# Merqueo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/merqueo-s-a-s

- Industry: Retail
- Headquarters: Bogota, Colombia
- Website: www.merqueo.com
- Total disclosed funding: $66M
- Latest round: Series C (Jul 29, 2021)
- Investors on record: 11

## About

Merqueo S.A.S., based in Colombia, operates as an e-commerce platform specializing in grocery delivery services. The company simplifies shopping by connecting consumers directly with local grocery suppliers through its innovative technology solutions.Founded in 2017, Merqueo S.A.S. is a direct-to-consumer platform that enhances grocery shopping by enabling rapid deliveries from local vendors. The company’s headquarters is located in Bogota, Colombia. Miguel Mc Allister, the founder, previously established other ventures, contributing to his experience in the retail sector. Merqueo S.A.S. has successfully completed 9 deals, with its most recent funding round being Venture Debt, where it raised USD 1.5 mn on March 3, 2023, from Portland Private Equity. The company has raised a total of USD 18.00 mn to date.Merqueo S.A.S. specializes in grocery delivery services through its user-friendly e-commerce platform. Their offerings include a diverse range of grocery items sourced from local suppliers, ensuring fresh produce and household essentials are conveniently delivered to customers' doorsteps. The company has focused on providing an efficient shopping experience for urban consumers, targeting various demographic segments and adapting to the shopping preferences of different regions within Colombia.For the year 2023, Merqueo S.A.S. reported revenue of USD 3,595,828.40, while its EBITDA for the same year was USD -2,891,678.50. The company utilizes a subscription-based revenue model that fosters ongoing relationships with its customers, enhancing cash flow stability through tailored subscription plans that meet diverse consumer needs.Merqueo S.A.S. aims to launch several new product features within its platform to improve user experience, with expected rollout dates throughout 2023. The company plans to expand its services into additional Colombian cities by the end of 2024, capitalizing on the growing demand for online grocery shopping. The recent funding of USD 1.5 mn will be allocated to enhance technology infrastructure and facilitate this expansion, ensuring the company can scale operations effectively.

## Funding rounds

- Series C, Jul 29, 2021, $50M — Colony Capital, Celtic House Venture Partners, MGM Innova Capital, Fuel Venture Capital, Palm Drive Capital, IDB Invest, IDC Ventures
- Series A, Jan 1, 2019, $14M — Portland Private Equity, Endeavor Catalyst, Nazca, Amplo Kaya
- Series A, Nov 1, 2015, $2M — Nazca, Amplo Kaya

## Investors

- Nazca (https://capitalatlas.ai/funds/nazca) — Series A
- Amplo Kaya (https://capitalatlas.ai/funds/amplo-kaya) — Series A
- Portland Private Equity (https://capitalatlas.ai/funds/portland-private-equity) — Series A
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series A
- Colony Capital (https://capitalatlas.ai/funds/colony-capital) — Series C
- Celtic House Venture Partners (https://capitalatlas.ai/funds/celtic-house-venture-partners) — Series C
- MGM Innova Capital (https://capitalatlas.ai/funds/mgm-innova-capital) — Series C
- Fuel Venture Capital (https://capitalatlas.ai/funds/fuel-venture-capital) — Series C
- Palm Drive Capital (https://capitalatlas.ai/funds/palm-drive-capital) — Series C
- IDB Invest (https://capitalatlas.ai/funds/idb-invest) — Series C
- IDC Ventures — Series C