📝 Mendel raises $35M

Liam Gill
March 28, 2025

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This tech company grew 32,481%...

No, it's not Nvidia... It's Mode Mobile, 2023’s fastest-growing software company according to Deloitte.

Just as Uber turned vehicles into income-generating assets, Mode is turning smartphones into an easy passive income source, already helping 45M+ users earn $325M+ through simple, everyday use.

They’ve just been granted their stock ticker by the Nasdaq, and you can still invest in their pre-IPO offering at just $0.26/share.

Invest Now

Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
*Please read the offering circular and related risks at invest.modemobile.com.

News of the Day

Mexico City-based Mendel has raised a $35 million Series B, bringing its total equity funding to $60 million, plus a $50 million credit facility. The corporate spend management startup, which automates CFO operations, saw 2.5x ARR growth and 75%+ gross margins but isn’t yet profitable. Base10 Partners led the round, with new investors including PayPal Ventures. Unlike SMB-focused competitors, Mendel targets large Latin American enterprises with multi-entity, multi-currency needs. Already in Mexico and Argentina with 500 clients, it plans to expand to Chile, Colombia, and Peru in 2025 and Brazil in 2026.

What does 17,784 hours of a founder's life look like? @SamCorcos obsessively tracked every 15 minutes of building @Levels for 5 yrs — and the data revealed some counterintuitive truths about burnout, engineering management, & scaling. The full breakdown:
— Liz Wessel (@lizwessel)
4:47 PM • Mar 26, 2025

If you have tweets you want to submit to be featured here (from you or someone you like), reply to this email with a link!

Chart of the Day

Take From the Rich, Give to the People, Big Data’s Robinhood

Big tech uses our data to pad their pockets. Facebook alone makes $42B a year. But modern-day Robinhood, $MODE, allows everyone to share in the profits. 45M+ users and $60M+ in revenue later, Mode prepares for an IPO.

Invest at just $0.26/share.

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📱Book a Strategy Call to get 1:1 feedback on your pitch, pitch deck and/or fundraising strategy. (If you need general startup advice, then reply to this email, and I’ll let you know if/how I can help.)

Onwards and Upwards,

Liam Gill