# Mangrove Capital Partners: portfolio, investments and team

> Mangrove Capital Partners is a vc firm based in Luxembourg. 135 investments on record, 6 in the last 12 months, latest Aug 2026.

Source: https://millionrounds.com/fund/mangrove-capital-partners (Millionrounds; every figure on the page links to its filing or article)

Luxembourg · [Investor](https://millionrounds.com/investors)

# Mangrove Capital Partners

Last cheque observed Aug 2026; 135 cheques on record.

Email

Deploying now VC firm

Pre-seed Seed Series A E-Commerce Electronics Internet

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Deploying now

**75%** of best year **6** **cheques in 12 months**, 135 on record

Since the last cheque **91** days **00** hrs **00** min **00** sec

Median round **$6.3M** Cheque size, as they say **$100K – $5.0M** Rounds led **3 of 135** Sole investor **34 rounds** Exits **11 from the portfolio** Mostly in **Spain, 23%**

Pitch Mangrove Capital Partners

## Mangrove Capital Partners highlights

- 01 6 cheques in the last 12 months
- 02 Mostly Series A and Venture: 59% of its rounds
- 03 Sole investor in 34 rounds, median $3.5M
- 04 11 exits from the portfolio

## What they do

> Mangrove Capital Partners is a contrarian investment firm helping innovative entrepreneurs start and grow. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $100K – $5.0M as they say
- **Stages:** Pre-seed Seed Series A Series B Growth Pre-IPO
- **Sectors:** E-Commerce Electronics Internet
- **Based in:** Luxembourg, Luxembourg
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **135 appearances**

- **2026** 3 rounds
- **Aug** **[Edgify](https://millionrounds.com/company/edgify)** Series A · GB **$9.0M** With 1 other
- **Jul** **[Badi](https://millionrounds.com/company/badi)** Growth · ES **$5.4M** With 4 others
- **Mar** **[Wellster Healthtech Group](https://millionrounds.com/company/wellster-healthtech-group)** Debt · DE **$12M** With 2 others
- **2025** 7 rounds
- **Dec** **[Titan OS](https://millionrounds.com/company/titan-os)** Series A · ES · TechCrunch **$58M** With 1 other
- **Dec** **[King Energy](https://millionrounds.com/company/king-energy)** Venture · US **Undisclosed** With 2 others
- **Dec** **[Titan Operating System](https://millionrounds.com/company/titan-operating-system)** Series A · ES **$58M** With 1 other
- **Jun** **[Sifflet](https://millionrounds.com/company/sifflet)** FR · TechStartups **$18M** *Led*
- **Mar** **[BrainSpace](https://millionrounds.com/company/brainspace)** Series A · US **$11M** With 2 others
- **Jan** **[Flo Health](https://millionrounds.com/company/flo-health)** Series C · GB · Amboy Street **$200M** With 3 others
- **Jan** **[Partao](https://millionrounds.com/company/partao)** Pre-seed · LU **$3.1M** With 2 others
- **2024** 6 rounds
- **Oct** **[King Energy](https://millionrounds.com/company/king-energy)** Seed · US **$10M** With 2 others
- **Oct** **[Enstack](https://millionrounds.com/company/enstack)** Venture · SG **$3.0M** Sole investor
- **Sept** **[The Bank of London](https://millionrounds.com/company/the-bank-of-london)** Venture · GB **$55M** Sole investor
- **Aug** **[NXRT](https://millionrounds.com/company/nxrt)** Series A · AT **$5.0M** With 1 other
- **Jun** **[Badi](https://millionrounds.com/company/badi)** Venture · ES **$5.4M** With 4 others
- **Mar** **[greenworkx](https://millionrounds.com/company/greenworkx)** Pre-seed · GB **$1.1M** With 1 other
- **2023** 5 rounds
- **Dec** **[Frak Labs](https://millionrounds.com/company/frak-labs)** Venture · FR **Undisclosed** With 1 other
- **Sept** **[Red Points](https://millionrounds.com/company/red-points)** Venture · ES **Undisclosed** With 4 others
- **Sept** **[SQream Technologies](https://millionrounds.com/company/sqream-technologies)** Series C · US **$45M** With 3 others
- **Jun** **[Twill](https://millionrounds.com/company/twill)** Venture · US **Undisclosed** With 3 others
- **Mar** **[Finmatics](https://millionrounds.com/company/finmatics)** Series A · AT **$6.3M** Sole investor
- **2022** 11 rounds
- **Oct** **[SmartIQ](https://millionrounds.com/company/smartiq)** Series A · TR **$350K** Sole investor
- **Jun** **[Buo](https://millionrounds.com/company/buo)** Pre-seed · ES **$2.1M** Sole investor
- **Jun** **[Tailor Brands](https://millionrounds.com/company/tailor-brands)** Venture · US **Undisclosed** With 2 others
- **May** **[Echobox](https://millionrounds.com/company/echobox)** Debt · GB **$6.0M** With 3 others
- **May** **[Durcal](https://millionrounds.com/company/durcal)** Venture · ES **$8.4M** With 2 others
- **Apr** **[Affogata](https://millionrounds.com/company/affogata)** Venture **Undisclosed** With 1 other
- **Apr** **[Proggio](https://millionrounds.com/company/proggio)** Series A **$8.0M** Sole investor
- **Mar** **[Shipsta](https://millionrounds.com/company/shipsta)** Venture · LU **$9.9M** With 1 other
- **Feb** **[EntityMed](https://millionrounds.com/company/entitymed)** Seed **$2.0M** Sole investor
- **Jan** **[Wellster Healthtech Group](https://millionrounds.com/company/wellster-healthtech-group)** Series B · DE **$20M** With 2 others
- **Jan** **[Elma](https://millionrounds.com/company/elma)** Venture · ES **$3.4M** With 1 other
- **2021** 5 rounds
- **Dec** **[Mowico](https://millionrounds.com/company/mowico)** Seed · GB **$1.6M** Sole investor
- **Dec** **[receeve GmbH](https://millionrounds.com/company/receeve-gmbh)** Seed · DE **$4.5M** With 2 others
- **Nov** **[Collato](https://millionrounds.com/company/collato)** Seed · DE **$4.7M** With 1 other
- **Nov** **[Beams Safety Intelligence](https://millionrounds.com/company/beams-safety-intelligence)** Seed · DE **$3.0M** With 2 others
- **Jul** **[Lightico](https://millionrounds.com/company/lightico)** Series B · US **$15M** Sole investor
- **2020** 1 round
- **Jun** **[Sybel](https://millionrounds.com/company/sybel)** Pre-seed **$120K** With 1 other
- **2019** 9 rounds
- **Dec** **[WalkMe](https://millionrounds.com/company/walkme)** Growth · US · FinSMEs **$90M** With 4 others
- **Nov** **[HumansApp](https://millionrounds.com/company/humansapp)** Pre-seed **$2.2M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **6 named**

AB **Alexandra Bud** Chief Compliance Officer i Form ADV

GL **Gerard Lopez** Managing Partner/Shareholder i Form ADV

HS **Hans-Jurgen Schmitz** Managing Partner Shareholder i Form ADV

MA **Marina Alanon Martinez** Chief Financial Officer i Form ADV

MT **Mark Tluszcz** Managing Partner/Shareholder i Form ADV

MR **Michael Rabinowicz** Chief Legal Officer i Form ADV

We also hold **16** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$666M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Mangrove Capital Partners S.a.
- **SEC number:** CRD 163225

## Exits from the portfolio

Companies it backed that were later bought or listed **11 in all**

**[Rdio](https://millionrounds.com/company/rdio)** Bought by Pandora Media **$75M** Nov 2015

**[ezeep](https://millionrounds.com/company/ezeep)** Bought by ThinPrint Cloud Services Inc. **Undisclosed** Jul 2015

**[Nimbuzz](https://millionrounds.com/company/nimbuzz)** Bought by New Call Telecom **$175M** Oct 2014

**[Drimmi](https://millionrounds.com/company/drimmi)** Bought by WebGames **Undisclosed** Dec 2012

**[WooMe](https://millionrounds.com/company/woome)** Bought by Zoosk **Undisclosed** Nov 2011

**[DailyDeal](https://millionrounds.com/company/dailydeal)** Bought by [Google](https://millionrounds.com/fund/google-assistant-investments) **$114M** Sept 2011

**[Skype](https://millionrounds.com/company/skype)** Bought by [Microsoft](https://millionrounds.com/fund/microsoft) **$8.5B** May 2011

**[Cellity](https://millionrounds.com/company/cellity)** Bought by [Nokia](https://millionrounds.com/fund/nokia) **Undisclosed** Jul 2009

**[Jaxtr](https://millionrounds.com/company/jaxtr)** Bought by Sabse Technologies **Undisclosed** Jun 2009

**[Piczo](https://millionrounds.com/company/piczo)** Bought by Stardoll **Undisclosed** Mar 2009

**[Skype](https://millionrounds.com/company/skype)** Bought by [eBay](https://millionrounds.com/fund/ebay) **$2.6B** Sept 2005

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Pre-seed Seed Series A

Median round joined **$6.3M** the round, not its cheque Alone, median **$3.5M**

Led 3 of 135 rounds **2%**

- **Said size:** $100K – $5.0M
- **Sole investor:** 34 rounds
- **Last cheque:** Aug 2026
- **Exits:** 11 from the portfolio

Rounds by stage said on their site

- Series A said *45*
- Venture *22*
- Series B said *19*
- Seed said *18*
- Series C *10*
- Pre-seed said *-*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [ABRT Venture Fund](https://millionrounds.com/fund/abrt-venture-fund) 11
- [Index Ventures](https://millionrounds.com/fund/index-ventures) 7
- [Accel](https://millionrounds.com/fund/accel) 6
- [Atomico](https://millionrounds.com/fund/atomico) 5
- [Northzone](https://millionrounds.com/fund/northzone) 5
- [DCM Ventures](https://millionrounds.com/fund/dcm-ventures) 4

**Pitching Mangrove Capital Partners?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Mangrove Capital Partners. A count of rooms they were both in, not a relationship either has claimed.

[**ABRT Venture Fund** VC firm **11** rounds together](https://millionrounds.com/fund/abrt-venture-fund)[**Index Ventures** VC firm **7** rounds together](https://millionrounds.com/fund/index-ventures)[**Accel** VC firm **6** rounds together](https://millionrounds.com/fund/accel)[**Atomico** VC firm **5** rounds together](https://millionrounds.com/fund/atomico)[**Northzone** VC firm **5** rounds together](https://millionrounds.com/fund/northzone)[**DCM Ventures** Private equity **4** rounds together](https://millionrounds.com/fund/dcm-ventures)[**Highland Europe** VC firm **4** rounds together](https://millionrounds.com/fund/highland-europe)[**Target Global** VC firm **4** rounds together](https://millionrounds.com/fund/target-global)[**Ventech** VC firm **4** rounds together](https://millionrounds.com/fund/ventech)[**Adinvest AG** Growth equity **3** rounds together](https://millionrounds.com/fund/adinvest-ag)[**Atlas Venture** VC firm **3** rounds together](https://millionrounds.com/fund/atlas-venture)[**Bessemer Venture Partners** VC firm **3** rounds together](https://millionrounds.com/fund/bessemer-venture-partners)

## Recently backed

The latest companies Mangrove Capital Partners put money into.

[**Edgify** $9.0M · Aug 2026](https://millionrounds.com/company/edgify)[**Badi** $5.4M · Jul 2026](https://millionrounds.com/company/badi)[**Wellster Healthtech Group** $12M · Mar 2026](https://millionrounds.com/company/wellster-healthtech-group)[**Titan OS** $58M · Dec 2025](https://millionrounds.com/company/titan-os)[**King Energy** Dec 2025](https://millionrounds.com/company/king-energy)[**Sifflet** $18M · Jun 2025](https://millionrounds.com/company/sifflet)

## Quick answers about Mangrove Capital Partners

### What does Mangrove Capital Partners invest in?

Mangrove Capital Partners invests most often at Series A and Venture (59% of the rounds on record), in sectors such as E-Commerce, Electronics and Internet.

### How active is Mangrove Capital Partners?

135 investments on record, 6 of them in the last 12 months, and it led 3. The most recent was in Aug 2026.

### What has Mangrove Capital Partners invested in recently?

Its most recent investments on record: Edgify (Series A, Aug 2026), Badi (Growth, Jul 2026) and Wellster Healthtech Group (Debt, Mar 2026).

### How big are Mangrove Capital Partners's cheques?

The median round it joins is $6.3M. It says it writes cheques of $100K to $5.0M.

### Does Mangrove Capital Partners lead rounds?

Sometimes: it led 3 of its 135 investments on record (2%).

### Where does Mangrove Capital Partners invest?

Most of the companies it backs are in Spain (23%), the United States (23%) and the United Kingdom (17%).

### Is Mangrove Capital Partners investing now?

Yes: it is actively investing, with 6 investments in the last 12 months.

### Who does Mangrove Capital Partners invest alongside?

Most often ABRT Venture Fund (11 rounds together), Index Ventures (7 rounds together) and Accel (6 rounds together).

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