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Mexico’s Mendel secures $35M to tackle LatAm’s corporate spend management problem

TechCrunch

A number of angel investors also participated including Airbase Founder and CEO Thejo Kote, Auth0 co-founder and CTO Matias Woloski, Mercado Libre CFO Pedro Arnt, Kavak COO and Bain Capital’s Keri Gohman, among others. ALLVP and Infinity Ventures, a firm founded by a trio of ex-PayPal execs, co-led the equity raise.

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Bringing AI to the Masses

Andreessen Horowitz

I think it was just this incredibly powerful technology, and given that AI wasn’t quite there yet, [social media] was the main thing that there was to do, to apply all the technology to. You know, incumbents versus startups. But it’s a real problem for the incumbent, because they can’t compromise their brand.

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Headless CMS platform Kontent secures new capital to grow its customer base

TechCrunch

This has led to hyper-growth in the headless CMS category,” Oliver Thomas, a co-founder and partner at Expedition, told TechCrunch via email. The incumbent solutions were designed for on-premise, monolithic architecture. “Kontent.ai has been a first mover and innovator in the space.”

capital 79
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Extra Crunch roundup: Edtech VC survey, 5 founder mistakes, fintech liquidity, more

TechCrunch

Edtech needs to reach beyond underfunded public school systems to become more sustainable, which is why more investors and founders are focusing on lifelong learning. Jan Lynn-Matern , founder and partner, Emerge Education (a leading edtech seed fund in Europe with portfolio companies like Aula, Unibuddy and BibliU). citizenship!

VC 107
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Citi backs Crowdz, a Pipe competitor that just raised $10M for its blockchain-powered invoice financing marketplace

TechCrunch

Specifically, its latest offering is designed to serve subscription, membership and SaaS (software-as-a-service) service companies. For its part, Pipe came out of the gate with the same SaaS focus but has since expanded to working with non-SaaS companies as well. He joined the U.S.

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CommerceIQ gets its horn as capital continues to flow into e-commerce infrastructure startups

TechCrunch

CommerceIQ’s retail e-commerce management tools automate and unify aspects, like category analytics and management of retail media, sales and operations, under one roof for brands. Incumbents are over 20 years old and built on aging infrastructure created before the smartphone and social media,” he added. Where Are They Now?

capital 89
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Vareto raises $24M from GV, Menlo and all-star angels to reinvent financial planning for enterprises

TechCrunch

Menlo also put money in the company’s latest round, in addition to 40 angel investors, including tech unicorn founders and chief financial officers. While at the social media giant, Orekhova says she built Facebook’s “first-ever” data science team within FP&A. Image Credits: Vareto.