Mangrove Capital Partners

What Mangrove Capital Partners does

Mangrove Capital Partners is a Luxembourg-headquartered venture capital firm founded in 2000 that invests in early-stage technology companies, deploying capital roughly evenly between Europe and Israel. The firm operates across six offices in Luxembourg, Tel Aviv, Berlin, Paris, Barcelona, and London, and has raised six consecutive funds, currently investing through Mangrove VII. Its portfolio includes eight unicorns, most notably Skype and Wix, alongside Flo Health, WalkMe, K Health, and newer bets such as Titan OS, Sifflet, and Project B. Dealroom ranks the firm 8th among EMEA seed investors.

The firm's core product is pooled venture capital funds sold to institutional and high-net-worth LPs, with returns generated through capital appreciation in portfolio companies and exits via IPO or acquisition. Recent deployment includes a €50M Series A in Titan OS (December 2025), an $18M round in Sifflet (June 2025), a $50M round in K Health (July 2024), and a seed investment in Project B (October 2025). Co-founder Mark Tluszcz leads the firm as CEO and Managing Partner alongside Managing Partner Hans Schmitz and Principal Nikolas Krawinkel.

Beyond direct investing, Mangrove operates the Mangrove Foundation, the Mangrove Fellows program, a partnership with Included VC, and the #EasyVC initiative, which collectively function as ecosystem- and talent-development platforms that reinforce deal origination and brand presence across the European and Israeli startup communities.

Name

Mangrove Capital Partners

Legal name

Mangrove Capital Partners S.A.

Website

https://mangrove.vc

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

Mangrove Capital Partners is a Luxembourg-based venture capital firm investing in early-stage technology startups across Europe and Israel, currently deploying its seventh fund and holding a portfolio that includes eight unicorns such as Skype and Wix.

Ownership category

akta.pro rank

Product category

Venture Capital Management

NAICS

Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

Keywords

• Venture capital investing
• Early-stage technology funding
• Seed-stage equity capital
• Growth-stage venture financing
• Tech startup investment

Headquarters

HQ city

Luxembourg

HQ country

Luxembourg

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Venture Capital Fund Management: Mangrove Capital Partners generates returns through equity ownership in early-stage technology companies. The firm manages multiple funds (at least 6 funds, currently on Mangrove VII) and earns returns through capital appreciation and exits from portfolio companies including 8 unicorns: Skype, Wix, Flo Health, WalkMe, K Health, TBOL, and Project B. Revenue is generated as a percentage of fund profits (carry) and management fees.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Core offering

Mangrove Capital Partners is a venture capital firm that raises and deploys capital through its venture funds (currently on its seventh fund, Mangrove VII) into early-stage technology companies in Europe and Israel. The firm takes equity positions in transformative tech companies across digital health, EdTech, voice tech, silver tech, and AI, typically partnering with entrepreneurs prior to product launch, and provides post-investment governance, operational guidance, and follow-on capital. Returns are generated through capital appreciation and exits from portfolio companies, distributed across management fees and carried interest to limited partners.

Product overview

Mangrove Capital Partners is a venture capital firm offering investment services to early-stage tech entrepreneurs. The firm provides capital deployment, portfolio support, and ecosystem initiatives including the Mangrove Fellows internship program and partnership with Included VC for diversity in VC. The Mangrove Foundation handles philanthropic initiatives focused on women's empowerment and environmental causes. The firm's investment focus spans Europe and Israel across sectors including digital health, EdTech, voice technology, silver tech, and AI.

Differentiator

Problem solved

Functional benefit

Products and services

• Mangrove Capital Partners Venture Funds (currently Mangrove VII) A series of early-stage venture capital funds (currently on Mangrove VII) that provide equity capital, governance support, and operational guidance to transformative technology companies in Europe and Israel, typically partnering with entrepreneurs prior to product launch. Target LPs are institutional investors such as endowments, family offices, sovereign wealth funds, and pension funds.

Quantifiable outcome

• 8 unicorn investments from 6 funds, creating over 5,000 millionaires across portfolio companies.
• +1 more outcomes

Named customers6 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Included VCcoreStrategic or Co-development Partner · 1 January 2020Mangrove Capital Partners is a proud supporter of the Included VC fellowship program, a 12-month initiative providing 40 individuals from diverse backgrounds with skills and access into venture capital. The program includes masterclasses, career workshops, retreats, investment committee simulations, and mentoring sessions. Mangrove partners participate as instructors and mentors.
• HEC ParisminorStrategic or Co-development Partner · 1 January 2020Mangrove works with HEC Paris as an academic partner for the Mangrove Fellows program, a 6-month internship selecting university students to work with the investment team in Luxembourg and Berlin offices.
• Mangrove FoundationcoreOthersThe Mangrove Foundation is an initiative of Mangrove Capital Partners focused on women's empowerment and environmental protection. The Foundation supports tangible projects on the ground through partnerships with NGOs, focusing on climate mitigation in India and Nepal, sustainable coffee growing in Laos, and economic empowerment for women.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Earlybird Venture Capital: European early-stage venture capital firm with a comparable focus on technology-enabled businesses, multi-fund structure, and similar contrarian investment approach across the European tech ecosystem.
• Atomico: London-based early-to-growth stage venture capital firm founded by Skype co-founder Niklas Zennström, investing across Europe with comparable sector-agnostic tech mandate and similar unicorn-formation ambitions to Mangrove.
• Index Ventures: Leading European-headquartered venture capital firm with comparable early-stage focus, multi-stage fund structure, and a strong track record of category-defining tech investments across Europe and Israel.
• Balderton Capital: London-based early-stage venture capital firm focused on European technology startups, with comparable fund structure (multiple vintages) and similar sector breadth (SaaS, fintech, digital health) as Mangrove.
• Accel: Global venture capital firm with a strong early-stage European franchise and similar seed-to-growth investing model, providing comparable returns through equity ownership in transformative tech companies.
• Highland Europe: European technology-focused growth equity firm that has co-invested with Mangrove (notably leading Titan OS's €50M round in December 2025), making it a natural co-investor peer with overlapping European tech mandate.
• EQT Ventures: European venture capital arm of EQT that co-led Sifflet's $18M round with Mangrove, operating a comparable fund model across European early-stage technology investments.
• Northzone: Nordic-origin European venture capital firm with similar early-stage tech focus, multiple fund vintages, and a comparable pan-European geographic mandate covering seed through growth stages.
• Speedinvest: Vienna-based European early-stage venture capital firm with comparable sector breadth and seed-stage orientation, frequently co-investing alongside other leading European seed funds.
• Cherry Ventures: Berlin-based early-stage venture capital firm with a comparable European tech mandate, contrarian founder-first orientation, and focus on pre-product and seed-stage investments similar to Mangrove's approach.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/mangrovevc
• Facebookfacebook.com/107601579270236
• LinkedInlinkedin.com/company/mangrove-capital-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments183 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mangrove Capital Partners