Tech Company Financing Transactions
Mangrove DAO Funding Round
Greenfield Capital Partners, CMT Digital Ventures and Cumberland invested in a $7.4 million Series A funding round for Mangrove DAO. The round closed on 2/28/2023.
Transaction Overview
Company Name
Announced On
2/28/2023
Transaction Type
Venture Equity
Amount
$7,400,000
Round
Series A
Investors
Proceeds Purpose
The company will use the funds recently for its order book-based platform that allows digital asset traders to execute smart offers of liquidity pre-emptively, underpinned by digital contracts.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
Vesterbrogade 74
Copenhagen, 1620
DK
Copenhagen, 1620
DK
Phone
Undisclosed
Website
Email Address
Overview
Mangrove is an order book-based DEX that allows liquidity providers to post arbitrary smart contracts as offers. This new flexibility enables liquidity providers to post offers that are not fully provisioned. The Mangrove's order book lists promises instead of locked commitments. Liquidity can be shared, borrowed, lent and, at the same time, be displayed in the Mangrove's order book, ready to be sourced when, and only when, an offer is hit.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Adrien Husson
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We do our best to report on funding rounds that are announced publicly. All VC database entries reported here are derived from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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