# Mercantile Bank

> Mercantile Bank is a VC fund in Dhaka backing Pet, Medical and Veterinary. See 2 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Dhaka, Bangladesh
- Total investments: 2
- Last investment: Apr 2026
- Lead investor: 0%
- Last updated: Aug 2026
- Website: http://www.mblbd.com
- Facebook: https://www.facebook.com/mercantile.bd

Mercantile Bank is a VC fund in Dhaka focused on Pet and Medical. Mercantile Bank provides Islamic and other banking services such as deposits and loans.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Pet | 1 | 50% |
| Medical | 1 | 50% |
| Veterinary | 1 | 50% |
| Health Care | 1 | 50% |
| Telecommunications | 1 | 50% |

6 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Debt Financing | 1 | 50% |
| Private Equity | 1 | 50% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Bangladesh | 1 | 50% |
| United States | 1 | 50% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| PractiVet | PractiVet provides accurate information, fluid therapy control devices, equine products, pumps, needle-free port and container adapter. |  | Private Equity | Apr 29, 2026 | https://www.practivet.com |
| Banglalink | Banglalink is a provider of telecommunication and internet broadband services. | $138.7M | Debt Financing | Apr 27, 2022 | https://www.banglalink.net |

2 of 2 investments shown.

## Co-investors
- [Bank Asia](https://shizune.co/investors/profile/bank-asia-limited) — VC Fund, 1 deal together
- [BKash](https://shizune.co/investors/profile/bkash) — VC Fund, 1 deal together
- [Charter Growth Capital](https://shizune.co/investors/profile/charter-growth-capital-bec3) — VC Fund, 1 deal together
- [Chinook Investment Partners](https://shizune.co/investors/profile/chinook-investment-partners) — VC Fund, 1 deal together
- [Commercial Bank of Ceylon](https://shizune.co/investors/profile/commercial-bank-of-ceylon) — VC Fund, 1 deal together
- [Dhaka Bank Limited](https://shizune.co/investors/profile/dhaka-bank-limited) — VC Fund, 1 deal together

## Similar investors

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### Similar stage
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### Similar country
- [SBK](https://shizune.co/investors/profile/sbk-tech-ventures) — VC Fund
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## Featured in investor lists
- [All VC Funds in Bangladesh](https://shizune.co/investors/vc-funds-bangladesh)
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## FAQ

### What does Mercantile Bank invest in?

Mercantile Bank invests primarily in Pet, Medical and Veterinary startups, most often at Debt Financing and Private Equity stage. Most of the 2 investments tracked by Shizune back companies in Bangladesh. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Mercantile Bank last invest?

The most recent investment recorded for Mercantile Bank closed in Apr 2026. Shizune tracks 2 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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