Total amount raised
$4.8 Millions
Latest funding date
02/01/2024
Location
Mantle has successfully raised €2,800,000 in a Series Unknown funding round, with the backing of investors such as Bust and Venrex Investment Management. The company, known for its Scandinavian skincare products, continues to innovate in the clean and clinical skincare market.
Keep reading to explore the intricacies of Mantle's fundraising journey and the investors supporting this innovative brand.
What Is Mantle?
Mantle, founded in 2019 by Josefin Landgård and Stina Lönnkvist, is a company based in Rotterdam, Zuid-Holland, The Netherlands. The company operates in the cosmetics, personal care, and hygiene industries, focusing on CBD-oil products.
With an employee count of 11-50, Mantle combines Swedish values with Swiss science to offer high-quality self-care solutions. Their products are designed to help individuals manage the demands of modern life through simple yet powerful skincare innovations.
How Much Funding Has Mantle Raised?
- Funding Round: Seed Round
- Amount Raised: $400,000
- Date: February 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and develop initial product lines.
- Funding Round: Seed Round
- Amount Raised: SEK 12,000,000
- Date: April 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and enhance market presence in Europe.
- Funding Round: Venture Round
- Amount Raised: €2,800,000
- Date: February 2024
- Lead Investors: Venrex
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence in Europe and the US, and to support research and product development.
Total Amount Raised: $3,600,000
Current Valuation: Not publicly disclosed
Key Investors
- Venrex Investment Management
- Details: Venrex is a London-based venture capital firm that invests in early-stage companies. They have a strong focus on backing exceptional founders who meet the needs of modern consumers in innovative and tech-forward ways.
- Investment Focus Areas: Early-stage investments, consumer needs, tech-forward solutions.
- Notable Investments: Not publicly disclosed.
- Bust
- Details: Limited information is available about Bust, but it is likely another investment firm. Their involvement with Mantle indicates a focus on innovative and growing companies.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
What's Next for Mantle?
Mantle is poised for significant growth as it expands into new markets like the US, Germany, and the Netherlands. This expansion, coupled with a strengthened presence in the UK and Europe, offers substantial opportunities for the company. The recent funding will also accelerate research and product development, ensuring Mantle remains at the forefront of skincare innovation.
Given the company's rapid growth and ambitious plans, future fundraising rounds are likely to support further expansion and product development. However, Mantle will face challenges such as navigating competitive markets and maintaining product quality while scaling operations. Overcoming these hurdles will be crucial for sustaining their growth trajectory.
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