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Merit Systems

A startup building agentic commerce infrastructure. Founded by Samuel Ragsdale and Ryan Sproule, they are building Agent

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Our Take

AI agents can write code, book meetings, and generate images — but they can't actually buy anything. Merit Systems just raised $10M from a16z Crypto + Blockchain Capital to fix that, building AgentCash so AI agents can transact programmatically. Founded by Ryan Sproule (ex-a16z) and Samuel Ragsdale, they're solving the commerce gap before it becomes the next bottleneck in agentic workflows.

A startup building agentic commerce infrastructure. Founded by Samuel Ragsdale and Ryan Sproule, they are building AgentCash to enable AI agents to transact programmatically.

Research Notes

Merit Systems: Sam Ragsdale + Ryan Sproule raised $10M seed from a16z Crypto + Blockchain Capital (Jan 2025).

Key Facts

The people behind Merit Systems

Ryan Sproule

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Co-Founder & CTO at Merit Systems

Co-Founder & CTO at Merit Systems. Previously worked at a16z. Merit Systems raised $10M seed from a16z Crypto + Blockchain Capital.

Sam Ragsdale

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Founder & CEO at Merit Systems

Founder & CEO at Merit Systems. Co-founded with Ryan Sproule (CTO) and Mason Hall. Raised $10M seed from a16z Crypto + Blockchain Capital (Jan 2025). Previously at Andreessen Horowitz. New York.

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