Mercell - About the company
Mercell is an acquired company based in Oslo (Norway), founded in 1999. It operates as an Online tendering platform. Mercell has raised $87.8M in funding. The company has 204 active competitors, including 19 funded and 5 that have exited. Its top competitors include companies like WCube, Zinit and NovaFori.
Company Details
Mercell's is a provider of the online tendering platform. the product offerings include eTender System, an online tendering solution for acquiring government and private projects, and Tender Alert, a tool to provide up-to-date information about public sector contracts and tenders.
- Website
- info.mercell.com/en/
- Email ID
- *****@mercell.com, *****@mercell.com
- Phone Number
- +47 **********
- Registered Address
- 149, Vesterbrogade, København V, 1620
Key Metrics
Founded Year
1999
Location
Oslo, Norway
Stage
Acquired
Total Funding
$87.8M in 6 rounds
Latest Funding Round
Investors
Ranked
4th among 204 active competitors
Employee Count
450 as on May 31, 2026
Exit Details
Acquired by Thoma Bravo (May 25, 2022)
Legal entities associated with Mercell
Mercell is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
MERCELL DANMARK A/S CIN: 25698851 , Denmark, Active | Oct 02, 2000 | - | - |
Mercell's acquisition details
Mercell got acquired by Thoma Bravo on May 25, 2022.
Click here to take a look at Mercell's acquisition in detail
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Mercell's funding and investors
Mercell has raised a total funding of $87.8M over 6 rounds. Its first funding round was on Jan 06, 2016. Its latest funding round was a Grant (prize money) round on May 01, 2021 for $*****. 1 investor participated in its latest round. Mercell has 2 institutional investors.
Here is the list of recent funding rounds of Mercell:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 01, 2021 | 2172644 | Grant (prize money) | 1188610 | 5377354 | 5427862 | 9925723 |
Feb 09, 2021 | 2629506 | Post IPO | 9245794 | 6888614 | 9170175 | 9309218 |
Jun 26, 2020 | 1661591 | PE | 2412923 | 7528996 | 1544660 | 4089595 |
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Mercell's founders and board of directors
Founder? Claim ProfileMercell's employee count trend
Mercell has 450 employees as of May 26. Here is Mercell's employee count trend over the years:
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Mercell's Competitors and alternates
Top competitors of Mercell include WCube, Zinit and NovaFori. Here is the list of Top 10 competitors of Mercell, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of a B2B procurement marketplace | $857K | 52/100 | ||
2nd |  Zinit 2023, Suwanee (United States), Seed | AI-native B2B sourcing and spend-optimization platform for enterprises | $8M | 51/100 | |
3rd |  NovaFori 2011, London (United Kingdom), Series A | Provider of configurable platform for auction and trading marketplace solutions | $11.4M | 48/100 | |
4th | Online tendering platform | $87.8M | 47/100 | ||
5th | Provider of web-enabled B2B procurement marketplace | $1.2M | 46/100 | ||
6th | Marketplace facilitating indirect procurement for maintenance repair and operations supplies | $43.3M | 45/100 | ||
7th | B2B portal for Metals & coal trade, and strategic procurement | - | - | 43/100 | |
8th | Provider of an AI platform for managing public procurement and tenders | $2.27M | 42/100 | ||
9th | Provider of cloud based B2B trade platform | $10M | 38/100 | ||
10th | Provider of artificial intelligence tools for managing public procurement processes | $1.08M | - | 38/100 |
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Mercell's Investments and acquisitions
Mercell has acquired 3 companies including Cloudia, Negometrix and eu-supply. Mercell has not made any investments as of now.Here is the list of its acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Jun 01, 2021 | Acquisition | 2008 | Helsinki (Finland) | |
Feb 10, 2021 | Acquisition | 2000 | Utrecht (Netherlands) | |
May 10, 2019 | Acquisition | 1999 | Stockholm (Sweden) |
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Reports related to Mercell
Here is the latest report on Mercell's sector:
News related to Mercell
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EU Supply Shareholders Approve GBP16 Million Acquisition By MercellMorningstar•Jul 02, 2019•eu-supply, Mercell
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Mercell Holding’s £15 Million Cash Offer For EU Supply PLCGlobal Legal Chronicle•May 22, 2019•Mercell, eu-supply
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EU Supply Shares Surge On GBP16 Million Takeover Approach From Mercell (ALLISS)Morningstar•May 10, 2019•eu-supply, Mercell
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