ALLVP and Infinity Ventures led a USD15m Series A for Mendel, a Mexican corporate spend management platform. Angels participating in the round included Thejo Kote (Airbase), Matias Woloski (Auth0), Pedro Arnt (Mercado Libre), Federico Ranero (Kavak) and Keri Gohman (Bain Capital).
(TechCrunch) – Mendel, a corporate spend management solution for enterprises in Latin America, announced today that it has secured $35 million in debt and equity.
The Mexico-based startup closed the $15 million Series A round and $20 million debt financing after participating in Y Combinator’s Winter 2021 cohort. ALLVP and Infinity Ventures, a firm founded by a trio of ex-PayPal execs, co-led the equity raise. A number of angel investors also participated, including Airbase founder and CEO Thejo Kote, Auth0 co-founder and CTO Matias Woloski, Mercado Libre CFO Pedro Arnt, Kavak COO Federico Ranero and Bain Capital’s Keri Gohman, among others.
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