Engagement — Platform Due Diligence
Code & Co. provides AI & Tech Due Diligence to Educapital and Ventech ahead of its investment in Mendo, a SaaS platform for enterprise AI adoption.
Mendo, a startup specializing in generative and agentic AI adoption for enterprises, has announced a €12M Series A. Following its previous €3.5M seed round in October 2024, this new funding led by Ventech and Educapital, joined by Tomcat and OVNI, will allow Mendo to accelerate the deployment of its platform across large European enterprises.
Scope of work
Code & Co. advised Educapital and Ventech on AI & Tech Due Diligence through an in-depth evaluation of the Mendo platform, covering its AI-enabled adoption solution, integration approach across major generative AI applications, and product strategy focused on enterprise analytics and AI agent governance.
The assessment further examined the underlying AI implementation, technology stack, software architecture, scalability, and cybersecurity practices, and concluded with a review of Mendo's engineering organization, software development lifecycle, and key considerations for supporting continued product development and growth.
About Mendo
Founded in 2021 by Quentin Amaudry and Alexandre Pinon, Mendo is a SaaS solution that helps large enterprises succeed in their AI and agentic transformation by placing their employees at the center of the process. Integrated directly into the tools teams already use, Mendo combines adoption, governance, and agent deployment to make AI a genuine performance driver. The company currently supports around a hundred large European organizations. To learn more, visit https://mendo.cloud.
About Educapital
Marie-Christine Levet and Litzie Maarek launched Educapital in 2017, the pioneer European investment fund dedicated to Edtech, with the aim to bring innovation to education and learning. With $200m assets under management today, Educapital is the largest European fund dedicated to Edtech and Future of work. Educapital is an impact fund, focused on providing quality education to all, improving educational outcomes and access to work for everyone. Educapital is also the first independent venture capital firm founded by two women. Educapital invests in innovative European companies with a high potential to scale and become global category leaders, founded by visionary, mission-driven entrepreneurs, with a strong impact mission, from late seed to Series B, up to €10M per investment. For more information, visit https://educapitalvc.com.
About Ventech
Founded in France in 1998 and expanded across Europe and Asia, Ventech is one of Europe's most experienced early-stage venture capital firms. The Ventech Capital Funds are Ventech's flagship and anchor funds, primarily focused on European Seed and Series A tech investments to help promising startups accelerate their growth trajectory globally. To date, Ventech has raised €1bn in funds, supported over 320 companies, and delivered 185 exits and 19 IPOs, with offices in Paris, Berlin, Munich, Helsinki, Stockholm, Shanghai and Hong-Kong. Notable portfolio companies include Believe, Vestiaire Collective, Withings, Veo, Prewave, OKAPI:Orbits, OneRobotics, Faircraft, Equitable Earth (formerly ERS) and Co-reactive. For more information, visit https://ventechvc.com.