Mercado Libre Fund

Mercado Libre Fund serves as the Corporate Venture Capital Fund for Mercado Libre, focusing on fostering innovation and supporting the growth of companies within the e-commerce and technology sectors in Latin America. The fund invests in seed, early, and growth stage companies that exhibit strong team dynamics and potential for significant impact. It operates two distinct funds: the Business Development Fund, which targets seed stage companies with promising products that can enhance Mercado Libre's ecosystem, and the Opportunities Fund, which seeks to invest in early and growth stage companies that leverage technology to deliver innovative solutions. By acting as a strategic partner, Mercado Libre Fund aims to create synergies among its portfolio companies and provide valuable support throughout their scaling journey.

Past deals in Andes

Simetrik

Series B in 2024
Founded in 2017, Simetrik specializes in providing big data solutions for corporate finance control and automation. Its platform offers AI-powered tools, no-code configuration, and secure data integration capabilities, enabling global enterprises to streamline transaction reconciliation, detect anomalies, reduce manual effort, accelerate financial closings, and enhance decision-making.

Simetrik

Series B in 2024
Founded in 2017, Simetrik specializes in providing big data solutions for corporate finance control and automation. Its platform offers AI-powered tools, no-code configuration, and secure data integration capabilities, enabling global enterprises to streamline transaction reconciliation, detect anomalies, reduce manual effort, accelerate financial closings, and enhance decision-making.

Elenas

Series B in 2022
Elenas is a leading social commerce platform in Latin America that enables women to launch and grow online businesses from home. The platform offers a digital storefront, client management tools, and support for product sourcing, delivery, and payment collection, allowing users to focus on sales. Through direct sales catalogs and social media channels such as WhatsApp and Facebook, Elenas connects tens of thousands of women in Colombia and over 11 million across the region with a wide range of branded cosmetics, beauty, and lifestyle products. Sellers can offer customers discounts on major brands while earning supplemental income, making Elenas a key facilitator of home‑based entrepreneurship for women throughout the region.

Simetrik

Series A in 2022
Founded in 2017, Simetrik specializes in providing big data solutions for corporate finance control and automation. Its platform offers AI-powered tools, no-code configuration, and secure data integration capabilities, enabling global enterprises to streamline transaction reconciliation, detect anomalies, reduce manual effort, accelerate financial closings, and enhance decision-making.

Simetrik

Seed Round in 2021
Founded in 2017, Simetrik specializes in providing big data solutions for corporate finance control and automation. Its platform offers AI-powered tools, no-code configuration, and secure data integration capabilities, enabling global enterprises to streamline transaction reconciliation, detect anomalies, reduce manual effort, accelerate financial closings, and enhance decision-making.

Simetrik

Venture Round in 2019
Founded in 2017, Simetrik specializes in providing big data solutions for corporate finance control and automation. Its platform offers AI-powered tools, no-code configuration, and secure data integration capabilities, enabling global enterprises to streamline transaction reconciliation, detect anomalies, reduce manual effort, accelerate financial closings, and enhance decision-making.

Liftit

Series A in 2018
Liftit S.A.S., founded in 2016 and based in Bogotá, Colombia, is a B2B logistics company that operates a cargo transportation platform. This platform connects providers of cargo transportation services with companies or individuals who need these services. It serves as a marketplace for shippers requiring delivery of various goods, such as home items, electronics, and construction materials, to independent truck drivers capable of fulfilling those needs. Liftit's technology aims to optimize, measure, analyze, and solve problems in the logistics industry by monitoring operations in real-time and tracking services from order placement to dispatch.

Increase

Series A in 2018
Increase specializes in streamlining business operations by offering cash flow management solutions. Its primary products, IncreaseCard and IncreaseConciliacion, serve over 25,000 businesses across Argentina, Ecuador, Dominican Republic, Chile, Uruguay, and Paraguay. While it caters to notable clients like Latam, Shell, Staples, Farmacity, and Bravo, the majority of its users are small and mid-sized enterprises.

123Seguro

Seed Round in 2017
Founded in 2010, 123Seguro operates as an online insurance brokerage platform headquartered in Buenos Aires, Argentina. It specializes in comparing and selling insurance policies from top providers, currently focusing on auto, commercial, and life insurance across five Latin American countries.

Meloncargo

Convertible Note in 2016
MelonCargo is an e-commerce platform based in Las Condes, Chile, that specializes in providing access to a diverse array of products sourced from suppliers in the United States and China. Founded in 2014, the company caters to various consumer needs by offering items across multiple categories, including electronics, home and furniture, sports equipment, health and beauty products, and collectibles, among others. MelonCargo's platform allows customers to shop conveniently in local currency, facilitating the purchase of exclusive products that may not be readily available in the Chilean market. The company also operates through online stores, including its own marketplace as well as representations on other platforms.

Real Trends.

Convertible Note in 2015
Real Trends is a provider of a real-time consultancy and management platform tailored for sellers on MercadoLibre, primarily operating in Argentina, Brazil, and Mexico. The company's platform is designed to enhance business optimization by offering a suite of tools that facilitate account management and streamline sales processes. This includes features for automating management tasks, conducting in-depth competition analysis, and improving product listings' visibility. Real Trends empowers sellers by providing actionable insights and metrics dashboards, allowing them to make informed decisions rather than relying on intuition. With a diverse user base that includes both prominent brands and small to mid-sized sellers, the company offers flexible pricing models to accommodate various business sizes, ultimately helping sellers to increase sales and reduce operational costs.

Real Trends.

Convertible Note in 2014
Real Trends is a provider of a real-time consultancy and management platform tailored for sellers on MercadoLibre, primarily operating in Argentina, Brazil, and Mexico. The company's platform is designed to enhance business optimization by offering a suite of tools that facilitate account management and streamline sales processes. This includes features for automating management tasks, conducting in-depth competition analysis, and improving product listings' visibility. Real Trends empowers sellers by providing actionable insights and metrics dashboards, allowing them to make informed decisions rather than relying on intuition. With a diverse user base that includes both prominent brands and small to mid-sized sellers, the company offers flexible pricing models to accommodate various business sizes, ultimately helping sellers to increase sales and reduce operational costs.

Nubimetrics

Convertible Note in 2014
Nubimetrics develops and provides e-commerce software services, specializing in business intelligence and analytics. Based in Buenos Aires, Argentina, the company processes data from online sales channels to create visualizations that empower businesses to make informed decisions.

EmporioCommerce

Seed Round in 2014
EmporioCommerce provides a regional e-commerce solution for brands. Emporio Commerce offers a turn key solution for brands to sell their products online including Warehouse & Fulfillment, Logistics, Customer Service, Payments, Business Intelligence, IT Software Development and Online Marketing. With offices in Argentina, Mexico, Brasil, Colombia, Chile and Uruguay Emporio Commerce has partnered with today’s top global brands across Latin America. Emporio Commerce is backed by MercadoLibre, Inc and Transcosmos, Inc.
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