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The Venture Codex

Mangrove

Schaardijk 211, Rotterdam, NH, 3063, The Netherlands

Overview

Digital agency in Rotterdam. The company design & develop sites, campaigns and other cool stuff for web and mobile.

Total investments
12
Lead investments
2
Investments · 12mo
0
Active investors
0

Sector focus

  • Android
  • iOS
  • Mobile
  • Search Engine
  • Social Media
  • Web Development
  • Web Hosting
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Investment portfolio

  • Exoticca

    Participated · Series D · Jul 2024

    Exoticca operates a traveltech platform that digitizes and sells complex multi-day tour packages combining flights, hotels, transfers and activities across 70+ destinations. The company is investing heavily in its proprietary AI-powered interconnectivity systems to synchronize services, personalize recommendations, optimize pricing and automate itinerary creation. Management says these AI capabilities improve matching between travelers and experiences while boosting operational efficiency and partner relationships. Exoticca is present in markets including the United States, Canada, United Kingdom, Spain, Australia, Colombia and Mexico, and generates more than 75% of its business in North America. The company positions itself as a digital pioneer in the €100 billion multi-day tour package sector and is a portfolio company of several venture funds. Recent financings have strengthened its balance sheet to support further international expansion and technology investment. Exoticca runs a platform that integrates flights, hotels, meals, transfers, transport and local suppliers to simplify booking of complex multiday tour packages. The company says its model can reduce costs by as much as 30% compared with traditional offerings. Exoticca reports it has more than doubled sales year-over-year since 2015. It operates in the United States, Canada, United Kingdom, France, Germany, Spain, Mexico and Colombia through a network of online and offline travel and non-travel partners and offers 70 destinations from its Barcelona headquarters. Seventy-five percent of its business comes from the U.S. and Canada and the company targets middle- and upper-middle-class customers. Management says the objective is to expand into Latin America, the Middle East, India and China. Exoticca digitises high-complexity, big-ticket tours (multiple flights, hotels and activities) and offers them completely online with real-time availability, removing traditional brick-and-mortar intermediaries. Its platform speeds up purchasing and helps deliver more affordable prices for large trips. The company has expanded into Latin America, recently opening Mexico and Colombia, and plans to launch five more markets in the region by 2024. Exoticca reports rapid revenue growth: from €2 million in its first year (2015) to €200 million in 2023, and it expects to reach €300 million in sales by the end of 2024. To date the company has raised over €85 million in funding. Management positions the business for continued geographic expansion using digital distribution to scale. Exoticca, founded in 2013 and based in Barcelona, is a next-generation tour operator that enables online booking of complex multi-day trips by bundling flights, hotels, transfers and activities in one platform. The company uses technology to deliver a frictionless purchasing experience, real-time monitoring and enhanced in-destination customer support. It currently sells trips to over 60 destinations across seven markets (US, Canada, UK, France, Germany, Spain and Mexico) and recently launched a B2B vertical for traditional travel agencies. Exoticca has reported sustained growth with an average compounded growth rate of over 100% since 205 and expects to close 2022 with €120 million in revenue. The platform raised a €20 million venture debt financing led by Claret Capital Partners and Sabadell Venture Capital, bringing the company's total funding to €66 million. Proceeds will be used to accelerate growth, increase investment in technology and product, and support expansion into the Americas. Exoticca operates a digital platform for multi-day package tours to long-haul destinations, enabling online purchase of complex packages with flights, hotels and activities. Its platform covers over 50 destinations worldwide. The company is based in Barcelona and currently operates in the United States, Canada, the United Kingdom, France, Germany and Spain. Led by CEO Pere Vallès, Exoticca plans to use new funding to invest in technology and product to further automate the booking process and enhance travelers' experience. The company is also open to growing through acquisitions. Financially, Exoticca has raised a total of $53M to date after closing a $30M Series C.

  • Durcal

    Participated · Equity · May 2022

    Durcal offers a non-stigmatizing teleassistance platform that combines a smartwatch-like wearable with a companion app to monitor seniors’ location, detect falls, measure certain vitals, and enable family communication. The watch includes integrated GPS and a SIM for use both inside and outside the home, and features a help button and two-way audio that connect to a monitoring center. Durcal’s service is integrated with Movistar Prosegur Alarmas, which monitors incidents 24/7 and can dispatch emergency services when needed. The company reports 9 million downloads of its free app and positions itself as the most comprehensive app for people over 65 in Spain. Durcal will use the new €8M investment to promote its wearable and app in Spain, develop new ‘smart health’ functionalities, expand online sales, and grow operations in Spain, Andorra and into Latin America. Alpify is a Barcelona-based developer of a personal and family safety app, whose web presence has been rebranded as safe365. The app enables users to share their real-time location and itineraries with trusted contacts and includes features aimed at children and older adults. The company also provides a management panel used by emergency services (112/911) to view the exact position of people requesting help or reported missing. Founded in 2013 by Guillem Viladomat and accelerated in the Grup Inspirit incubator, Alpify reports more than 1.5 million registered users and is widely used in rescue situations. The company intends to use the funds to evolve from an emergency-focused tool into a comprehensive personal and family security services platform.

  • Seaya

    Participated · Seed · May 2021

    re:ceeve provides a no-code, digital-first platform for in-house collections and recovery teams, built with behavioral science to automate workflows and deliver analytics-driven insights. The product targets industries that provide financing and subscription services, including banks, alternative lenders, utilities and telcos. The company says it is active in 12 countries and processes hundreds of thousands of claims per month. Founded in 2019 by Michael Backes and Paul Jozefak, re:ceeve emphasizes digitisation and automation to maximize recovery and reduce manual collections work. The recent increase in seed funding to $13.5 million strengthens its financial position to scale product capabilities. Over the next year the company plans to expand its debt servicing and brokerage capabilities.

  • CYREBRO

    Participated · Series B · Apr 2021

    Cyrebro runs a cloud-based security operations center that combines its automation tools with in-house cybersecurity specialists to provide threat hunting, threat intelligence, forensic investigations, incident response, SIEM optimization and strategic monitoring. The platform can be used as a complete SOC solution or to complement existing security operations for organizations of varying sizes. The company emphasizes both automated defenses (including AI-driven tools) and human judgment, reflecting its roots in offensive red-team experience. Cyrebro plans to expand product functionality—such as deeper remediation integrations—and to grow into additional geographies. The company is based in Israel and operates across North and South America, EMEA and Asia. Cyrebro has been profitable for several years and now manages security for 400 customers, up from 38 three years ago; it has raised $60 million to date and is not disclosing a valuation. CyberHat offers CYREBRO, a technology-agnostic cloud-based security operations center platform for strategic monitoring, proactive threat hunting, accelerated incident response, and enhanced compliance. The platform is backed by a team of advanced cyber analysts and forensic investigators available 24×7. CYREBRO integrates with existing security systems, cloud platforms and internal network devices. Hundreds of globally established companies have used the platform, including SMBs as well as critical infrastructure and industries such as casinos, global retailers, banks, insurance companies and other Fortune 500 firms. The company secured a $15M Series B in 2021, bringing total funding to $22M. CyberHat intends to use the new funds to expand adoption of its SOC-as-a-Platform. CyberHat develops and operates a Security Operations Center (SOC) platform called CYREBRO that monitors, locates, and responds to cyber events in real time and specializes in attack fields, investigative systems, and forensics. The company also offers advanced hacking simulations, cyber readiness assessments, and other cybersecurity services to a broad set of clients. Its customers include Fortune 500 companies, financial institutions, technology firms, national power and gas infrastructures, hedge funds, private offices, and small businesses. CyberHat currently employs 60 people across Israel and the United States, with teams composed of cyber experts from law enforcement, military units, private sector organizations, experienced hackers, and computer crime investigators. With the new funding the company plans to expand overseas operations and increase its team of cyber experts in Israel while investing in further SOC product development.

  • Red Points

    Participated · Series C · Apr 2019

    Red Points provides an automated platform that detects and helps remove counterfeit goods, piracy and digital impersonators, positioning itself in the revenue recovery and anti-fraud space. Its tools enable brands to spot counterfeit listings and open disputes to protect intellectual property and recover lost revenue. The company serves customers across industries, with domestic customer Real Madrid named as a user of its technology. Red Points plans to use new funding to double down on go-to-market efforts and to tighten product features to combat emerging forms of online brand abuse. The startup has highlighted the scale of the problem with OECD figures on global counterfeiting and frames its product as a scalable, automated response for fraud teams. Red Points is a Barcelona-based SaaS brand-protection platform that leverages AI to scan e-commerce platforms, social networks and web properties to identify lookalike products and brand abuse. It detects counterfeiting, piracy, identity theft and fraudulent online distribution for clients across electronics, fashion, sport, automotive and entertainment. More than 800 businesses use the platform and the company employs approximately 250 people, with offices in Barcelona, New York, Salt Lake City and Beijing. The firm has experienced double-digit growth driven by the rise of e-commerce and cybercrime during the pandemic. Red Points has secured up to €15 million in debt financing from the European Investment Bank to finance further product R&D. Management says the EIB support will accelerate innovation and extend its growth strategy. Red Points offers a SaaS solution for detecting and enforcing online intellectual-property infringements, including online counterfeiting, piracy and distribution fraud. Led by CEO Laura Urquizu and based in Barcelona, the company has opened U.S. headquarters in New York. Its proprietary software currently removes more than 100,000 incidents of illegal products and content from the web monthly across over 100 online marketplaces and social networks. The company’s solutions are used by more than 550 brands worldwide, including Bang & Olufsen, MVMT and DOPE. Red Points said it will use new funding to further expand its technology and global presence to empower brands to protect their assets online. The company reported total capital raised of $64M following the new round. Red Points offers a cloud-based SaaS platform that scans marketplaces, social apps and websites to detect IP infringements and automate takedowns. The product uses deep-learning, image recognition and advanced keyword monitoring, and also applies learning from enforcement history to suggest new detection rules. The company reports it is removing more than 200,000 incidents of illegal products and content every month with an average removal rate of 96% and a 4.5-hour average from detection to takedown. Red Points says anti-counterfeiting and brand protection represent about 75% of its revenue, while anti-piracy remains a component of the business. Customers have grown to more than 300 (up from ~75 at its Series A), and 2017 revenue growth was 350%. The company has about 75 employees and plans to add 65 in 2018, including hiring US sales staff and expanding its technology team. It also plans to open a New York office in February 2018 as the US already accounts for around a third of its customer base. Red Points offers a SaaS solution for copyright infringement detection and removal. Its proprietary technology continuously crawls the web for infringement of online assets across download sites, P2P networks, forums, social networks, cyberlockers, apps and e-commerce sites. The platform documents and monitors each infringement and pursues extrajudicial actions to mitigate infringements, including notification of infringement, communication with relevant ISPs and de-indexing of web pages. Customers include major news organizations, international audio-visual groups, renowned brands, sports entities, top-level athletes, film stars and famous music artists. The company raised €2m from early stage venture firm Mangrove Capital Partners and intends to use the funds to expand its offering to companies of all sizes. It plans to support growth into new markets, including North America.

Team

No current team members are available.