About Blue like an Orange
Blue like an Orange, established in 2017, is a private debt fund primarily based in Luxembourg, Luxembourg. It specializes in financing Series C round of companies based in Colombia. Its portfolio includes 6 firms, spanning the Food and Agriculture Tech, Enterprise Applications sectors.
As of Jul 2026, Blue like an Orange has 1 unicorn under its belt and has witnessed 1 portfolio exit so far. Its most notable investments include companies like Cabify, Merqueo and RobinFood.
Its latest investment was a $7.33M Conventional Debt round in Clinivasdelazucar on Jul 27, 2022.
Key Metrics
Founded Year
2017
Location
Luxembourg, Luxembourg
Sectors of Investment
Stages of Investment
Conventional Debt & Series C
Unicorn in Portfolio
Blue like an Orange's List of Top Investments
Blue like an Orange has a portfolio of 6 companies, one of which is a Unicorn. Their most notable investments are in Merqueo and RobinFood.Their portfolio spans across Colombia, Brazil, Ecuador and 2 more locations. They have invested in Food and Agriculture Tech, Enterprise Applications, Consumer and 8 other sectors, across stages such as Conventional Debt, Series C stages. Here is the list of top investments by Blue like an Orange:1. Cabify
Provider of ride-hailing, taxi, and delivery services via a mobile application. The company offers transportation solutions for individuals and corporate clients. It facilitates connections between passengers and drivers through its platform. The platform provides options for booking rides, managing expenses, and tracking trips.
Key facts about Cabify
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2. Merqueo
Merqueo is an online retailer of grocery products. Offers products from over 10 categories including fruits & vegetables, dairy & eggs, pantry, meats, snacks, frozen items, drinks, baby products, personal care products, pet products, pharmacy, etc. Users can place the orders through the mobile app or on the website. It has its own delivery team.
Key facts about Merqueo
- Founded Year: 2015
- Location: Bogota (Colombia)
- Stage: Public
- Total Funding till date: $86M
- Employee Count: 469 as on May 31, 2026
- Investors: IDC Ventures, DigitalBridge and 14 Others
- Latest Funding Round: Series C, May 19, 2022, $*****
- Highlight: Public
3. RobinFood
RobinFood is a provider of cloud-based solutions for restaurants. Its cloud-based restaurant model merges with a traditional restaurant. Its proprietary technology helps customers to customizable orders could be placed by choosing various dishes based on the features and nutrients through a touch screen that enables customers to receive a meal in the given time. It also provides a cloud-based loyalty program for businesses. Its clients include Muy, El Original, Pixi, The Cut, and more.
Key facts about RobinFood
4. Solinftec
Provider of AI and SaaS-based solutions for the automation of agriculture operations. It is a global leader in agriculture technology, providing AI and SaaS solutions for agribusiness. The company offers a range of products, including autonomous robots and precision farming tools, to enhance agricultural operations and advance digitalization. Solinftec serves a global customer base, spanning more than 22 million acres. The company has established partnerships with major agricultural companies and has a presence in key markets around the world.
Key facts about Solinftec
5. Produbanco
Key facts about Produbanco
- Founded Year: 1978
- Location: Quito (Ecuador)
- Stage: Funding Raised
- Employee Count: 3,061 as on May 31, 2026
- Investors: IDB Invest, Blue like an Orange and 1 Other
- Latest Funding Round: Conventional Debt, 2023, $*****
Blue like an Orange's Year-on-Year Investment Trends
Blue like an Orange has invested in 6 companies over the last 7 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in Clinivasdelazucar.Blue like an Orange's Investments by Stage
Blue like an Orange has made 3 investments in Conventional Debt stage with an average round size of $32.4M and 3 investments in Series C stage with an average round size of $21.3M.Stage of entry | No. of Investments |
|---|---|
Conventional Debt | 3 |
Series C | 3 |
Note: We have considered here, only first round of investments
Blue like an Orange's Investments by Sector
Blue like an Orange has a diverse portfolio, with companies operating in the Food and Agriculture Tech, Consumer, Enterprise Applications, Gig Economy and Auto Tech. Notably, it has invested in 4 Tech companies, 3 Enterprise (B2B) companies, 2 Consumer (B2C) companies and at least 2 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Food and Agriculture Tech | 3 |
Consumer | 2 |
Enterprise Applications | 2 |
Gig Economy | 2 |
Auto Tech | 1 |
Others | 9 |
Note: We have considered here, only first round of investments
Blue like an Orange's Investments by Geography
Blue like an Orange has made most investments in Colombia (2), followed by Brazil where it has made 1 investment.Country | No. of Investments |
|---|---|
Colombia | 2 |
Brazil | 1 |
Ecuador | 1 |
Spain | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
Blue like an Orange's recent investments
Blue like an Orange has not made any investment in 2026 so far.Here are the most recent investments by Blue like an Orange:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 27, 2022 | United States | Conventional Debt | 7420 | - | |
Jul 12, 2022 | Brazil | Series C | 4301 | [+1] | |
May 26, 2022 | Colombia | Series C | 9860 | [+2] | |
May 19, 2022 | Colombia | Series C | 6103 | ||
Feb 08, 2019 | Spain | Conventional Debt | 9064 |
Unicorns in Blue like an Orange's Portfolio
Blue like an Orange has 1 unicorn in its portfolio - Cabify. The most recent unicorn in their portfolio is Cabify which became a unicorn in 2018, 1 years before Blue like an Orange first invested in it.Here is a list of unicorns in Blue like an Orange's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
71 | Provider of ride-hailing, taxi, and delivery services via a mobile application | 2011 | Madrid | Series E | ykfhzln |
IPOs and Publicly Listed companies in Blue like an Orange's Portfolio
1 of Blue like an Orange's portfolio company became public - Merqueo. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Dec 2022.Here are Blue like an Orange's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 27, 2022 | May 19, 2022 | Series C | 6676 |
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Co-investors of Blue like an Orange
Over the past 7 years, 44 investors have co-invested in Blue like an Orange's portfolio companies. This includes funds and angels.
- Invested before Blue like an Orange: Seaya, Endeavor and 31 others have invested in rounds before Blue like an Orange. There are 2 companies where Seaya has invested before Blue like an Orange and 2 companies where Endeavor has invested before Blue like an Orange.
- Top Co-investors of Blue like an Orange: 4 investors entered a company along with Blue like an Orange. These include investors like IDB Invest (1 company).
- Invested after Blue like an Orange: A total of 7 investors have invested in Blue like an Orange's portfolio after their investments. Top Investors include European Investment Bank (1 company) and BBVA Spark (1 company).
Recent News related to Blue like an Orange
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Colombian Online Supermarket Merqueo Receives US$22 millionContxto•May 20, 2022•Merqueo, IDB Invest, Blue like an Orange, IDC Ventures and 3 others
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IDB Invest Fosters E-grocery Shopping and Job Creation with Merqueo in Mexico, Colombia and BrazilPR Newswire•May 18, 2022•IDB Invest, Blue like an Orange, Merqueo, IDC Ventures and 1 other
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Blue like an Orange Sustainable Capital Raises Over $200 Million For Its First Fund, Latin America Fund IPR Newswire•Jun 02, 2020•Blue like an Orange, AXA, HSBC, CNP Assurances and 3 others
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Cabify Secures $70 Million USD Loan from IDB InvestFinance Colombia•Feb 08, 2019•Cabify, IDB Invest, Blue like an Orange
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