Otto Nunnikhoven advised on a venture capital transaction whereby an Mangrove Capital Partners, took a Series A shareholding interest in Synerscope, a Dutch pioneer developer of fast, sense-making Big Data Analytics technologies. SynerScope is a leading provider of enterprise business analytics products focusing on big data and business intelligence for banks and insurance companies.e.
acted for Mangrove on this transaction.
Mangrove Capital Partners (www.mangrove.vc) is a leading early stage venture capital firm. Its team chases bold, transformational ideas around the world, with a combined focus on Europe, Israel, India and Russia. Mangrove works with top entrepreneurial talent at the earliest stages of innovation, with the aim of being the first institutional investor: the firm has co-created projects and regularly injects funds prior to product launch, often in unproven, unusual or unfavoured technologies. Its team brings rich and diverse experience in industry as well as technology, and its entrepreneur-centric approach ensures founders have the support, encouragement and experience they need to build disruptive, global companies.
With $750 million under management, Mangrove has the capacity to support its portfolio through multiple rounds of financing and is the largest shareholder in many of its best performing companies. Founded in 2000, Mangrove has invested in more than 70 companies, including Skype (sold to eBay), Wix.com (Nasdaq:Wix), Brands4Friends (sold to eBay), Nimbuzz (partially sold), Freedompop and KupiVIP. Mangrove has consistently featured among the top performing venture capital funds in the industry.