LAVCA VC
  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA
  • Member Login
  • Member Access

LAVCA VC

  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA

QED Investors Lead USD20m Series A for Colombian E-commerce Fulfillment Melonn

February 4, 2022
Melonn

QED Investors led a USD20m Series A for Melonn,  a Colombian e-commerce fulfillment platform, with participation from GFC and Alter Global, and follow-on from Wollef, NFX and PearVC. Melonn just raised a USD4.5m seed round from Wollef, Somma Capital, PearVC and NFX in January. 

(Press Release) – -Melonn has announced the closing of its US$20M Series A round led by QED Investors. Global Founders Capital (GFC) and Alter Global also joined the round, together with existing investors including VC funds NFX, Pear, Wollef (formerly Jaguar Ventures) and high-profile angel investors including top VC partners and Latam startups´ founders. In less than a year, Melonn has raised around US$24 million.

Melonn is intending to become the #1 ally of small and medium e-commerce businesses in LatAm, helping them solve the most challenging part of the ecommerce of the future: the backend. The company offers an end-to-end same or next-day fulfillment solution coupled with an easy-to-use e-commerce backend technology platform fully developed in-house. With Melonn, any e-commerce business will be able to sell its products across multiple channels, from Amazon to Instagram, and deliver them almost anywhere in the region.

Melonn’s proprietary tech platform guides sellers through a simple and highly automated onboarding process, then seamlessly connects their different ecommerce channels. Next, sellers ship their inventory to urban fulfillment centers, near their end-consumers. Melonn quickly takes care of the picking, packing and delivery, so that end-consumers receive their orders on the same or next day, also taking care of returns. Additionally, Melonn works with a range of transportation providers, both incumbents (like FedEx or DHL) and last-mile startups, to reduce shipping times and costs. Finally, sellers can manage and monitor the entire process from Melonn’s platform from wherever they are, accessing data analytics tools to make better operational and sales and marketing decisions.

Speaking on the fundraise, Andres Gómez, CEO and Co-Founder, commented, “Melonn is solving a massive pain point for the huge, fast-growing and highly underserved market of e-commerce SMBs. We’ve been able to build a diverse and synergic team of extremely talented individuals with deep expertise in e-commerce, logistics and tech, which has enabled us to build a winning product with strong market fit. And we’ve been very fortunate to have support from some of the best seed-stage funds in the world, and we’re now extremely grateful to add two of the best Series A+ funds such as QED and GFC. They not only add vast expertise in key topics like e-commerce enablement and fintech, but they’re great partners and mentors that will help us scale successfully and that we really look forward working with.”

“We are thrilled to partner with the world-class team at Melonn as the company builds out the e-commerce infrastructure for small and medium sellers across Latin America,” added QED Investors Partner Mike Packer. “The recent explosion of the market only reinforces the need. Melonn makes scaling easier for its clients, solving very real constraints across channels and fulfillment. As Melonn continues to expand the platform, the company will enable the next generation of LatAm e-commerce businesses.”

Until a few years ago, LatAm was considered a late-adopter of e-commerce. But in the past three-to-five years and, more recently with the impact of COVID-19, things have change dramatically. Today, LatAm is the region with the fastest-growing e-commerce market estimated at more than US$100B, expected to double by 2025 and to be close to a trillion-dollar market in the next couple of decades. More than 80 percent of the market is comprised of small and medium businesses/sellers.

In this landscape, and in the middle of the COVID-19 pandemic, Melonn was founded in November 2020 to disrupt the way e-commerce is made in LatAm. A group of six friends with vast experience in logistics, ecommerce, tech and data science: Andrés Gomez (CEO), Alejandro Celis (CPO), Andrés Archila (COO), Felipe Jaramillo (CTO), Sebastián Román (Director of Data Science) and Daniel Castrillón (Director of Software Engineering & DevOps). In only one year, the company has launched five distribution centers in three cities across Colombia and one more in Mexico City, while employing more than 180 people total.

Melonn aims to use the new funding in growing the tech and product teams to continue to strengthen the platform and develop adjacent products including embedded fintech. The company is also planning to scale up commercial capabilities and increase its network of urban fulfillment centers to be able to offer efficient same/next day fulfillment across more and more cities in the region.

QED Investors Lead USD20m Series A for Colombian E-commerce Fulfillment Melonn was last modified: February 22nd, 2022 by cramos
ColombiaMelonnQED InvestorsVenture Capital
0
Facebook Twitter Google +

Sign up for LAVCA’s bi-weekly Latin American Private Capital Update and the LatAm Venture Bulletin, produced specifically for venture investors, entrepreneurs, and technology startups in the early stage ecosystem.






Which LAVCA Newsletter would you like to receive?

VC Partner Events

    Tweets

    • "According to LAVCA Data, VC investment into Latin American fintech totaled USD1.2b in the first quarter of 2022."… https://t.co/oikd3BXiCU

      24-Jun-2022

      Reply Retweet Favorite
    • Felicitaciones a la Directora Ejecutiva de LAVCA @lavca_org Ángela María Tafur @naitafur quien se ha incorporado al… https://t.co/qjHgnmFPS3

      14-Jun-2022

      Reply Retweet Favorite
    • LAVCA's Director of Venture Capital @crdelavega_ shares insights with @TechCrunch's @bayareawriter on the latest d… https://t.co/krypDTI5NE

      14-Jun-2022

      Reply Retweet Favorite
    • Congratulations to LAVCA's Executive Director @naitafur who has joined the Board of Directors of @GRUPOSURA. https://t.co/47bv5fyVhT

      13-Jun-2022

      Reply Retweet Favorite
    • In 2018, @_AquaCapital invested in agricultural biologicals platform @Biotropbr. In 3 years, the company has reduce… https://t.co/PDu5zkchTs

      13-Jun-2022

      Reply Retweet Favorite

    Submit VC News

    Have private equity or venture capital related news that you would like to share? Submit your press releases and news to [email protected].

    VC Industry News

    • Ecuadorian Fintech Kushki Raises USD100m Series B+ at USD1.5b Valuation

      June 7, 2022
    • Vinci Partners Acquires USD20m Stake in Brazilian Credit Provider DMCard

      February 21, 2022
    • 8VC Leads ~USD35.4m Round for Brazilian Insurtech 180 Seguros (em português)

      February 2, 2022
    • Glade Brook Capital Leads USD125m Series C for Chilean Insurtech Betterfly

      February 2, 2022
    • SP Ventures and Acre.VC Lead USD10m Series A for Brazilian Carbon Trading Marketplace Moss (em português)

      January 31, 2022
    • Brazilian Healthtech Nilo Saúde Raises USD10m Series A from Canary, MAYA, SoftBank, GFC and Tau Ventures

      January 28, 2022
    • Valor Capital Group Leads ~USD16m Series A for Brazilian Agtech Agrolend (em português)

      January 23, 2022
    • DILA Capital and Kayyak Ventures Lead USD15m Series A for Mexican Financing Platform Fairplay

      January 18, 2022
    • Astella Investimentos Leads ~USD4.6m Seed Round for Brazilian Blockchain Trading Platform Gavea (em português)

      January 12, 2022
    • SoftBank Leads USD48m Series B for Colombian E-commerce Laika

      January 12, 2022
    • KASZEK Leads USD13.2m Round for Mexican Fantasy Sports Platform Draftea

      January 7, 2022
    • IDC Ventures Leads ~USD5m Series A for Brazilian Microcredit Platform SuperSim (em português)

      January 6, 2022
    • Mexican Verification Platform MetaMap Raises USD70m Series B

      January 5, 2022
    • DRADS Capital Leads USD7m Pre-Series A for Chilean Foodtech The Live Green Co. (en español)

      January 3, 2022
    • SoftBank Leads USD127m Round for Brazilian Healthcare Provider Alice

      December 21, 2021
    • DILA Capital and ALIVE Ventures Lead USD14m Series A for Edtech Slang

      December 20, 2021
    • Astella Investimentos and SoftBank Lead ~USD3m Seed Round for Brazilian Automation Platform BotCity (em português)

      December 20, 2021
    • GIC Leads USD80m Round for Colombian POS Lending Platform ADDI (em português)

      December 20, 2021
    • Yara Growth Ventures Leads USD30m Series C for Argentine Agtech Agrofy (em português)

      December 16, 2021
    • Tiger Global Leads USD60m Series B for Mexican Freight Platform Nowports

      December 16, 2021
    • SoftBank Leads ~USD120m Round for Brazilian Fintech OpenCo (em português)

      December 15, 2021
    • DN Capital Leads ~USD22.2m Series A+ for Brazilian Healthtech Sami

      December 14, 2021
    • Riverwood Capital Leads ~USD52m Series B for Brazilian Fiscal Management Platform Arquivei (em português)

      December 14, 2021
    • KASZEK Leads USD2.7m Seed Round for Peruvian Edtech Crack the Code

      December 13, 2021
    • GIC Leads ~USD32m Series C for Brazilian Delivery Platform Shopper (em português)

      December 13, 2021
    • Tiger Global Leads USD20.5m Round for Mexican Freight Platform Nuvocargo

      December 10, 2021
    • Advent International and SoftBank Lead USD60m Series B+ in E-Commerce Aggregator Merama

      December 9, 2021
    • Volpe Capital Leads ~USD5m Series A for Brazilian Corporate Governance Platform Atlas Governance

      December 8, 2021
    • Lachy Groom Leads USD14.8m Series A for Brazilian Fintech Stark Bank (em português)

      December 8, 2021
    • Prosus Ventures Leads USD60m Series B for Colombian Edtech Platzi

      December 6, 2021
    • KASZEK Leads USD10m Series A for Brazilian Workspace Marketplace Beer or Coffee (em português)

      November 30, 2021
    • Galapagos Capital Invests ~USD20m in Brazilian Cosmetics MedBeauty (em português)

      November 18, 2021
    • Oak HC Leads USD27m Series A for Mexican Payment Platform Aplazo

      November 15, 2021
    • Colombian E-commerce Fulfillment Platform Melonn Raises USD4.5 Seed Round

      November 3, 2021
    • DNA Capital, Temasek and Fit Participações Lead ~USD20m Round for Brazilian Healthtech Memed

      November 1, 2021
    • Astella Investimentos Leads ~USD5m Round for Brazilian Proptech Homelend (em português)

      October 28, 2021
    • KASZEK Leads USD8m Round for Brazilian Car Documentation Platform Gringo

      October 27, 2021
    • SoftBank Leads USD75m Series C for Brazilian BPO Platform Pipefy

      October 26, 2021
    • Mexican Delivery Platform Skydropx Raised USD20m Seres A from Cometa, Base10 Partners, 645 Ventures

      October 26, 2021
    • Brazilian Car Insurtech Justos Raises ~USD35.8m Series A from SoftBank, KASZEK and Others

      October 25, 2021
    • Andreessen Horowitz and Base Partners Lead USD15m Series A for Colombian Foodtech Foodology

      October 22, 2021
    • Unbox Capital Leads USD30m Series B for Brazilian Marketing Platform Rock Content (em português)

      October 22, 2021
    • L Catterton Leads Investment in Mexican DTC Eyewear Brand Ben & Frank

      October 21, 2021
    • Anthos Capital Leads USD18m Series A for Venezuelan Delivery Platform Yummy

      October 21, 2021
    • Flourish Ventures and GFC Lead USD10m Series A for Brazilian Wholesale Marketplace Merce do Bairro

      October 21, 2021
    • Tiger Global Leads USD35m Series A for Argentine Fintech Pomelo

      October 21, 2021
    • Brazilian Wholesale Marketplace Inventa Raises ~USD6m Seed Round (em português)

      October 20, 2021
    • QED Investors and KASZEK Lead USD40m Series C for Brazilian Fintech Hash

      October 20, 2021
    • SoftBank, Amazon and Accel Lead USD108m Series B for Brazilian Fintech Pismo (en español)

      October 19, 2021
    • SP Ventures and Astella Investimentos Lead USD17m Series A for Brazilian Fintech Traive (em português)

      October 18, 2021
    • Tencent and SoftBank Lead USD200m Series F for Brazilian Trucking Marketplace CargoX (em português)

      October 15, 2021
    • Valor Capital Group Leads USD22m Series A for Mexican Edtech Aprende Institute

      October 11, 2021
    • Square Capital and Hard Yaka Invest USD15m in Colombian Digital Payments Platform Movii (en español)

      October 6, 2021

    About LAVCA

     

    LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean through research, education, networking and advocacy.

    LAVCA Office

        New York City:
        589 8th Ave, 18th Floor
        New York, NY 10018

    Explore LAVCA.org

    • About LAVCA
    • Board, Team, & Advisors
    • Media
    • Contact Us
    • Membership Benefits
    • Members Only Access
    • Education and Programs
    • Research
    • Policy
    • LAVCA VC
    • Contact Us

    @2020 - LAVCA. All Rights Reserved.


    Back To Top