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Mexican Bendo lands $1.1 million pre-seed round led by Canary

Bendo, a Mexico-based mobile app that allows anyone to start a business in 5 minutes, closed a $1.1 million pre-seed investment round led by Canary, with participation from Seedstars, Angel Hub and other angel investors. selected.

Bendo is a marketplace that decentralizes the catalog sales market. With a mobile app, social commerce enables anyone to sell products online by providing free inventory, logistics, and technology.

“Canary’s investment will allow us to move forward at a faster pace in 2022. We will remain focused on our operations in Mexico as we lay the groundwork and chart a course for international expansion as we aim to reach millions of Latin Americans”

Agustín García, Bendo’s co-founder and CEO.

Bendo was founded in 2021 by Agustín García and Miguel Navarro (both ex-DiDi), to offer solutions to people who have always wanted to have their own business. With their experience in the gig economy, the entrepreneurs created a digital catalog sales model that anyone can use at no cost. All that is required to start selling products is a cell phone and an Internet connection.

“From our first conversations, we were impressed with Agustín and Miguel’s skills and ambition to build a relevant company. We believe that Bendo has the potential to change the game for millions of Latin Americans by giving them the opportunity to increase their income.”

The managing partner of the Canary Islands, Marcos Toledo.

Bendo will use the capital to expand its reach throughout Mexico, with the goal of reaching 500,000 people and spreading the business model throughout Latin America.

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