Mercado Software Nets $11.5 Million

Mercado Software Inc., a Pleasanton, Calif.-based provider of e-commerce search, navigation, and merchandising solutions, has raised $11.5 million in new funding. The Challenge Fund (Israel) and Consensus Group (UK) co-led the deal, and were joined by return backers Pitango Venture Capital, Eucalyptus, Star Ventures and Valley Venture Capital (f.k.a. Mofet). The deal includes a credit line from Lighthouse Capital Partners. The company has now raised over $70 million in total private funding.