About ICO (token sale)
Mango Startups is the first decentralized fund for Latin America. We are investing in a diversified portfolio of up to 24 tech startups from different countries. We offer transparency and compliance as well as a clear exit strategy for our investors.
Our core mission is to democratize venture investments and become a bridge between crypto and fiat economies. We help venture funds, accelerators and startups to raise capital using crypto assets in order to scale their products.
InvertUP Batch 2 (8 Companies Portfolio)
InvertUP is a seed capital fund that supports successful graduate start-ups from Latin American accelerators. The InvertUP fund is listed in the National Stock Exchange of Costa Rica, ensuring compliance with corporate governance regulations and international best practices, as well as imbuing it with accounting transparency, through the Alternative Stock Exchange Market Program (MAPA).
The ‘InvertUP Seed Capital Fund’ has a $2.8M valuation, and is currently invested in a diversified portfolio of 8 post-product stage tech companies called ‘Batch 2’. The Fund owns on average 18% equity in each company. All 8 companies in ‘Batch 2’ have a proven business model, have traction in their home country and are break-even companies. Some had already raised series A rounds of investment at higher valuations.
Mango Startups ICO
Mango Startups has an option to purchase up to a thirty five percent (35%) membership interest in the ‘InvertUP Fund – Batch 2’’ portfolio. Mango Tokens will be generated and sold to all those who want to invest in the portfolio.
This will be done though secondary exchanges, where the tokens will become available to all potential purchasers after the ICO.
Mango Startups Pre-ICO
In order to fund initial hires, legal incorporation, and other necessary expenditures, Mango Startups will conduct a limited Pre-ICO on the 1st of March, 2018, until the 20th of March, 2018. Investors in the pre-ICO will enjoy a 33% bonus over the ICO rate. For example, a purchase of 10,000 Mango Tokens during the pre-ICO, will give the investor 12,500 Mango Tokens
Main ICO Structure
Mango Startups is raising up to $3,000,000 to invest in the InvertUP Fund portfolio Startups. Up to $1,000,000 will be utilized to buy up to 35% of “InvertUP Fund” at portfolio valuation price. Funds above $1M will get invested with similar investment focus in future startups from InvertUP and other Accelerators from our RETEI Accelerator Network in Latam (Red Iberoamericana de Aceleradoras Tecnologicas ). If the amount raised is below $1M, the acquired shares of InvertUP portfolio will get reduced proportionally.