How Much Did Mantle Raise? Funding & Key Investors

Mantle has successfully navigated three funding rounds, with Venrex and Bust among its 13 investors.

Keep reading to explore the intricacies of Mantle's fundraising journey and the investors backing this innovative platform.

What Is Mantle?

Mantle is a private company based in Rotterdam, Zuid-Holland, The Netherlands, specializing in the manufacture and sale of CBD-oil products. The company operates within the cosmetics, personal care and hygiene, and personal health industries.

With an employee count ranging from 11 to 50, Mantle has established itself as a notable player in its field. The company has successfully raised funding through multiple rounds, with the latest being a Venture - Series Unknown round.

How Much Funding Has Mantle Raised?

1. Series Unknown
   • Amount Raised: $3,000,000
   • Date: February 2024
   • Lead Investors: Venrex
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand Mantle's presence in Europe and the UK, and to launch in the US, Germany, and the Netherlands. Additionally, to accelerate research and product development at their Swedish lab.
2. Seed Round
   • Amount Raised: $1,400,000
   • Date: April 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support the initial growth and development of Mantle's product line and market presence.
3. 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 launch Mantle's initial product offerings and establish a market presence.

Total Amount Raised: $4,800,000. Current Valuation: Not publicly disclosed.

Key Investors

• Venrex
  • Details: Venrex is a London-based venture capital firm known for backing exceptional founders who meet the needs of modern consumers in innovative and tech-forward ways.
  • Investment Focus Areas: Consumer technology, healthcare, retail
  • Notable Investments: Mantle, Revolut, Charlotte Tilbury
• Bust
  • Details: Bust is a venture capital firm that has invested in Mantle, contributing to its growth and expansion in the CBD-oil product market.
  • 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. With a strong presence already established in Europe and the UK, the company is well-positioned to leverage its innovative skincare products to capture a larger market share.

Future fundraising opportunities appear promising, given the recent successful funding rounds and the involvement of reputable investors like Venrex. This financial backing will likely support further international expansion and product development, ensuring Mantle remains competitive in the rapidly evolving skincare industry.

However, Mantle may face challenges such as intense competition in new markets and the need to maintain product quality while scaling operations. Navigating regulatory requirements in different countries will also be crucial for their continued success.

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