Merqueo Secures USD14 Million from Portland Private Equity and Endeavor Catalyst

Source(s): Merqueo

Colombia-based low-cost online grocery delivery platform Merqueo has secured USD14 million in a Series A funding round led by Caribbean- and Central America-focused fund manager Portland Private Equity. Endeavor Catalyst, an impact investing non-profit organization, also participated in the round. The company delivers groceries to customers in Bogotá and Medellín using four local warehouses and plans to use the funds to grow its operations.