FinTech

Growth

Vantage Pay

Embedded payments platform serving mid-market enterprises.

$120M

ARR

12

Markets

2.4B

Transactions/yr

Abstract image featuring sharp peaks in varying shades of blue and black, creating a dynamic, wave-like pattern.

WHY WE INVESTED

The opportunity
we saw.

Meridian Systems was building critical infrastructure in a market that most investors were ignoring supply chain visibility at the enterprise level. The problem was structural, the TAM was enormous, and the team had built
and scaled in this exact domain before.

What made us move quickly was the combination of proprietary data advantages, a sales motion that was already working, and a founding team that had lived the problem from the operator side. We led the Series B and have remained deeply engaged through every milestone.

HOW WE HELPED

Where we created
real value.

TALENT

We sourced and placed 4 senior executives across product, engineering, and go-to-market within the first 18 months of partnership, including a CFO who led the Series C process.

TALENT

We sourced and placed 4 senior executives across product, engineering, and go-to-market within the first 18 months of partnership, including a CFO who led the Series C process.

GO-TO-MARKET

Direct introductions to 12 enterprise accounts and 3 strategic distribution partners that collectively represent 40% of current ARR. We opened doors that would have taken years.

GO-TO-MARKET

Direct introductions to 12 enterprise accounts and 3 strategic distribution partners that collectively represent 40% of current ARR. We opened doors that would have taken years.

CAPITAL STRATEGY

Led the Series B process, structured the cap table for long-term founder alignment, brought 6 co-investors from our network, and closed in 47 days.

CAPITAL STRATEGY

Led the Series B process, structured the cap table for long-term founder alignment, brought 6 co-investors from our network, and closed in 47 days.

OUR THESIS

The structural conviction
behind our investment.

Enterprise supply chain visibility is not a feature, it is a category. The businesses that build the infrastructure layer in any emerging software vertical tend to become the most defensible, highest-margin companies in that ecosystem. Meridian is building exactly that: a platform so deeply embedded in its customers' operations that switching costs approach zero. We believe this company will be the category leader within three years and a generational business within ten.

WORK WITH US

Ready to explore
a partnership?

We review all applications within 10 business days.

COMMON QUESTIONS

Clarity before commitment.

Stay ahead of
private markets

The questions founders and fund managers ask most before applying to partner with Northbrook Fund.

The questions founders and fund managers ask
most before applying to partner with Northbrook Fund.

What types of companies do you invest in?

How selective is your intake process?

What does Northbrook Fund offer beyond capital?

How long does the application process take?

Do you lead rounds or co-invest?

How are you compensated?

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