Mendo secures €12M to scale enterprise AI adoption in Europe

Overview

Mendo, a Paris-based startup founded in 2021, raised 12 million euros in Series A funding to help large companies put generative and agentic AI to work for their employees. Ventech and Educapital led the round, with Tomcat and OVNI also taking part. The deal brings Mendo's total funding to 15.5 million euros and will fund European expansion and a doubling of staff from 50 to 100 people.

Key Takeaways

Mendo closed a 12 million euro Series A round led by French investors Ventech and Educapital, with Tomcat and OVNI joining.
The company sells software that sits inside the AI tools employees already use, such as Microsoft Copilot, ChatGPT, Google Gemini, and Mistral AI, and coaches workers toward better use in real time.
Mendo says its method drives adoption rates up to six times higher than traditional training approaches.
The startup already supports about 100,000 employees across more than 100 large organizations, naming PwC, Novo Nordisk, Credit Agricole, and Groupe Rocher as clients.
New funding will deepen analytics that measure return on AI spending, expand into Germany and the Nordics, and grow product, engineering, and sales teams.

Stats & Key Facts

#12 million euros raised in the Series A round
#15.5 million euros in total funding to date, including a 3.5 million euro seed round in October 2024
#Workforce growing from 50 to 100 employees, a doubling of staff
#About 100,000 employees supported across the platform
#More than 100 large organizations using Mendo as clients
#Adoption rates up to 6 times higher than traditional methods, per the company

A 12 Million Euro Series A Led by Ventech and Educapital

The round gives Mendo fresh capital and a wider investor base.

›Ventech and Educapital, both French firms, led the financing.
›Tomcat and OVNI also took part in the round.
›The 12 million euros follows a 3.5 million euro seed round closed in October 2024.
›Total funding now stands at 15.5 million euros.
›The company has not disclosed a valuation.

How Mendo Closes the Gap Between AI Tools and the People Who Use Them

The product targets a common problem: companies buy AI tools but staff rarely use them well.

Mendo builds software that embeds directly inside the generative AI tools workers already have open, including Microsoft Copilot, ChatGPT, Google Gemini, and Mistral AI. Rather than running a one-time training session, it guides employees toward better use in the moment they are working.

The platform also points companies toward the AI use cases most likely to deliver value, tracks how widely each tool is adopted, and supports staff through the change. The aim is to turn AI spending into results a business can measure.

The Adoption Problem in Enterprise AI

Mendo positions itself against a well-documented failure rate in corporate AI projects.

›The startup cites Gartner research finding that roughly 70 percent of enterprise AI and agentic projects never reach real deployment.
›Many companies buy licenses for AI assistants but see low day-to-day use among employees.
›Mendo argues that adoption, not the tool itself, is the harder part of the problem.
›By measuring use and return on investment, it tries to show finance leaders where AI spending pays off.

Named Clients and Scale Across Europe

Mendo already has a sizable customer base for a young company.

›The platform supports about 100,000 employees in total.
›More than 100 large organizations use the software.
›Named clients include PwC, Novo Nordisk, Credit Agricole, and Groupe Rocher.
›Customers span professional services, pharmaceuticals, banking, and consumer goods.

Where the Money Goes: Analytics, Hiring, and New Markets

Mendo set three priorities for the new capital.

The first priority is deepening the analytics layer so clients get clearer visibility into the return on investment from deploying AI agents. The second is doubling headcount from 50 to 100 employees, with new hires focused on product, engineering, and sales.

The third is commercial expansion. Mendo plans to push beyond its French base into Germany, the Nordic countries, and other major European markets, building on the customers it already serves across the region.

Agentic AI as an Operating Layer, in the Founders' View

The leadership team frames agentic AI as a bigger shift than earlier productivity tools.

Mendo was co-founded in 2021 by Quentin Amaudry, the chief executive, and Alexandre Pinon. Amaudry, who grew up in Madagascar, has spoken about watching people use whatever technology they could find to improve their lives.

Amaudry describes agentic AI as a change in status for the technology. In his framing, AI stops being a tool that saves a worker a few hours a week and becomes a layer that orchestrates and governs how a company operates. That view shapes Mendo's pitch that managing adoption and governance is where the real value sits.

Frequently Asked Questions

What does Mendo do?

Mendo makes software that sits inside the generative AI tools employees already use, such as Copilot and ChatGPT, and coaches them toward better use in real time. It also helps companies pick high-value AI use cases and measure adoption and return on investment.

How much did Mendo raise and who invested?

Mendo raised 12 million euros in a Series A round led by Ventech and Educapital, with Tomcat and OVNI also participating. Counting an earlier 3.5 million euro seed round, total funding reaches 15.5 million euros.

Which companies use Mendo?

The company says it supports about 100,000 employees across more than 100 large organizations. Named clients include PwC, Novo Nordisk, Credit Agricole, and Groupe Rocher.

What will Mendo do with the funding?

Mendo plans to strengthen its analytics, double its staff from 50 to 100 employees in product, engineering, and sales, and expand into Germany, the Nordics, and other European markets.

Why does AI adoption matter for enterprises?

Mendo cites Gartner research showing roughly 70 percent of enterprise AI and agentic projects never reach real deployment. Driving employee adoption is the gap the company aims to close so AI spending produces measurable results.

Mendo's Series A reflects investor interest in the practical side of enterprise AI: getting employees to actually use the tools companies buy. With 15.5 million euros now raised and a customer base spanning major European firms, the startup is betting that measuring adoption and return on investment is where the next round of value sits.