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Mendel

Mendel provides spend management software and smart corporate cards for enterprises, featuring real-time spend controls and automated expense reporting.

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Secondary Market Price

Updated: 
Oct 2025
Current Preferred Price
Date:
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Prospect Projected Preferred
Current FMV
Date:
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Prospect Projected FMV
~$250M
Company Valuation
Updated: 
Oct 2025
Health
Industry
Ciudad de México, CDMX
Headquarters
2017
Year Founded
150+
Employee Count
--

Secondary Market Price

Updated: 
Oct 2025
Current Preferred Price
Date:
Sign in to view
Prospect Projected Preferred
Current FMV
Date:
Sign in to view
Prospect Projected FMV
~$250M
Company Valuation
Updated: 
Oct 2025
Health
Industry
Ciudad de México, CDMX
Headquarters
2017
Year Founded
150+
Employee Count

How Mendel Measures Up

To help you manage your Mendel equity, Prospect has run the company through our machine learning model.

Prospect Rating

TBD

We are still gathering data to finalize our rating for Mendel. Please check back soon for our projection of the company's value four years from now.

Exit Risk

TBD

We are still gathering data on Mendel to train our machine learning model. Check back soon for our exit risk rating for Mendel!

Funding Stage

Series B

Since Mendel is in its Series B stage, it has moved beyond the initial startup risks and is now focused on significant growth. This means you'd be joining a more established company that still offers substantial opportunities to shape its future and your own career path.

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Est val ~$250M
+$13.13 (▲50%)
Jan, 2024 - Jan, 2025

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Prospect Projected Future Mendel Prices

Prospect’s machine learning model has been trained on the same data top-tier investors use to project the likely range of outcomes for Mendel's equity. Create a free account to view 10th-90th percentile projections over 2, 4, and 6 years.

Powerful tools to earn more from your equity

Company Description

Mendel is a financial technology company that provides spend management software and smart corporate credit cards to large enterprises in Mexico and Latin America. The company's platform enables finance departments to set real-time spending rules and track expenses from a centralized dashboard, while employees can use it for simplified expense reporting. Founded in 2021 by Helena Polyblank and Alejandro Zecler, the Mexico City-based company operates legally as Shlujim, S.A. de C.V. and serves major corporate clients including Mercado Libre, Telmex, and PetCo.

Looking forward, Mendel is focused on growth and product enhancement, supported by a $35 million Series B funding round closed in March 2025 with investors like Base10 and Paypal Ventures. The company has recently launched new platform features, including more flexible budgeting controls and AI-powered expense and invoice management to automate reporting. It has also expanded its ecosystem through strategic partnerships, such as a collaboration with Banco CMF to provide corporate card management tools to new clients.

Mendel Notable Investors

  • Industry Ventures
  • Victory Park Capital

Mendel Founders

  • Co-Founder, CEO Karim Galil
  • Co-Founder, Chief Science Officer Wael Salloum

Peer Group Comparison

Vs Peer Group of >$4B Startups

Peer Group Comparison

Frequently Asked Questions

Is Anduril worth joining?

Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.

Is Mendel worth joining?

Deciding whether to join a startup like Mendel requires evaluating the potential value of your equity compensation, not just the salary. Platforms like Prospect can help you assess the opportunity by providing independent projections on what a startup’s equity is likely to be worth.

What should I do with my Mendel stock?

Managing private stock involves creating a strategy around exercising options, planning for taxes, and understanding potential liquidity events. You can use specialized tools from a service like Prospect to model different scenarios and create a tax-optimized plan for your equity.

Can you sell Mendel stock?

As a private company, Mendel stock is not liquid and cannot be sold on a public exchange, though employees may have opportunities during tender offers or on secondary markets. Platforms like Prospect provide tools to help you analyze tender offers and track secondary market pricing to make an informed decision.

How can I find the value of my Mendel stock?

The value of private company stock isn't public, but it can be estimated based on the company's 409A valuation, recent funding rounds, and performance metrics. To get an independent projection, you can use a platform like Prospect, which uses VC-grade data and models to evaluate startup equity.

What is Mendel's equity worth?

The precise worth of Mendel's equity is private information, determined by factors like its valuation, growth, and market position. You can get a data-driven estimate by using a service like Prospect, which analyzes company fundamentals to project what your equity could be worth.

What is Mendel's stock ticker symbol?

As a private company, Mendel is not traded on a public stock exchange and therefore does not have a stock ticker symbol. Ticker symbols are only assigned to companies once they complete an Initial Public Offering (IPO).

Can I buy or sell Mendel stock?

Buying or selling stock in a private company like Mendel is restricted and typically occurs through company-approved secondary transactions, not on the open market. Platforms like Prospect offer tools to help employees navigate selling opportunities like tender offers by providing tax optimization and pricing data.

What is the criteria to buy or invest in Mendel stock?

Directly investing in a private company like Mendel is usually limited to accredited investors and institutions during specific funding rounds. For employees evaluating an offer, platforms like Prospect provide key criteria for assessment, including data on company performance, investor quality, and growth metrics.

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