About Mangrove Capital Partners
Mangrove Capital Partners is a venture capital firm founded in 2000. It is primarily based out of Luxembourg, Luxembourg. As of Jun 2025, Mangrove Capital Partners has invested in 103 companies. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and Retail. Most recently it led the $18M Series B round of Sifflet along with EQT.
Overall, Mangrove Capital Partners portfolio has seen 3 unicorns, 1 IPO and 24 acquisitions including key companies like Wix, Letgo and Flo. A lot of funds co-invest with Mangrove Capital Partners, with names like ABRT sharing a substantial percentage of its portfolio.
Mangrove Capital Partners has team of 10 people including 8 partners.
Key Metrics
Team Members
, &
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed &
Portfolio IPOs
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Mangrove Capital Partners' List of Top Investments
Mangrove Capital Partners has a portfolio of 103 companies, including 3 unicorns. Their most notable investments are in ProjectMap and Trustev.Their portfolio spans across United States, Israel, United KingdomÌý²¹²Ô»å 19 more locations. They have invested in Enterprise Applications, Consumer, RetailÌý²¹²Ô»å 21 other sectors, across stages such as Series A, Seed Ìý²¹²Ô»å 3 more. Here is the list of top investments by Mangrove Capital Partners:1. Wallapop
App-based marketplace and a classified platform to buy and sell used items. Users can discover items on sale in their neighborhood at the top of the search list. Wallapop's products include anything from bicycles and mobile phones to clothing and furniture. The company offers mobile applications for Android and IOS devices.
Key facts about Wallapop
- Founded Year: 2013
- Location: Barcelona (Spain)
- Valuation: $875M as on Feb 28, 2024
- Stage: Series G
- Total Funding till date: $371M
- Investors: Lead Edge Capital, New Enterprise Associates and 29 Others
- Latest Funding Round: Series G, Feb 28, 2024, $21.7M
- Highlight: Editors' Pick
2. Wix
Cloud based website builder tool. It offers a drag-and-drop interface to create websites. It provides templates to build and customize the websites. It leverages AI that helps in the development of websites. It optimizes search engines and publishes the website. Its features include payment gateways, inventory management, SEO, CRM, reporting, analytics, website hosting, website security, and more.
Key facts about Wix
- Founded Year: 2006
- Location: Tel Aviv (Israel)
- Annual Revenue: $374M as on Mar 31, 2023
- Stage: Public
- Total Funding till date: $53.5M
- Investors: DAG Ventures, Benchmark and 11 Others
- Latest Funding Round: Post IPO, Sep 16, 2022
- Highlight: Public
3. Letgo
Letgo is an online listing platform for multi-category second-hand goods. The platform uses a proprietary technology that lets users post an item by taking a photo only. The products include electronic items, sports items, vehicles, home & garden items, etc. Its mobile application is available for iOS and Android.
Key facts about Letgo
- Founded Year: 2015
- Location: New York City (United States)
- Last Known Valuation: $1.5B as on Aug 08, 2018
- Stage: Acquired
- Total Funding till date: $975M
- Investors: New Enterprise Associates, Naspers and 12 Others
- Latest Funding Round: Series E, Aug 08, 2018, $500M
- Highlight: Acquired
4. Flo
Provider of AI based mobile app that tracks and predicts menstrual cycles. It helps to tracks and predicts menstrual cycles, ovulation, and fertile days. The AI powered application also offers personalized daily health insights and an online community of experts and peers to discuss health related issues. The application helps women to enhance the chance of conception with predicted ovulation and fertile day.
Key facts about Flo
- Founded Year: 2015
- Location: London (United Kingdom)
- Annual Revenue: £112M as on Dec 31, 2023
- Valuation: $1B as on Jul 30, 2024
- Stage: Series C
- Total Funding till date: $269M
- Employee Count: 375 as on Dec 31, 2023
- Investors: General Atlantic, Target Global and 11 Others
- Latest Funding Round: Series C, Jul 30, 2024, $200M
- Highlight: Editors' Pick
5.
Skype is a software application that enables video chat, call, share videos and text messages over the internet. Skype to Skype calls is free while calls to landline and mobile phones are charged through Skype credit account. Skype supports conference calls, video chats, and screen sharing between 25 people at a time for free. It is a peer-to-peer system rather than client-server system, unlike other VOIP services.
Key facts about Skype
- Founded Year: 2002
- Location: Luxembourg
- Stage: Acquired
- Total Funding till date: $26.8M
- Investors: Silver Lake, CampVentures and
- Latest Funding Round: Series B, Apr 16, 2010, $7.76M
- Highlight: Acquired
Mangrove Capital Partners' Year-on-Year Investment Trends
Mangrove Capital Partners has invested in 103 companies over the last 24 years, with an average of 5 new investments annually in the last 10 years. In 2024, it made 3 investments, while as of Jun 2025, it has made 2 investments in this year. Its most recent first time investment was in Finmatics and most recent follow-on round was in Sifflet.
Year | No. of Investments | ||
|---|---|---|---|
1stÌý¸é´Ç³Ü²Ô»å | Follow-on | Total | |
2025 (YTD) | 0 | 2 | 2 |
2024 | 0 | 3 | 3 |
2023 | 5 | 3 | 8 |
2022 | 5 | 2 | 7 |
2021 | 6 | 5 | 11 |
2020 | 4 | 3 | 7 |
2019 | 6 | 4 | 10 |
2018 | 8 | 9 | 17 |
2017 | 3 | 5 | 8 |
2016 | 9 | 3 | 12 |
Get Mangrove Capital Partners' portfolio delivered to your inbox!
Mangrove Capital Partners' Investments by Stage
Mangrove Capital Partners has made 41 investments in Series A stage with an average round size of $7.17M, 38 investments in Seed stage with an average round size of $4.29M, 10 investments in Series B stage with an average round size of $23.1M, 4 investments in Series C stage with an average round size of $77M and 1 investment in Angel stage with an average round size of $1.2M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
|---|---|
Series A | 41 |
Seed | 38 |
Series B | 10 |
Series C | 4 |
Angel | 1 |
Mangrove Capital Partners' Investments by Sector
Mangrove Capital Partners has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Retail, Enterprise Infrastructure and FinTech. Notably, it has invested in 95 Tech companies, 57 Consumer (B2C) companies, 55 Enterprise (B2B) companies and at least 46 companies focusing on Software.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
Consumer | 45 |
Enterprise Applications | 37 |
Retail | 18 |
Enterprise Infrastructure | 11 |
FinTech | 11 |
Others | 76 |
Mangrove Capital Partners' Investments by Geography
Mangrove Capital Partners has made most investments in United States (16), followed by United Kingdom where it has made 13 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
|---|---|
United States | 16 |
United Kingdom | 13 |
Germany | 12 |
Israel | 12 |
Russia | 7 |
Others | 34 |
Mangrove Capital Partners' recent investments
Here are the most recent investments by Mangrove Capital Partners:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 19, 2025 | France | Series B | $18M | EQT [+1] | |
Mar 18, 2025 | Israel | Series A | $11M | Toyota Ventures [+1] | |
Sep 10, 2024 | United Kingdom | Series D | $55M | - | |
Jul 24, 2024 | Spain | Series D | $65.2M | Quadrille Capital [+6] | |
Jul 01, 2024 | United States | Series F | $88.4M | [+3] |
Get the detailed list of all investments by Mangrove Capital Partners. Download now!Unicorns in Mangrove Capital Partners' Portfolio
Here is a list of unicorns in Mangrove Capital Partners' portfolio:
ÃØÃÜÑо¿Ëù Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
72 | Provider of AI based mobile app that tracks and predicts menstrual cycles | 2015 | London | Series C | kxwudsn | ||
49 | Provider of banking solutions for businesses, focusing on payments, corporate banking, and embedded finance | 2016 | London | Series D | ezypnfq | ||
72 | AI-based platform providing access to clinicians | 2016 | New York City | Series F | yttallr |
IPOs and Publicly Listed companies in Mangrove Capital Partners' Portfolio
Here are Mangrove Capital Partners' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 06, 2013 | Oct 13, 2008 | Series B | $3.5M |
Acquired companies in Mangrove Capital Partners' Portfolio
Here are Mangrove Capital Partners' portfolio companies that got acquired most recently:
_1573710523774.png?height=40&width=40){kind=logo}
Team profile of Mangrove Capital Partners
Mangrove Capital Partners has a team of 10 membersÌýincluding 8 Partners and 1 PrincipalÌýlocated in Luxembourg, Israel and . Mangrove Capital Partners' team sits on the board of 1 company.Here is a list of all team members in Mangrove Capital Partners:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | Luxembourg | - | ||
Partner | Luxembourg | |||
Partner | Petah Tikva | - | ||
Partner | Luxembourg | - | - | |
Partner | Luxembourg | - | ||
Partner | Luxembourg | - | ||
Partner | Berlin | - | ||
Partner | Luxembourg | - | ||
Principal | Israel | - | ||
Analyst | Petah Tikva | - | - |
Get the full list of Mangrove Capital Partners' team & partners for free. Download now!Co-investors of Mangrove Capital Partners
Over the past 24 years, 406 investors have co-invested in Mangrove Capital Partners's portfolio companies.
- Invested before Mangrove Capital Partners:ÌýFJ Labs, Seedcamp and 73 others have invested in rounds before Mangrove Capital Partners. There are 2 companies where FJ Labs has invested before Mangrove Capital Partners and 2 companies where Seedcamp has invested before Mangrove Capital Partners.
- Top Co-investors of Mangrove Capital Partners:Ìý157 investors entered a company along with Mangrove Capital Partners. These include investors like ABRT (6 companies).
- Invested after Mangrove Capital Partners:ÌýA total of 174 investors have invested in Mangrove Capital Partners's portfolio after their investments. Top Investors include 14W (3 companies), Insight Partners (2 companies) and DAG Ventures (2 companies).
Get full list of Mangrove Capital Partners' co-investors delivered to your inbox!
Recent News related to Mangrove Capital Partners
•
BioWorld•Mar 19, 2025•Brain.Space, Toyota Ventures, Mangrove Capital Partners, The Group Ventures
•
HIT Consultant•Mar 18, 2025•Brain.Space, Toyota Ventures, Mangrove Capital Partners, The Group Ventures and 1 other
•
FinSMEs•Mar 18, 2025•Brain.Space, Toyota Ventures, Mangrove Capital Partners, The Group Ventures
•
•
•
•
intelligence360•Jul 09, 2024•K Health, Mangrove Capital Partners, Valor Equity Partners, Atreides Management and 1 other
•
Tech Funding News•Jul 03, 2024•Contrarian Ventures, Emblem, Mangrove Capital Partners, Eurazeo and 1 other
•
Business Wire•Jul 01, 2024•K Health, Mangrove Capital Partners, Valor Equity Partners, Atreides Management and 2 others
