Where is Mendel located?

Mendel is located in Mexico City, Mexico .

Is Mendel a funded company?

Mendel is a funded company, its first funding round was on Jul 22, 2021.

When was the latest funding round of Mendel?

Mendel's latest funding round was on Mar 27, 2025.

Where does Mendel rank among its competitors?

Mendel ranks 5 amongst 62 active competitors.

Who are the top competitors of Mendel?

Mendel's top competitors are Ramp, Brex and Extend.

Mendel - 2025 Company Profile, Funding & Competitors

Mendel is a series B company based in Mexico City (Mexico), founded in 2021 by . It operates as a Provider of expense analysis and management solutions for businesses. Mendel has raised $63M in funding from investors like Industry Ventures, Victory Park Capital Advisors and Better Ventures. The company has 62 active competitors, including 20 funded and 5 that have exited. Its top competitors include companies like Ramp, Brex and Extend.

Company Details

Provider of expense analysis and management solutions for businesses. It offers features solutions for budget management, payment management, corporate credit card management, and more. It also offers invoice recovery solutions.

Website
Social
Email ID: @somosmendel.com

Key Metrics

Founded Year

2021

Location

Mexico City, Mexico

Stage

Series B

Total Funding

in 6 rounds

Latest Funding Round

Investors

Industry Ventures & 22 more

Ranked

5^th among

Similar Companies

Ramp &

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Mendel has raised a total funding of $63M over 6 rounds. Its first funding round was on Jul 22, 2021. Its latest funding round was a Series B round on Mar 27, 2025 for $35M. 6 investors participated in its latest round, which includes Industry Ventures, Alumni Ventures, and Endeavor.

Mendel has 18 institutional investors including Industry Ventures, Victory Park Capital Advisors and Better Ventures. Thejo Kote and 4 others are Angel Investors in Mendel.

Here is the list of recent funding rounds of Mendel:

Date of funding	Funding Amount	Round Name	Post money valuation	Revenue multiple	Investors
Mar 27, 2025	$35M	Series B	5377798	2100654	Base10 Partners, PayPal Ventures, and
Nov 07, 2022	$50M	Conventional Debt	8534953	9512961	Industry Ventures, Infinity Ventures, and
Nov 07, 2022	$10M	Series A	3093652	6670489	Industry Ventures, Infinity Ventures, and

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View details of Mendel's funding rounds and investors

The founders of Mendel is .

View details of Mendel's Founder profiles and Board Members

Top competitors of Mendel include Ramp, Brex and Extend. Here is the list of Top 10 competitors of Mendel, ranked by 秘密研究所 score :

Overall Rank	Company Details	Short Description	Total Funding	Investors	秘密研究所 Score
1st	Ramp 2019, New York City (United States), Series D	Provider of a spend management and accounts payable solutions	$1.41B	Goldman Sachs, Greylock听&补尘辫;听	88/100
2nd	Brex 2017, Draper (United States), Series D	SaaS-driven credit card and spend management solutions platform for businesses	$1.2B	Credit Suisse, Bank of America听&补尘辫;听	87/100
3rd	Extend 2017, New York City (United States), Series B	App-based card management and payment solutions for businesses	$68.8M	Wells Fargo, American Express Ventures听&补尘辫;听	71/100
4th	Capital On Tap 2012, London (United Kingdom), Funding Raised	Online platform for business credit lines	-	BNP Paribas, Citi听&补尘辫;听	65/100
5th	2021, Mexico City (Mexico), Series B	Provider of expense analysis and management solutions for businesses	$63M	Industry Ventures, Alumni Ventures听&补尘辫;听	59/100
6th	AppZen 2012, Sunnyvale (United States), Series C	Personal Assistant for Expense Management	$103M	SVB, Redpoint Ventures听&补尘辫;听	64/100
7th	Mesh Payments 2012, New York City (United States), Series C	Provider of payment processing solutions and virtual corporate cards for businesses	$123M	Tiger Global Management, Entree Capital听&补尘辫;听	63/100
8th	Payhawk 2018, Sofia (Bulgaria), Series B	Cloud-based expense management solutions for corporate travelers	$239M	Lightspeed Venture Partners, Earlybird听&补尘辫;听	61/100
9th	Center 2014, Bellevue (United States), Acquired	AI-based expense management software	$140M	Top Tier Capital Partners, Durable Capital Partners听&补尘辫;听	59/100
10th	Toolbox 2019, Boston (United States), Series A	Online marketplace for hiring construction professionals	$7.84M	FJ Labs, 听&补尘辫;听	47/100