Mangrove Capital Partners

  • Mangrove Smells Opportunity in Small Businesses, Backs SohoOS with $1.75M

    It looks like Mangrove Capital Partners believes in the business opportunity held in helping small businesses, do more, well, business. The Luxembourg-based venture capital firm has invested $1.75M in SohoOS to further propel the company’s small business management suite. Michael Jackson, previously COO of Skype, will take a board seat. The concept behind SohoOS’s offering is to… Read More

  • Mangrove backs Russian beauty coupon site Beaucoup.ru

    VC firm Mangrove Capital Partners has invested in Beaucoup.ru, a group purchasing site for all things health and beauty. The word comes from Yakov on the Quintura blog (Mangrove has also backed Quintura). According to Yakov, the deal size is approximately $1 million, and Direct Group and Global Buying Group reportedly also chipped in. Read More

  • MusicMatic buys Mangrove's share in Jamendo, intends to raise more funding

    Back in January, TechCrunch Europe broke the news that Luxembourg-based digital music startup Jamendo was running out of money fast and looking for an exit. Three months later, the company is announcing that European music broadcasting and technology company MusicMatic has purchased the entire stake investor Mangrove Capital Partners held in the startup. It’s unclear exactly how big… Read More

  • MusicMatic Throws Digital Music Startup Jamendo A Lifeline

    Back in January, TechCrunch Europe broke the news that Luxembourg-based digital music startup Jamendo was running out of money fast and looking for an exit. Three months later, the company is announcing that European music broadcasting and technology company MusicMatic has purchased the entire stake investor Mangrove Capital Partners held in the startup. It’s unclear exactly how big… Read More

  • Daily Deal secures €7m to fight German rival City Deal

    [Germany] While the Groupon-clone fall out has already begun in the UK, it’s looking more and more like a two horse race in Germany based on funding alone. Berlin-based Daily Deal, whose main rival is the Samwer brothers’ City Deal, has secured a further 7 million euros, this time from Mangrove Capital Partners and Adinvest. Stefan Glänzer (an early investor in Last.fm), Michael… Read More

  • Stealth social game developer Drimmi raises funding from Mangrove, ABRT

    Currently still in stealth mode, Moscow-based Drimmi aims to become the number one social game developer and publisher in the Russian Federation. And Mangrove Capital Partners and ABRT Venture Fund are betting money on them succeeding at it, investing “millions” into the startup. Currently with a team of 20 people, Drimmi aims to use the extra capital to expand the resources spent… Read More

  • Russian online shopping club KupiVIP.ru scores $20 million in funding

    Private online shopping clubs are springing up like mushrooms all around the world in light of the successes companies like Vente Privée has been seeing, and venture capital firms are increasingly starting to invest in companies who are bringing the concept to specific niches or introducing the private online sales model to interesting geographical markets. In the latter category falls… Read More

  • Digital music startup Jamendo runs out of steam, mulls sale

    Jamendo, a community of free, legal music published with Creative Commons licenses, is actively looking to sell to or merge with another company, TechCrunch Europe has learned. Jamendo CEO Laurent Kratz has confirmed rumors that had made their way to Twitter earlier this week. The reason is fairly simple: Jamendo is running out of money after failing to raise a follow-up round of venture capital. Read More

  • Jamendo Runs Out Of Cash, Looks For An Exit

    Jamendo, a community of free, legal music published with Creative Commons licenses, is actively looking to sell to or merge with another company, TechCrunch Europe has learned. Jamendo CEO Laurent Kratz has confirmed rumors that had made their way to Twitter earlier this week. The reason is fairly simple: Jamendo is running out of money after failing to raise a follow-up round of venture capital. Read More

  • Co-founder of Mangrove Capital buys 75% stake in Renault F1 Team, saves it

    YouTube co-founder Chad Hurley is not the only familiar name in tech with a financial interest in Formula One. Yakov over at Quintura lets us know that Genii Capital, a Luxembourg-based investment firm run by Eric Lux (CEO) and Gerard Lopez (Chairman), has acquired a majority stake in Renault F1 Team – 75% according to BBC Sports. Read More

  • Jolicloud Raises $4.2M From Atomico, Mangrove; Zennström Takes Board Seat

    On the very same day that a certain search and Internet advertising giant based in Mountain View, California has made public its plans to soon bring to market an open-source operating system that it hopes will give Microsoft a run for its money when it comes to powering the netbooks of this world, a lone startup from Paris, France has raised millions in financing to do exactly the same thing. Read More