Morro Ventures

Morro Ventures is Puerto Rico's first institutional early-stage technology venture capital fund, founded in 2018 and based in San Juan under the auspices of Advent-Morro Equity Partners, one of Puerto Rico's oldest and most prominent private-equity houses. The firm's thesis is to build a diverse portfolio of early-stage technology companies that are based in, or can strategically utilize, Puerto Rico as a geopolitical bridge between Latin America and the mainland United States. Morro Ventures invests primarily in fintech, vertical SaaS, enterprise software, and AI applications serving Hispanic markets, and actively connects Puerto Rican startups with peers across the Latin American region, giving founders access to expansion markets, Hispanic talent pools, follow-on capital, and cross-border customer opportunities. Morro Fund I launched at a $20 million target and held a first close of $17.5 million in 2019. Initial check sizes range from USD 50,000 to $250,000 with follow-on capacity up to approximately $1 million per company, deployed at pre-seed through Series A. Founding Partners are Cyril Meduña, who brings more than three decades of private equity, corporate finance, and entrepreneurial development experience as Founder and Managing Partner of Advent-Morro, and Allison Kern, a venture investor formerly based in New York. As of September 2025 Morro has invested in 14 companies. Portfolio names include LendingPoint, Kiwi Financial (most recent investment, March 2025), Leal Colombia, Retorna, Moonflow, and Toteat. By embedding in Puerto Rico's ecosystem while maintaining active relationships across Latin America, Morro Ventures occupies a unique position in VC geography: combining the island's U.S. legal and regulatory environment with the growth dynamics of one of the world's most underserved startup regions.