 of the top U.S. financial organizations, delivers FICO like scoring to commercial solar projects, which is visible to developers and investors alike. The firm has provided its credit and risk rating to over 1,400 commercial and industrial projects to date.
“It was clear that Mercatus was the leader providing the platform and tools to streamline and standardize the investment process,” said Dan Gottlieb, Chief Operating Officer of Trepp, who is now a Board Member of Mercatus.