Mangrove Capital Partners funding has a long and quietly legendary track record in European venture: this is the Luxembourg firm that backed Skype and Wix when few others believed. Founded in 2000 by Mark Tluszcz and Hans-Jürgen Schmitz, Mangrove Capital Partners calls itself "a contrarian, bold and patient venture capital firm" helping entrepreneurs build global, disruptive tech companies. In June 2026 it announced Mangrove VII under managing partner Yannick Oswald.
Thesis & focus
The firm's sweet spot is early stage: "We chase transformational ideas around the world... and we regularly partner with entrepreneurs prior to product launch." Mark Tluszcz says the firm likes "to take big bets very early and support our best portfolio companies through multiple rounds of financing to build material stakes", preferring "unproven or unusual technologies rather than chase the latest fad". Yannick Oswald, who leads Mangrove VII, focuses on consumer apps, SaaS, marketplaces and emerging platforms. Note the geography: the firm's stated focus is Europe and Israel only — it has no India programme or office.
Sectors & stages
Mangrove invests from pre-seed through Series A as its core territory, regularly partnering with founders before product launch, and follows its winners into later rounds. It claims no sector exclusivity: software, internet, mobile, SaaS, e-commerce and marketplaces, fintech, healthtech, AI, blockchain and cleantech all appear across the portfolio.
Fund size & cheque size
The publicly stated fund size is Mangrove V at $170 million (about €148m), raised in 2017 in two months from roughly 20 pension funds and high-net-worth individuals, mostly returning investors. The size of Mangrove VII, announced in June 2026, has not been publicly disclosed. The firm does not publish a current AUM figure or a standard cheque-size range, so cheque size is also not publicly disclosed.
Mangrove Capital Partners funding: notable portfolio
The firm's site names unicorns including Skype — a $2M investment that returned $200M — Wix, Flo Health, WalkMe and K Health, and lists "current rising stars" Red Points, Adverity and Flo Health. It led Flo Health's 2018 Series A; the company later raised a $200M Series C at $1B+. The first investment under Mangrove VII was Anorak in July 2026, and CB Insights logged a $15M Series A in Noteworthy AI in August 2026. Dealroom ranked Mangrove 8th among seed investors in EMEA in its 2023 VC investor ranking.
Partners & team
The firm is led by co-founder and CEO Mark Tluszcz, co-founder and managing partner Hans-Jürgen Schmitz, and managing partner Yannick Oswald, who sits on the boards of Flo Health, Sifflet and Red Points. Former Israel partners Roy Saar and Itay Gil-Asulin left at the end of 2025 to launch their own fund, 40RTY, with Mangrove's support.
How to apply for funding
Mangrove publishes a direct route: its About page invites founders to "Please send business proposals to [email protected]." There is no online application form. A warm introduction is the higher-percentage route for a firm that prizes contrarian early bets — but the inbox is real. The firm runs no accelerator or fellowship; the Mangrove Foundation is philanthropic rather than a founder programme.
Why it matters for founders
Mangrove Capital Partners funding is for European and Israeli founders with genuinely unusual ideas at pre-seed to Series A: a patient, contrarian investor that partners before product launch and once turned a $2M Skype cheque into $200M. If you want a bold early believer rather than a fast follower, [email protected] is the door to knock on.