Fundz
Free weekly newsletter

Get the free weekly contract digest

The new new contracts, who’s behind them, and what they mean — delivered to your inbox every week. No credit card, unsubscribe anytime.

Weekly Digest

New new contracts, summarized for you

Straight to Inbox

No login, no app to check — it comes to you

Contract Trends

See who's moving and how much in your market

No credit card required Weekly contract digest

PayPal-Backed Mendel Raises $35M with Base10 Partners for AI-Driven Spend Management Platform

Mar 27, 2025•about 1 year ago

Contract Type

partnership

Mexico CitySoftware

Description

Mendel secured $35 million in a Series B funding round with Base10 Partners to enhance its AI-powered spend and travel management platform in Latin American countries. The funding will support the expansion of AI-driven spend management capabilities, team scaling, and the extension of operations into additional Latin American countries, with plans for Chile, Colombia, Peru in 2025 and Brazil in 2026.

Company Information

Company

Mendel

Location

Mexico City, Mexico City, Mexico

About

Mendel is the premier platform for managing enterprise spend in Latin America. By seamlessly integrating expense management, payments, and corporate travel, Mendel empowers finance teams to control budgets in real time. From setting rules to tracking expenses and travel bookings, Mendel provides a centralized, intuitive platform tailored to LATAM’s unique complexities. Trusted by leading enterprises like Mercado Libre, McDonald’s, and FEMSA, Mendel reduces costs, ensures compliance, and delivers actionable insights to transform how businesses operate.

Related People

Suggested for you

Choose your plan to reveal verified contacts

Predictive Intelligence
Strategic

ML-powered predictions for Mendel's next move

Learn about Strategic plan

Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.