Mango Startups ICO (MNG)

First ICO backed by a VC Fund in Latin America


Mango Startups is the first decentralized fund for Latin America. We are investing in a diversified portfolio of 24 tech startups from different countries. We offer transparency and compliance as well as a clear exit strategy for our investors. Our core mission is to democratize venture investments and become a bridge between crypto and fiat economies. We help venture funds, accelerators and startups to raise capital using crypto assets in order to scale their products.

Investment
3.2

by expert rating and reviews


3.5
ICO PROFILE
3.5
TEAM
3.1
VISION
2.8
PRODUCT
Ended
Token MNG
Platform Ethereum
Price 1 MNG = 0.1 USD
Country Singapore
ICO Start Date 21 Mar 2018
ICO End Date 21 Apr 2018

About Mango Startups

With the advance of blockchain technology, more and more people are migrating from the fiat-based financial system towards a blockchain-based financial system. Since January 2017, the cryptocurrency market cap has increased from 15B USD to 165B USD in October, an increase of over a 1,000%. However, existing cryptocurrency infrastructure as a driver for decentralized venture capital, is still in its infancy.

Venture capital and the startup community are two of the biggest adopters and fervent supporters of this blockchain based technology revolution. Historically, venture capital has not been accessible to people outside VC community due to significant amount of capital required to enter VC deals, long term commitment and low liquidity of investments.

ICOs are democratizing this industry, by providing an opportunity to smaller investors to participate in early stage venture deals, with minimal entry capital requirements due to the high liquidity that describes crypto assets. At the same time, ICOs act as an additional fundraising vehicle for early stage startups to raise capital from a larger pool of investors, attract early followers and create communities that fund and support the project.

We are excited to introduce the opportunity for eligible parties to participate in the growth of Latin America’s startups ecosystem. The tokens will be distributed through an open source cloud storage protocol of blockchain, that allows users to transfer and share data in a decentralized manner.

In short, when you invest in Mango Startups you are investing in a carefully selected pipeline of talented startups that graduated from multiple Latin American Accelerators. We have created a diversified portfolio composed by companies with proven business models and high growth potential. With your help we aim to drive capital to a traditionally less accessible economies, with vast growth potential, giving rise to a wealth of virtuous network effects for both our investors and the region at large.

Team

Marcelo Lebendiker member of Mango Startups ICO
Marcelo Lebendiker
President ofInvertUP Seed Capital Fund
Gabriel Chernacov member of Mango Startups ICO
Gabriel Chernacov
Vice President of InvertUP Seed Capital Fund
Juan Carlos Torrealba member of Mango Startups ICO
Juan Carlos Torrealba
CFO of InvertUP Seed Capital Fund
Ami Lebendiker member of Mango Startups ICO
Ami Lebendiker
Founding Partner of Mango Startups
Alejandro Chernacov member of Mango Startups ICO
Alejandro Chernacov
San Francisco HQ Manager at Mango Startups
Fernando Arriola member of Mango Startups ICO
Fernando Arriola
Financial Director Mango Startups
Joseph Berganza member of Mango Startups ICO
Joseph Berganza
Software Engineering Director at Mango Startups.
Elias Simos member of Mango Startups ICO
Elias Simos
London HQ Manager at Mango Startups
Mariana Solano member of Mango Startups ICO
Mariana Solano
Marketing and Innovation Manager at Mango Startups
Helena Franczak member of Mango Startups ICO
Helena Franczak
Community Manager at Mango Startups (Sydney, Australia)

Milestones

  • 1

    Oct 2014

    InvertUP Fund is formed

  • 2

    Oct 2015

    InvertUP to lead the LATAM Accelerators Network (RETEI)

  • 3

    Dec 2015

    Batch 1 Selected (3 Companies Portfolio)

  • 4

    Jun 2016

    InvertUP enlisted in National Stock Exchange

  • 5

    Nov 2016

    First Exit - M&A Kiboo/ADC Mobile - $6M

  • 6

    Jul 2017

    Alliance with Fintech Accelerator Aldesa

  • 7

    Nov 2017

    Batch 2 Selected (8 Companies Portfolio)

  • 8

    Mar 2018

    ICO - Crowdfunding Starts

  • 9

    2018

    - Batch 3 (16 companies)
    - First Net Profits Dsitribution
    - Up to 24 Companies in the Portfolio

Financial

Token Sale Info
Token MNG
Token Type ERC20
Platform Ethereum
Price in ICO 1 MNG = 0.1 USD
Tokens for Sale 30000000
Investment info
Accepting BTC, ETH, LTC, NEO
Distributed in ICO 75%
Hard cap 40,000,000 MNG

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