First ICO backed by a VC Fund in Latin America

[ICOMango]

First ICO backed by a VC Fund in Latin America

There is much talk about new forms of investment, but very little about addressing the issues haunting the investment ecosystem: the shrinking amount of liquidity on the exit, and the length of the illiquidity period. Mango Startups wants to change that, and it is turning to the blockchain as the answer to the liquidity problem.

Today, Mango Startups has announced the launch of the first initial coin offering (ICO) for a VC fund in Latin America.

Mango Startups will use blockchain to allow backers to make early-stage investments in promising tech companies. The fund will invest in a diversified portfolio of up to 24 tech startups from different countries in Latin America. The aim is to offer transparency and liquidity as well as a clear exit strategy for the investors.
‘Our core mission is to democratize venture investments and reshape the traditional Venture Capital industry for startups and investors. We add value to startups and investors through a proven track record of coaching and due diligence methodology. We provide liquidity, transparency and inclusivity on the blockchain,’ comments Ami Lebendiker, Founding Partner of Mango Startups.
Our team coordinates the Latin America Accelerator Network (RETEI). With more than 8 accelerators and +1,000 startups, this network provides a huge pool of talented entrepreneurs and scalable projects to choose from. In order to minimize risk and maximize revenue, all startups in the portfolio must follow these prerequisites:
i. Have graduated from a renown accelerator program,
ii. Maintain a positive cash flow for at least 6 months and
iii. Provide a service platform or product that is highly scalable. Only the best companies will receive funds to be part of the portfolio.
This initiative enables anyone to invest in early-stage tech companies  while keeping the investment liquid from day one.
“While equity crowdsourcing brought startup investments to the public, we are hoping that Mango Startups, with its liquidity and inclusivity, will bring more and more people to invest in a growing region like Latin America, while avoiding the inherent risk of investing into a single startup or ICO,” said Fernando Arriola, CFO of Mango Startups.
The Ethereum-based token will be made available in cryptocurrency exchanges after the ICO is over.
Massive Benefits of VC Investing vis DIgital Token:


The Mango Startup Pre-ICO will launch on 1st of March, 2018 (Join to get 33% bonus). For more information or to participate in the crowdsale, visit www.mangostartups.com

[Vladar49]

First ICO Backed by a VC Fund in Latin America

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