Mercado Software, a Pleasanton company that provides e-commerce search technology, said it has raised $11.5 million in a third round of funding.

Investors include Israeli-based The Challenge Fund and British investment firm Consensus Group, and existing investors Pitango Venture Capital, Eucalyptus, Star Ventures and Valley Venture Capital (formerly Mofet). The financing includes a line of credit from Lighthouse Capital Partners.

The company, founded in Israel, but since headquartered in Pleasanton, said most of its sales are in Europe and Asia.