Through its $20M investment in Merqueo, Portland Private Equity was the second largest enabler of early capital in Colombia in 2019, playing a key role in the development of the country’s private company ecosystem. Merqueo was founded in 2017 by a group of successful entrepreneurs with a vision to revolutionize the online grocery market in Latin America by providing customers the best prices for groceries conveniently delivered to their doors, coupled with an unparalleled service experience. Merqueo’s fully integrated, technology-driven, and highly flexible model has positioned the company to become the leader in the grocery e-commerce space in the region.
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