# Mendel funding: rounds and investors

> Mendel has raised $35M across 1 round since 2025. Investors include Base10 Partners, Y Combinator and Alumni Ventures. Every round with its source.

Source: https://millionrounds.com/company/mendel (Millionrounds; every figure on the page links to its filing or article)

Mexico · [Series B startup](https://millionrounds.com/companies)

# Who invested in *Mendel*

One round we have observed, with the 11 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

B2B Fintech

Y Combinator: W21

Funding summary Updated 26 Oct 2026

**$35M** raised across 1 round since 2025, from 2 sources

- **Latest round:** Series B, $35M Mar 2025
- **Led by:** Base10 Partners
- **Investors:** 11 (1 led)

See who backed them

## The rounds

- **Mar 2025** Series B **$35M** [Base10 Partners](https://millionrounds.com/fund/base10-partners) Lead [Y Combinator](https://millionrounds.com/fund/y-combinator) [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) [Industry Ventures](https://millionrounds.com/fund/industry-ventures) [Infinity Ventures](https://millionrounds.com/fund/infinity-ventures) [Endeavor](https://millionrounds.com/fund/endeavor) [W Ventures](https://millionrounds.com/fund/w-ventures) [Better Tomorrow Ventures](https://millionrounds.com/fund/better-tomorrow-ventures) [PayPal Ventures](https://millionrounds.com/fund/paypal-ventures) [hiVC](https://millionrounds.com/fund/hi-vc) Reported by LatamList and 1 other

## Founders and team

From Mendel's own website: 1 on the team.

- **Luis Gabriel Martínez Márquez** Director Corporativo de Grupo Pavisa

## Everyone who backed them

[Base10 Partners](https://millionrounds.com/fund/base10-partners) VC firm **1** round, led 1

[Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **1** round

[Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) VC firm **1** round

[Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) Corporate VC **1** round

[Industry Ventures](https://millionrounds.com/fund/industry-ventures) VC firm **1** round

[Infinity Ventures](https://millionrounds.com/fund/infinity-ventures) VC firm **1** round

[Endeavor](https://millionrounds.com/fund/endeavor) Corporate VC **1** round

[W Ventures](https://millionrounds.com/fund/w-ventures) VC firm **1** round

[Better Tomorrow Ventures](https://millionrounds.com/fund/better-tomorrow-ventures) VC firm **1** round

[PayPal Ventures](https://millionrounds.com/fund/paypal-ventures) Corporate VC **1** round

[hiVC](https://millionrounds.com/fund/hi-vc) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=mendel).

## Also claim to have backed them

These 6 firms list Mendel as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[LaunchCapital](https://millionrounds.com/fund/launchcapital) VC firm Per its own site

[Hi Ventures](https://millionrounds.com/fund/hi-ventures) VC firm Per its own site

[advisors.fund](https://millionrounds.com/fund/advisors-fund) VC firm Per its own site

[ALLVP](https://millionrounds.com/fund/allvp) VC firm Per its own site

[Basecamp Fund](https://millionrounds.com/fund/basecamp-fund) VC firm Per its own site

[Broadhaven Venture...](https://millionrounds.com/fund/broadhaven-venture) VC firm Per its own site

## Quick answers about Mendel

### Who invested in Mendel?

Mendel's investors include Base10 Partners, Y Combinator, Alumni Ventures, Endeavor Catalyst and Industry Ventures, and 6 more on record. Base10 Partners led its latest round.

### How much has Mendel raised?

Mendel has raised $35M across 1 round since 2025.

### When did Mendel last raise?

Mendel's most recent round was a Series B of $35M in Mar 2025, led by Base10 Partners.

### What was Mendel's biggest round?

Its most recent round, $35M in Mar 2025, is also its largest on record.

### Who backed Mendel first?

Mendel's first round on record, in Mar 2025, was backed by Base10 Partners, Y Combinator and Alumni Ventures and 8 others.

### What stage is Mendel at?

Mendel's latest named round is a Series B, in Mar 2025.

### Where is Mendel based?

Mendel is based in Mexico.

### Who led Mendel's rounds?

Base10 Partners led the Series B in 2025.

## Companies like Mendel

In the same sector, and raised in the last eighteen months.

[**Mundi** $153M · Sept 2026](https://millionrounds.com/company/mundi)[**Kapital** $225M · Sept 2026](https://millionrounds.com/company/kapital)[**Nexu** $163M · Jul 2026](https://millionrounds.com/company/nexu)[**Aviva** $68M · Jul 2026](https://millionrounds.com/company/aviva)[**ARQ** $71M · Jul 2026](https://millionrounds.com/company/arq)[**Baubap** $143M · Jun 2026](https://millionrounds.com/company/baubap)

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