When was Mendel founded?

Mendel was founded in 2021 and raised its 1st funding round within a year of its incorporation.

Where is Mendel located?

Mendel is headquartered in Mexico City, Mexico.

How many employees does Mendel have?

As of May 31, 2026, the latest employee count at Mendel is 251.

Is Mendel a funded company?

Mendel is a funded company, having raised a total of $63M across 6 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jul 22, 2021.

When was the latest funding round of Mendel?

Mendel's latest funding was a $***** Series B round on Mar 27, 2025, with participation from 6 investors.

Where does Mendel rank among its competitors?

Mendel ranks 13th amongst 97 active competitors, of which 19 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Navan, which secured $300M in Oct, 2025.

Who are the top competitors of Mendel?

Mendel's top competitors include Brex, Navan and Emburse. Among them, Navan secured the most recent funding round in October, 2025.

Mendel - 2026 Company Profile, Team, Funding & Competitors

Mendel is a series B company based in Mexico City (Mexico), founded in 2021 by Alejandro Zecler. It operates as a Provider of expense management platform and corporate cards for businesses. Mendel has raised $63M in funding from investors like Industry Ventures, Victory Park Capital Advisors and Better Ventures. The company has 97 active competitors, including 19 funded and 24 that have exited. Its top competitors include companies like Brex, Navan and Emburse.

Company Details

Provider of expense management platform and corporate cards for businesses. The platform centralizes, approves, and monitors expenses. It manages tickets and lodging for business travel. Corporate cards integrate into the platform. Invoice recovery turns receipts into data automatically. Reimbursements can be viewed, managed, and paid easily. The platform offers budget management by setting rules for employee card use. It obtains and validates invoices. The system approves and distributes refunds to employees.

Website: mendel.com/en-mx/
Social
Email ID: *****@somosmendel.com

Key Metrics

Founded Year

2021

Location

Mexico City, Mexico

Stage

Series B

Total Funding

$63M in 6 rounds

Latest Funding Round

Series B, Mar 27, 2025, $*****

Investors

Industry Ventures & 22 more

Ranked

13^th among 97 active competitors

Employee Count

251 as on May 31, 2026

Investment & Acquisitions

Te Facturo

Similar Companies

Brex & 416 more

View Mendel's full profile

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 $*****. 6 investors participated in its latest round. Mendel has 18 institutional investors and 5 angel investors.

Here is the list of recent funding rounds of Mendel:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 27, 2025	8886862	Series B	2137527	6943563	2955458	9511435
Nov 07, 2022	3400922	Series A	4299162	4213056	2502060	Infinity Ventures & 1 more
Nov 07, 2022	9513813	Conventional Debt	9193020	7393889	6600436	Industry Ventures & 4 more

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View details of Mendel's funding rounds and investors

The founders of Mendel is Alejandro Zecler.

Here are the details of Mendel's key team members:

Alejandro Zecler: Co-Founder of Mendel.
Contact Info: 1 email address

View details of Mendel's Founder profiles and Board Members

Mendel's employee count trend

Mendel has 251 employees as of May 26. Here is Mendel's employee count trend over the years:

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Top competitors of Mendel include Brex, Navan and Emburse. Here is the list of Top 10 competitors of Mendel, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Brex 2017, Draper (United States), Acquired	Provider of financial software platform, cards, banking, expense, and accounting	$1.2B	DST Global, Greenoaks & 68 others	85/100
2nd	Navan 2015, Palo Alto (United States), Public	Provider of a platform for business travel and expense management	$1.58B	Andreessen Horowitz, Greenoaks & 22 others	80/100
3rd	Emburse 2002, San Francisco (United States), Acquired	Provider of travel, expense, payment, invoice, and automation management solutions	$7.5M	General Catalyst, IA Capital Group & 27 others	76/100
4th	Expensify 2008, San Francisco (United States), Public	Provider of expense management software, corporate cards, and travel booking	$27.8M	OpenView, Barracuda & 11 others	74/100
5th	Extend 2017, New York City (United States), Series B	Provider of virtual credit cards and spend management platform for businesses	$88.8M	Point72 Ventures, B Capital & 13 others	69/100
6th	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, TLV Partners & 9 others	67/100
7th	ITILITE 2017, Claymont (United States), Series C	Provider of travel, expense, and corporate card management software solutions	$47.2M	Vy Capital, V1.VC & 16 others	64/100
8th	Oversight Systems 2003, Atlanta (United States), Acquired	AI-powered financial risk management platform	$27.2M	Adobe, Granite Ventures & 7 others	64/100
9th	Divvy 2016, Lehi (United States), Acquired	Spend management solutions for businesses	$448M	Andreessen Horowitz, Insight Partners & 22 others	59/100
10th	ClassWallet 2014, Miami (United States), Series A	Provider of digital wallet platform for managing and disbursing public funds	$107M	Guidepost Growth Equity, Florida Funders ... & 22 others	58/100
13th	Mendel 2021, Mexico City (Mexico), Series B	Provider of expense management platform and corporate cards for businesses	$63M	Industry Ventures, Broadhaven Ventures & 21 others	50/100