Mantle
Mantle is a Montreal-based private SaaS company that provides enterprise data backup resilience and large dataset archival solutions, positioned around blockchain-mediated transparency and compliance.
- Company typePrivate
- Founded2017
- HeadquartersMontréal, Canada
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Mantle does
Mantle Technology is a privately-held software-as-a-service company headquartered at 506 McGill St., Suite #500, Montreal, Quebec (H2Y 2H6), that provides enterprise data backup and large-dataset archival solutions. Its website markets two solution categories — Backup Data Resilience and Large Dataset Archival — alongside a self-service developer portal at develop.app.mantle.technology. The firm's domain (mantleblockchain.com) and firmographic description ("blockchain development SaaS products that allow enterprises to operate in full-transparency, compliance, and security") suggest the product architecture incorporates blockchain-style immutability or auditability as a core technical differentiator for regulated enterprise workloads, though the input does not specify the underlying protocol, consensus mechanism, or data structure.
The company is founder-led: Pascal Leblanc serves as both CEO and CTO, with Kerem Kolcuoglu as CMO, and the firm operates with a small team of 11-50 employees. Disclosed capital is limited to roughly $1.0 million of seed funding from Paradigm Capital in January 2018 and participation in the Cleantech Open and Creative Destruction Lab (CDL) accelerator cohorts in June 2020. Public materials include a pricing page, a careers link, a Quickstart and documentation page at developer.mantleblockchain.com, and social profiles (YouTube, LinkedIn, GitHub) under the mantle-labs / Mantle Technology brand.
No customers, contracts, revenue figures, or partnership activity attributable specifically to Mantle Technology are disclosed in the available data. A significant volume of the aggregated input describes an unrelated entity, Mantle Network — an Ethereum Layer 2 ecosystem with Bybit and Aave integrations, a treasury peaked above $7.9 billion, and tokenized equities, xStocks, AI agent commerce, and DeFi United recovery participation — whose leadership, funder profile, and operational footprint do not match Mantle Technology's Montreal-based SaaS. The investment analysis is therefore constructed strictly from the first-party SaaS evidence; any metrics tied to the L2 ecosystem have been excluded from company-level inferences.
Mantle firmographics
Firmographics- Name
- Mantle
- Legal name
- Mantle Technology
- Website
- https://mantleblockchain.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Mantle is a Montreal-based private SaaS company that provides enterprise data backup resilience and large dataset archival solutions, positioned around blockchain-mediated transparency and compliance.
- Ownership category
- akta.pro rank
Mantle industry classification
Industry- Product category
- Data Backup and Archival Storage
- NAICS
- Libraries and Archives (51921), Facilities Support Services (561210)
- SIC
- Services-Computer Processing & Data Preparation (7374), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Backup & Restore Platforms (Cloud Backup) (HDABAIAB)
- akta.pro secondary industries
- Hybrid Cloud Storage & Backup Infrastructure (HDABAMAG), Data Replication & Continuous Data Protection (CDP) Services (BPAEALAH), Data Protection & Backup Appliances (Backup Targets, Dedup Appliances) (HDACACAI), Replication & Data Protection (CDP, Snapshots, Sync) (HDABAIAG)
Keywords
Where Mantle is headquartered
LocationHeadquarters
- HQ city
- Montréal
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Mantle business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Infrastructure, Technology or R&D, Personnel, Marketing or Sales, Operations
Revenue model
- Network Transaction Fees: Mantle generates revenue through transaction fees on its Layer 2 network, capturing value from on-chain activity including DeFi transactions, RWA trading, and cross-chain settlements.
- MNT Token Utility: The MNT token serves as the native token of the Mantle ecosystem, with coordinated incentive programs (8 million $MNT) driving adoption and token demand for DeFi markets.
- Mantle Vault Yield Products: Stablecoin yield product deployed across DeFi protocols generating returns through Ethena staking and leveraged stablecoin staking, targeting 5-10% APR in bear markets and 10-25% in bull markets.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Mantle Vault stablecoin yield product with zero subscription fees |
| Other | Multi-year contract | Ecosystem incentives for DeFi liquidity |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels5 records
Mantle product offering
Product offeringCore offering
Mantle provides data storage and archival services focused on backup data resilience and large dataset archival for enterprise customers. The platform offers developer tools, API access, and integration capabilities to support secure, long-term data storage. Mantle enables organizations to store and protect large volumes of data through its resilient infrastructure.
Product overview
Mantle is an Ethereum Layer 2 network that has evolved into a full-stack on-chain financial ecosystem, positioning itself as a real-world asset (RWA) distribution layer. The product portfolio centers on Mantle Network as the core infrastructure, supported by xStocks for tokenized equities trading via Fluxion DEX, Mantle Vault for stablecoin yield generation, and Mantle Super Portal for cross-chain access including Solana. The CeDeFi Framework integrates Aave V3 decentralized liquidity markets with Bybit's centralized exchange infrastructure. AI capabilities include AI Agent Commerce Infrastructure using ERC-8183 standard via Virtuals Protocol partnership, and AI Quant Strategies powered by Almanak. The ecosystem achieved treasury peaks above $7.9 billion and TVL surpassing $2.2 billion in 2025.
Differentiator
Problem solved
Functional benefit
Brands
- xStocks: Tokenized equities product enabling 24/7 trading of tokenized versions of major public equities including Tesla, Nvidia, Apple, Meta, Alphabet, MicroStrategy, Robinhood, S&P 500 ETF, and Nasdaq-100 ETF.
- Fluxion
- Mantle Vault
- Mantle Super Portal
- Turing Test Hackathon
Products and services
- Backup Data Resilience Enterprise-focused data backup and resilience service that protects organizational data against loss and corruption, supporting secure, durable storage and recovery.
- Large Dataset Archival Long-term archival storage service designed for large datasets, enabling enterprises to retain and access high-volume data over extended periods.
- Developer Portal and API Self-serve developer platform providing API access, quickstart guides, and documentation that allows engineering teams to integrate Mantle's data resilience and archival capabilities into their own applications.
Quantifiable outcome
- Treasury peaked above $7.9 billion with TVL surpassing $2.2 billion and stablecoin supply exceeding $750 million
- +3 more outcomes
Companies that use Mantle
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles1 record
Mantle technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration15 records
AI capability2 records
Feature9 records
Mantle partnerships and signals
Strategic signalPartnerships
25 partnerships are on record, tiered core, supporting and flagship.
- KelpDAOcoreMantle contributed 2,000 ETH from its treasury to DeFi United recovery plan for rsETH restoration following the April 18 KelpDAO bridge exploit. The partnership demonstrates Mantle's commitment to ecosystem stability and coordinated DeFi recovery efforts.
- Lido FinancecoreLido DAO pledged ETH contributions to DeFi United coalition alongside Mantle, Aave, EtherFi, and other protocols for rsETH recovery following April 18 exploit.
- EtherFicoreEtherFi Foundation pledged ETH contributions to DeFi United recovery coalition alongside Mantle, Aave, Lido, and other protocols.
- LayerZerocoreLayerZero powers Mantle's cross-chain bridge infrastructure and participated in DeFi United coalition for rsETH recovery following the LayerZero bridge exploit.
- ConsensyscoreConsensys pledged up to 30,000 ETH to DeFi United recovery effort alongside Mantle and other major protocols following KelpDAO exploit.
- ArbitrumsupportingArbitrum DAO pledged ETH contributions to DeFi United coalition for rsETH restoration, with governance approval required for fund release.
- Tencent CloudsupportingTencent Cloud serves as sponsor for Turing Test Hackathon 2026, contributing to $120,000 total prize pool for AI agent benchmarking competition on Mantle.
- ByrealsupportingByreal co-hosts Turing Test Hackathon 2026 and enables Solana-native DeFi liquidity access via Mantle Super Portal for cross-ecosystem infrastructure.
- Blockchain for Good Alliance (BGA)supportingBGA co-hosts Turing Test Hackathon 2026 and has partnered with Mantle for ecosystem development, with Mantle committing 5,000 MNT in technical support and funding for Token Tails incubation project.
- BackedFicorePartnership enabled xStocks tokenized equities integration, offering fully collateralized tracker certificates for major public equities (TSLA, NVDA, AAPL, META, GOOGL) compliant with Swiss DLT Act.
- FlowdeskcoreFlowdesk collaborated with Mantle and BackedFi for xStocks tokenized equities launch, providing exchange infrastructure for 24/7 on-chain trading of tokenized tracker certificates.
- Virtuals ProtocolcorePartnership enables AI agent commerce on Mantle's blockchain infrastructure. Mantle adopted ERC-8183 transaction standard for autonomous agent activity, with Virtuals serving as facilitation layer connecting AI agents to Mantle's RWA infrastructure and deep on-chain liquidity.
- Animoca BrandssupportingAnimoca Brands sponsors Turing Test Hackathon 2026, supporting Mantle's ecosystem expansion and AI agent development initiatives.
- BybitflagshipBybit serves as primary distribution partner for Mantle's institutional-grade DeFi liquidity hub, providing exchange infrastructure and integrated Earn products. The CeDeFi framework bridges centralized and decentralized ecosystems, with coordinated incentive programs including 8 million $MNT and 1.5 million $GHO.
- AaveflagshipAave V3 mainnet launch on Mantle creates institutional-grade DeFi liquidity hub. Mantle and Aave DAO allocated 8 million $MNT and 1.5 million $GHO through six-month coordinated liquidity incentive program. Partnership achieved $575M market size within two weeks - fastest liquidity ramp-up in Aave history.
- EverclearcoreEverclear's cross-chain asset settlement enables users to swap wETH from Ethereum, Arbitrum, Base, or Polygon directly into mETH on Mantle in under one minute. Mantle is Everclear's first launch partner for expanded cross-asset settlement initiative.
- CIANsupportingCIAN handles on-chain execution for Mantle Vault stablecoin yield product, deploying assets across Aave V3 on Ethereum and Mantle network to generate market-neutral returns.
- AlmanaksupportingStrategic partnership integrates AI-powered quantitative strategies on-chain. Almanak's strategy engine will deploy on Mantle Network with liquidity provided through new liquidity pool.
- Frax FinancesupportingFrax Finance participates in DeFi United coalition alongside Mantle for ecosystem recovery and stability efforts.
- Golem FoundationsupportingGolem Foundation pledged ETH contributions to DeFi United coalition for rsETH recovery alongside Mantle and other protocols.
- EthenasupportingEthena participates in DeFi United coalition and its USDe stablecoin is utilized in Mantle Vault yield product.
- Ink FoundationsupportingInk Foundation pledged ETH contributions to DeFi United coalition for rsETH restoration following April 18 exploit.
- TyrdosupportingTyrdo participated in DeFi United coalition contributing to rsETH recovery alongside Mantle and other protocols.
- CompoundsupportingCompound proposed contributing 1,900-3,000 ETH to DeFi United recovery coalition to recover 16,776 ETH from exploiter positions.
- CirclesupportingCircle's venture arm announced plans to purchase AAVE tokens to support Aave protocol and broader DeFi ecosystem following KelpDAO exploit.
Scale indicators10 records
Recent moves4 records
Expansion highlights3 records
Mantle competitors and assessment
Company assessmentDirect peers
- Commvault: Commvault offers a unified data protection and information management platform spanning backup, archival, and disaster recovery. Comparable to Mantle across both backup resilience and large dataset archival use cases.
- Cohesity: Cohesity provides hyperconverged secondary storage with integrated backup, archival, and data management — directly overlapping Mantle's combined backup + archival product thesis.
- Rubrik: Rubrik provides cloud-native data management and backup with strong enterprise positioning around security, compliance, and ransomware recovery — directly overlapping Mantle's stated compliance and resilience value proposition.
- Veeam: Veeam is a leading provider of backup, recovery and data management solutions for virtual, physical and cloud workloads. It is the most direct competitor to Mantle in the enterprise data backup and resilience category.
- Acronis: Acronis combines backup, disaster recovery, and cybersecurity in a single platform, with notable blockchain-based data certification features. Closely comparable to Mantle on both backup functionality and blockchain-anchored integrity.
- Backblaze: Backblaze provides cloud storage and B2-oriented backup and archival services at consumer-grade pricing. Comparable to Mantle on the large-dataset archival and cloud backup cost-efficiency axis.
- Druva: Druva delivers a fully SaaS-based data protection and backup platform with archival and compliance features. Closely comparable to Mantle's cloud-backup positioning for enterprise customers.
Emerging players
- Arweave: Arweave is a decentralized, blockchain-anchored permanent storage network targeting long-term archival use cases. Closely comparable to Mantle on the 'blockchain for archival integrity' positioning and a likely reference point for the technical thesis.
- Filecoin: Filecoin is a decentralized storage marketplace built on blockchain. Relevant peer to Mantle where blockchain-anchored integrity and large-dataset archival are the differentiated value proposition.
Broad incumbents
- AWS Backup: AWS Backup is a centralized native backup service across AWS services, deeply embedded in customer cloud spend. Represents the dominant incumbent that Mantle must differentiate against in cloud-native backup scenarios.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Mantle social profiles
Digital presenceMantle financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mantle leadership team
Management profileNumber of profiles
Profiles2 records
Mantle funding detail
Funding detailFunding overview
Funding rounds2 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mantle M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mantle
What does Mantle do?
Mantle provides data storage and archival services focused on backup data resilience and large dataset archival for enterprise customers. The platform offers developer tools, API access, and integration capabilities to support secure, long-term data storage. Mantle enables organizations to store and protect large volumes of data through its resilient infrastructure.
Is Mantle a public or private company?
Mantle is a private company. It is classified as venture growth investor backed and is currently operating.
When was Mantle founded?
Mantle was founded in 2017. It employs 11 to 50 people.
Where is Mantle based?
Mantle is headquartered in Montréal, Canada, in the North America region.
How does Mantle make money?
Three revenue lines are on record. Network Transaction Fees are the primary driver. The others are MNT Token Utility and mantle Vault Yield Products.
Who are Mantle's main competitors?
Direct peers on record are Commvault, Cohesity, Rubrik, Veeam, Acronis, Backblaze and Druva. Emerging players are Arweave and Filecoin. AWS Backup is listed as a broad incumbent.
Does Mantle have an API?
Yes. Mantle provides developer documentation and API access for building on its Ethereum Layer 2 network. Developers can access quickstart guides, documentation, and a developer portal at https://developer.mantleblockchain.com/docs/getting-started. The platform supports building DeFi applications, RWA tokenization, and AI agent commerce infrastructure. Developer documentation is at developer.mantleblockchain.com/docs/getting-started.
What industry is Mantle in?
Mantle's product category is Data Backup and Archival Storage. Its primary akta.pro industry code is HDABAIAB, Backup & Restore Platforms (Cloud Backup), with a secondary code of HDABAMAG, Hybrid Cloud Storage & Backup Infrastructure. Its NAICS code is 51921 and its SIC code is 7374.