Colombian e-commerce startup Melonn raises USD 20 million in Series A

Colombia-based Melonn, an e-commerce company that allows retailers to offer same-day or next-day orders to consumers using fulfilment and back-end services, raised USD 20 million on 4th February 2022.

Investors: The investment was led by QED Investors. Global Founders Capital (GFC) and Alter Global. Several existing investors, including VC funds NFX, Pear, Wollef (formerly Jaguar Ventures), and high-profile angel investors, including top VC partners and Latam startups’ founders, participated in the round. Currently, the startup has raised more than USD 24 million in total.

Purpose of funding: The startup will use the funding to expand its tech team and develop additional products, including embedded fintech. In addition to expanding into commercial capabilities and increasing its network of urban fulfilment centres, the startup plans to provide efficient same-day and next-day fulfilment services.

About Melonn

Founded in 2020 by Alejandro Celis, Andrés Archila, Andrés Gómez, Daniel Castrillón, Felipe Jaramillo, and Sebastián Román, Melonn is located in Medellín, Colombia. Melonn is an e-commerce company that allows retailers to offer same-day or next-day delivery of orders to consumers using fulfilment and back-end services. The company’s tech platform enables sellers to set up a brand new store by guiding them through an automated onboarding process, then seamlessly integrating all of their e-commerce channels. Sellers then ship their inventory to urban fulfilment centres close to their customers. Lastly, Melonn’s platform allows sellers to control and monitor their entire process anywhere. The startup partners with a range of carriers, both incumbents (like FedEx or DHL) and last-mile startups, to reduce shipping costs and delays. 

What the founder has to say

“Melonn is solving a huge pain point for the huge, fast-growing and highly underserved market of e-commerce SMBs. We’ve built 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 a 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 look forward to working with,” said Andres Gómez, CEO and Co-Founder at Melonn.

What the investor has to say

“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,” said Mike Packer, Partner at QED Investors.

“The recent explosion of the market only reinforces the need. Melonn makes scaling easier for its clients, solving genuine constraints across channels and fulfillment. As Melonn continues to expand the platform, the company will enable the next generation of LatAm e-commerce businesses.”

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