
Mantle Network
Description
Mantle Network, while primarily known as a high-performance Layer 2 blockchain scaling solution, actively fosters its ecosystem through strategic funding initiatives. The cornerstone of its investment activity is the Mantle EcoFund, a substantial $200 million fund launched to accelerate the growth and adoption of projects building on the Mantle blockchain. This fund is managed in collaboration with Mirana Ventures, a venture partner of Bybit and BitDAO, providing a blend of technical and financial expertise.
The Mantle EcoFund's investment thesis is centered on supporting early-stage projects that can leverage Mantle's modular architecture and contribute to its decentralized future. Their focus spans a wide array of Web3 sectors, including Decentralized Finance (DeFi), GameFi, SocialFi, infrastructure tools, and other innovative dApps. The fund aims to provide not just capital but also strategic guidance, technical support, and access to Mantle's growing community and resources, thereby creating a robust and interconnected ecosystem.
Beyond the EcoFund, Mantle also operates a Grants Program, which typically provides smaller, milestone-based funding to developers and teams for specific contributions to the network. However, the EcoFund represents their primary vehicle for more substantial, venture-style investments. These investments are designed to attract top-tier talent and innovative solutions, ensuring Mantle's competitive edge and long-term viability in the rapidly evolving blockchain landscape. The typical first cheque from the Mantle EcoFund can range significantly, reflecting the diverse needs and stages of projects they support.
Investor Profile
Mantle Network has backed more than 20 startups, with 6 new investments in the last 12 months alone. The firm has led 1 rounds, about 5% of its total and boasts 0 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
- Majority of deals are located in United States, Singapore, Australia.
- Strong thematic focus on Blockchain, Cryptocurrency, Information Technology.
- Led 1 rounds in the past year.
- Typical check size: $100K – $5M.
Stage Focus
- Seed (65%)
- Series A (20%)
- Series Unknown (10%)
- Pre Seed (5%)
Country Focus
- United States (45%)
- Singapore (10%)
- Australia (5%)
- France (5%)
- Cayman Islands (5%)
- United Kingdom (5%)
- Hong Kong (5%)
Industry Focus
- Blockchain
- Cryptocurrency
- Information Technology
- Decentralized Finance (Defi)
- Bitcoin
- Web3
- Gaming
- Internet
- Online Games
- Financial Services
Frequently Asked Questions
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