Created in 2021 by French researchers, the protocol is designed to improve the allocation of liquidity in decentralised finance.

Your 3 free articles this month are up

The research your peers are already using

The Big Whale gives financial institutions the market intelligence, network, and platform to move with confidence in digital assets. Trusted by 150+ firms.

Who knows Mangrove? Not many. But in the world of "Defi" (decentralised finance), the protocol of French origin is clearly one of the rising stars.

The project has just raised $7.4 million in Series A from several large investors, including the American Cumberland and the German Greenfield Capital, which has invested in Nym and Immortal Game, among others. Mangrove had already raised $2.7 million in 2021 from the UK's Wintermute Ventures, France's Stake Capital and others.

The valuation of Mangrove is still confidential.

Raphaël Bloch

Raphaël Bloch is co-founder and CEO of The Big Whale, a news platform focused on cryptocurrencies. A former journalist at Reuters, Les Echos, and L’Express, he is a graduate of emlyon and the CFJ.

Voir tous les articles ↗
Format
News
Share this article
Weekly Briefing
Every Friday, cut through the noise with independent analysis on curated news delivered straight to your inbox.
Read by 30,000 professionals
Latest Report
The major shift of banks towards digital assets and blockchain
Download Report

Sind Sie bereit, Ihre Strategie für digitale Vermögenswerte zu beschleunigen?

Kontaktiere uns →