Fundraising Fox

Mendel

YC W21

Mexico City, MX · Founded 2021 · 5 employees · 10 known investors

Mendel is an AI-powered platform for corporate expense management serving large enterprises in Latin America, offering features including intelligent corporate cards, automated invoice recovery, instant reimbursements, and travel management with real-time visibility and control. The platform integrates with enterprise ERPs and uses AI to validate invoices against Mexico's SAT and enforce spending policies.

AI & Machine LearningEnterprise SoftwareFintechB2BMexicoLatin AmericaPartly Remote

Founders & leadership· Y Combinator alumni (W21)

Mendel was founded in 2021 by Alan Karpovsky and Alejandro Zecler.

AKAlan Karpovsky
Alan KarpovskyinFounderAlan Karpovsky sold Herolens, a SaaS creative management platform, to Innovid. He holds a software engineering background and has been recognized by Forbes and the U.S. Department of State.
AZAlejandro Zecler
Alejandro ZeclerinFounderAlejandro Zecler is an industrial engineer who founded Zetech, a SaaS document management platform serving Latin America, which was acquired by Visma in 2020. He is now building Mendel.

Investors · 10

Better Tomorrow VenturesSan Francisco · $500K – $4M
Hi VenturesMexico City · $1M – $5M
Infinity VenturesSan Francisco Bay Area · $500K – $10M
Oak HC/FTStamford
Y CombinatorSan Francisco · $500K
Base10 PartnersreportedSan Francisco · $100K – $5M
Endeavor CatalystreportedNew York · $5.5M – $200M
Industry VenturesreportedSan Francisco · $250K – $50M
PayPal VenturesreportedSan Jose · $1M – $10M

Also in the syndicate · 1

Hi.vc

Funding

SEC filings, press & company announcements

$35M disclosed across 1 round · 2025

Source: company announcements and press reports — follow each round's link for the claim.

Founder mafia

2 people who came through Mendel went on to found or lead other companies.

Alan KarpovskyFounderFounded MendelAlejandro ZeclerFounderFounded Mendel

Competitors · 4

by search overlap
Stripe5 shared keywordsStripe provides financial infrastructure for businesses to accept payments, offer financial services, and implement custom revenue models across international markets in 135+ currencies.
Konfio4 shared keywordsKonfío is a Mexican financial services company operating as a non-regulated multiple-purpose financial entity (SOFOM), providing lending and financial products supervised by Mexico's National Banking and Securities Commission. It serves customers in Mexico.
Alegra4 shared keywordsAlegra provides accounting and invoicing software for businesses across Latin American countries and Spain. It offers country-specific versions tailored to local requirements in markets such as Argentina, Colombia, Mexico, and Peru.
Xepelin3 shared keywordsXepelin offers a digital platform providing working-capital financing to businesses, including invoice advances, supplier payment financing, and supply-chain finance programs. It serves companies in Mexico and Chile, integrating with tax authority systems to approve credit lines quickly.

Companies competing with Mendel for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Mendel Raises $35M Series B Fundingfinsmes.com · Mar 2025YC alum Mendel, a ‘Ramp for LatAm enterprises,’ raises $35M Series B | TechCrunchtechcrunch.com · Mar 2025Mendel Raises USD $60M to Consolidate Their Presence in Mexicohyperlatam.com · Nov 2022Mendel Raises $40 Million Series B Round to Expand its Team and Grow Product Offeringprnewswire.com · Apr 2022Mexican spend management start-up Mendel lands $35m in new fundingfintechfutures.com · Dec 2021Mexico’s Mendel secures $35M to tackle LatAm’s corporate spend management problem – TechCrunchtechcrunch.com · Dec 2021

Frequently asked questions

What does Mendel do?
Mendel is an AI-powered platform for corporate expense management serving large enterprises in Latin America, offering features including intelligent corporate cards, automated invoice recovery, instant reimbursements, and travel management with real-time visibility and control. The platform integrates with enterprise ERPs and uses AI to validate invoices against Mexico's SAT and enforce spending policies.
Who founded Mendel?
Mendel was founded by Alan Karpovsky, Alejandro Zecler in 2021.
Who are Mendel's investors?
Mendel's investors include Better Tomorrow Ventures, Hi Ventures, Infinity Ventures, Oak HC/FT, Y Combinator, Base10 Partners, Endeavor Catalyst, Industry Ventures and 1 more.
How much funding has Mendel raised?
Mendel has disclosed $35M raised across 1 round.
Where is Mendel headquartered?
Mendel is headquartered in Mexico City, MX.