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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.
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