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Mexican Social Commerce Startup Bendo Raised USD $1.1M Seed Round

Agustín García and Miguel Navarro, founders of Bendo

Bendo is a mobile app where people can start a business within 5 minutes. The app is a marketplace that facilitates social commerce, it works as a two-sided model where product suppliers list items and anyone can register to become a product seller. The sellers earn commissions from every product they sell. Free online inventory, logistics and technology are provided for the suppliers.

The Monterrey-based startup was founded in 2021 by Agustín García and Miguel Navarro with the goal of removing the fears and barriers that exist when starting your own business.

Bendo’s latest round was led by Canary, with the participation of 500 Startups, Seedstars and Angel Hub. The capital will be used for further growing their presence in Mexico, reaching 500,000 app downloads and start planning their expansion throughout Latin America.

"Canary's investment will enable us to move forward at a faster pace in 2022. We will remain focused on our operations in Mexico while we lay the groundwork and chart a course for international expansion, as our goal is to reach millions of Latin Americans" -Agustín García, Co-founder and CEO of Bendo.