Mangrove Capital Partners

Mangrove Capital Partners
Private
Industry Venture Capital
Founded 2000 (2000)
Headquarters Luxembourg
Area served
 Europe, Israel, Russia, India
Key people
 Mark Tluszcz
(Co-founder and CEO), Hans-Jürgen Schmitz
(Co-founder), Michael Jackson
(Partner)
Products Venture capital, Growth capital, Mobile Internet
Total assets $750m
Number of employees
 9

Mangrove Capital Partners is a venture capital firm based in Europe which is focused on investing in early stage information technology companies. It aims at being the first institutional investor and supports its best companies through successive rounds of financing. The firm is considered to be one of the top venture capital (VC) firms investing in early stage tech startups across Europe[1] and has been active in Israel[2] and Russia since 2007.[3] It is best known for making early investments in Skype and Wix.com[1] - which became the largest-ever IPO for an Israeli firm when it floated on Nasdaq in 2013.[4] It is also one of the most active venture capital firms in Berlin.[5]

The firm's co-founder and CEO Mark Tluszcz was among the first investors in Europe to feature on the 'Forbes Midas List of Top Technology Investors'.[6] Among its partners, the firm counts the former COO of Skype Michael Jackson (engineer) and the former Vice-Chairman of FC Barcelona Marc Ingla.[6]

Mangrove is a Luxembourg based firm, registered in Luxembourg as a fund manager operating investment vehicles established as regulated investment companies subject to the authorization and ongoing supervision of the Commission de Surveillance du Secteur Financier (CSSF).[7] Mangrove is the founder of the Luxembourg Private Equity Association (LPEA), which now has an active member base of 60 organizations, and currently serves as its President.

Investments

Mangrove has made early investments in over 70 start-ups across the globe including Skype, Wix.com,[1] KupiVIP, Rdio, Nimbuzz, FreedomPop, Brands4Friends,[8] Spreets, OpenX, Walkme, Trustev,[9] Outfittery,[10] Lesara,[11] Helpling,[12] Enigma Digital Limited and Echobox.[13]

History

The firm was founded in 2000 by Mark Tluszcz, Gerard Lopez and Hans-Jürgen Schmitz.[14]

References

  1. 1 2 3 Li, Charmaine (June 20, 2013). "20 leading VC firms investing in early-stage tech startups in Europe". Venture Village. Retrieved March 7, 2013.
  2. ↑ Rooney, Ben (October 24, 2013). "Next Challenge For Israeli Tech? Build Global Companies". Wall Street Journal. Retrieved December 4, 2014.
  3. ↑ Ratmir, Tymashev (April 22, 2014). "Ratmir Timashev - How Western funds choose Russian startups". Rusbase. Retrieved December 12, 2014.
  4. ↑ Koetsier, John (November 6, 2013). "Website builder Wix raises $127M in largest-ever IPO for Israeli firm". VentureBeat. Retrieved December 3, 2014.
  5. ↑ "German Tech Startup Funding Tops $1B in 2014". CB Insights. February 28, 2015. Retrieved April 5, 2015.
  6. 1 2 "The Midas List". Forbes. 29 January 2009. Retrieved 4 December 2014.
  7. ↑ "mangrove-capital-partners". crunchbase. 9 November 2013. Retrieved 9 November 2013.
  8. ↑ Lunden, Ingrid (January 28, 2011). "Skype Founders' Music Venture Rdio Gets Funded By Mangrove Capital". Gigaom. Retrieved December 3, 2014.
  9. ↑ "Trustev raises US$3m in one of Europe's largest seed funding rounds". Silicon Republic. October 30, 2013. Retrieved December 3, 2014.
  10. ↑ Kueppeťr, Michelle (January 25, 2013). "Outfittery announces million euro funding from Mangrove Capital, IBB, RI Digital Ventures". Tech.eu. Retrieved December 12, 2014.
  11. ↑ "$7 Million A Round for C&A and Primark challenger Lesara". VentureVillage. October 7, 2015. Retrieved April 5, 2015.
  12. ↑ Wauters, Robin (December 2, 2014). "Rocket Internet's marketplace for on-demand cleaning, Helpling, raises $17 million". Tech.eu. Retrieved December 12, 2014.
  13. ↑ Macdonald, Josh (July 4, 2016). "AI Online Publishing Service Echobox raises $3.4M". Inquisitr. Retrieved July 21, 2016.
  14. ↑ Spurgeon, Brad (July 26, 2013). "Billionaires Stake Their Elite Racing Claims". New York Times. Retrieved March 18, 2015.
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