# Mangrove

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mangrove

- Industry: Financial Services
- Headquarters: Paris, France
- Website: www.mangrove.exchange
- Total disclosed funding: $10M
- Latest round: Series A (Feb 28, 2023)
- Investors on record: 11

## About

Founded in 2021 and based in Paris, France, Mangrove is a DEX built on an order book that allows liquidity providers to publish arbitrary smart contracts. In February 2023, Mangrove raised USD 7.4 million in Series A funding from Cumberland DRW LLC, Greenfield Capital, CMT Digital, and Gumi Cryptos Capital.

The company offers a platform that enables providers of liquidity to post offers in the form of smart contracts. The firm’s platform features include conditional orders, ghost liquidity, programmable, sourcing liquidity, splitter, double sensor, non-custodial, and permissionless. Mangrove also delivers contracts, strat libraries, SDKs, and keeper bots. The firm’s partners include Wintermute, Noia, Kronos, BR Capital, BlockWall, Monday Capital, and others.

## Funding rounds

- Series A, Feb 28, 2023, $7.4M — CMT Digital, Gumi Cryptos Capital, Cumberland DRW LLC, Greenfield Capital
- Seed, Jul 1, 2021, $2.7M — Monday Capital, ATKA Capital, QCP Soteria, Zee Prime Capital, NOIA Capital, Stake Capital, Wintermute Ventures

## Investors

- Monday Capital (https://capitalatlas.ai/funds/monday-capital) — Seed
- ATKA Capital — Seed
- QCP Soteria — Seed
- Zee Prime Capital (https://capitalatlas.ai/funds/zee-prime-capital) — Seed
- NOIA Capital — Seed
- Stake Capital (https://capitalatlas.ai/funds/stake-capital) — Seed
- Wintermute Ventures (https://capitalatlas.ai/funds/wintermute-ventures) — Seed
- CMT Digital (https://capitalatlas.ai/funds/cmt-digital) — Series A
- Gumi Cryptos Capital (https://capitalatlas.ai/funds/gumi-cryptos-capital) — Series A
- Cumberland DRW LLC — Series A
- Greenfield Capital (https://capitalatlas.ai/funds/greenfield-capital) — Series A