What is Mendel?
Founded in 2016 and headquartered in San Jose, California, Mendel operates as an artificial intelligence engine designed to enhance personalized patient care. The company achieves this by meticulously scanning and evaluating patient records, leveraging advanced AI capabilities to derive actionable insights. This focus on data-driven healthcare solutions positions Mendel at the intersection of artificial intelligence and personalized medicine, a rapidly evolving and critical sector.
How much funding has Mendel raised?
Mendel has raised a total of $42.1M across 3 funding rounds:
Other Financing Round
$2M
Debt
$150K
Series B
$40M
Other Financing Round (2017): $2M with participation from SOSV, LaunchCapital, DCM Ventures, and BootstrapLabs
Debt (2020): $150K led by PPP
Series B (2022): $40M supported by Oak HC/FT and DCM Limited
Key Investors in Mendel
Oak HC/FT
Oak HC/FT is a venture growth-equity fund specializing in Healthcare Information & Services and Financial Services Technology. With significant assets under management, they focus on driving transformation through strategic counsel and network access.
SOSV
SOSV is a multi-stage venture capital investor that provides intellectual and financial capital to accelerate founders' big ideas, focusing on early-stage companies.
BootstrapLabs
BootstrapLabs is a Silicon Valley-based Venture Capital firm focused on Applied Artificial Intelligence, investing in mission-driven founders and providing early-stage capital and strategic support.
What's next for Mendel?
The substantial enterprise-level funding, particularly the recent major strategic investment, indicates a pivotal growth phase for Mendel. This capital infusion is expected to fuel further development of its AI engine, expand its market reach, and potentially forge new strategic partnerships within the healthcare ecosystem. The company is poised to scale its operations, enhance its technological capabilities, and solidify its position as a leader in personalized patient care through AI.
See full Mendel company page
