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Mexican Fintech Mango Raises $3M in Funding Round Led by Ironspring Ventures to Address Cash Flow Crisis in Construction.

Jul 15, 20255 months ago

Amount Raised

$3 Million

Round Type

seed

BarcelonaRetailFashionE Commerce

Investors

Jaime TabachnickCourtney Mc CoulganBbva SparkFirst Check VenturesIncisive VenturesBuildtech VenturesGreat North VenturesBrick & Mortar VenturesIronspring Ventures

Description

Mango, a fintech startup focused on the construction industry in Latin America, has secured $3 million in a funding round led by Ironspring Ventures. This financing aims to enhance the company's services and expand its network of contractors and suppliers. BBVA Spark has also provided a credit facility to support Mango's growth. The funds will primarily be used for deploying structured credit and strengthening internal teams.

Company Information

Company

Mango

Location

Barcelona, Catalonia, Spain

About

Mango, one of the leading international fashion groups, is a global company with design and creativity at the heart of its business model and a strategy based on constant innovation, the pursuit of sustainability and a complete ecosystem of channels and partners.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers