# Mendel

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mendel

- Industry: Financial Services
- Headquarters: Mexico City, Mexico
- Website: www.somosmendel.com
- Total disclosed funding: $60M
- Latest round: Series B (Mar 27, 2025)
- Investors on record: 9

## About

Based in Mexico, and founded in 2021, Shlujim S.A. de C.V., aka Mendel operates as a financial technology company. In April 2021, Mendel raised an undisclosed amount in Seed funding from Alumni Ventures Group and Better Tomorrow Ventures. The firm serves clients such as Retargetly and Turismo city. The company offers a fusion between a technological platform with a smart credit card designed for large Mexican companies. The firm provides decentralized expense reporting that simplifies customers' company's expense submission and approval processes. The organization also offers automatic expense classification, visibility of expenses in real-time, and invoices for all expenses.

## Funding rounds

- Series B, Mar 27, 2025, $35M — Industry Ventures, Endeavor Catalyst, Hi Ventures, Base10 Partners, PayPal Ventures, Infinity Ventures
- Series A, Nov 7, 2022, $10M — Industry Ventures, Victory Park Capital, Hi Ventures, Better Tomorrow Ventures, Infinity Ventures
- Series A, Dec 2, 2021, $15M — Hi Ventures, Infinity Ventures
- Seed, Apr 27, 2021 — Alumni Ventures Group, Better Tomorrow Ventures

## Investors

- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed
- Better Tomorrow Ventures (https://capitalatlas.ai/funds/better-tomorrow-ventures) — Seed, Series A
- Hi Ventures (https://capitalatlas.ai/funds/hi-ventures) — Series A, Series B
- Infinity Ventures (https://capitalatlas.ai/funds/infinity-ventures) — Series A, Series B
- Industry Ventures (https://capitalatlas.ai/funds/industry-ventures) — Series A, Series B
- Victory Park Capital (https://capitalatlas.ai/funds/victory-park-capital) — Series A
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series B
- Base10 Partners (https://capitalatlas.ai/funds/base10-partners) — Series B
- PayPal Ventures (https://capitalatlas.ai/funds/paypal-ventures) — Series B