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Mendacre operates as a deal-by-deal expansion capital fund, specializing in strategic investments and active management of early-stage companies. The firm directs its capital deployment across key sectors, including retail, commercial services, and software. Mendacre provides targeted funding and strategic oversight, designed to support the growth and scalability of its portfolio ventures.
Nicholas Hyde co-founded Mendacre in January 2017, driven by the insight that flexible, deal-specific expansion capital was crucial for early-stage investment. Hyde, utilizing his background in finance and law, established the fund to address the unique capital requirements of nascent companies. His vision was to create a responsive investment vehicle for promising startups seeking growth.
Mendacre primarily serves early-stage companies within its specified sectors, offering both financial backing and strategic guidance. The firm's vision centers on cultivating innovative enterprises through efficient capital allocation. Mendacre continually identifies compelling opportunities to partner with founders and their ventures, aiming to foster substantial value creation across its investment portfolio.
Mendacre has 4 tracked investments across 3 companies. The latest tracked deal is $16.0M Seed in Swiftly in September 2019.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Sep 1, 2019 | Swiftly | $16.0M Seed | — | Altair Capital Management, Ballast Point Ventures, B Capital Group, DNX Ventures, IDG Ventures, Alexander Rosen, Thayer Ventures, Erik Blachford, RON Burkle, SAM Mcbride, Vivek Garipalli, Novel Private Equity, The Ward Family |
| Dec 1, 2018 | Placemakr | $11.0M Series A | Highland Capital Partners | Camber Creek, Geolo Capital, MetaProp, Revolution |
| Jun 1, 2018 | Placemakr | $4.0M Seed | Camber Creek | Highland Capital Partners, Mitchell Schear, MetaProp, Revolution, Vornado/Charles E. Smith, Working LAB Capital |
| Aug 21, 2017 | Commonwealth Joe (CWJ) | $2.5M Seed | Mendacre | Hammerstone Capital, Stroud Companies |