Mangrove V

Mangrove V is a venture capital fund managed by Mangrove Capital Partners, founded in 2000 and headquartered in Luxembourg, with additional offices in Berlin and Tel Aviv. Launched in 2017, Mangrove V focuses on early-stage investments primarily in the software sector, targeting technology companies across Europe and Israel. The firm aims to support the growth of its portfolio companies by providing financial backing, strategic advice, and leveraging industry connections. Mangrove Capital Partners specializes in various areas within the technology landscape, including internet services, e-commerce, gaming, and mobile applications, among others. Its investment strategy is centered on fostering innovation and helping startups realize their potential in a competitive market.

Itay Asulin

Investor

Yann Decroos

Investor

Adrian Goergen

Analyst

Mathieu Hecquet

Analyst

Steven Kohl

Partner

Nikolas Krawinkel

Principal

Lior Krengel

Principal

Yannick Oswald

Principal

Roy Saar

Partner

Hans-Jurgen Schmitz

Managing Partner

Peggy Zhou

Investor

Guang (Roger) Y.

Associate

Past deals in Travel

Exoticca

Series C in 2021
Exoticca is an online travel agency that specializes in providing travel booking services for exotic destinations worldwide. The company offers comprehensive holiday packages that include flights, accommodations, meals, guided tours, and private transportation. By utilizing their platform, travelers can easily book these packages at competitive prices, making it convenient for individuals seeking unique travel experiences. Exoticca's focus on exotic locations sets it apart in the travel industry, catering to those looking for distinct and memorable adventures.

TravelNest

Seed Round in 2017
TravelNest Limited operates an online platform that enables rental property owners to advertise their properties effectively. Founded in 2014 and based in Edinburgh, United Kingdom, the company focuses on the holiday rentals industry across Europe. It assists property owners in optimizing their listings and identifying the most suitable advertising channels to enhance visibility and attract potential guests. TravelNest was previously known as TouristCo Limited before rebranding in October 2017. Through its innovative approach, the company aims to transform the way rental properties are marketed.

Tinggal

Seed Round in 2016
Tinggal is an online marketplace established in February 2016 that specializes in connecting users with quality budget hotels throughout Asia, particularly in Indonesia. With partner properties located in key cities such as Jakarta, Bali, Bandung, Surabaya, Yogyakarta, and Medan, Tinggal aims to elevate the standards of budget accommodations in the region. Each hotel listed on the platform offers essential amenities, including free Wi-Fi and breakfast, while prioritizing customer experience and in-hotel facilities. Tinggal ensures high standards of hygiene and cleanliness for all linens, bedsheets, and washrooms. Users can conveniently make reservations via the website or mobile app, or by contacting a 24/7 multilingual helpline for assistance.

WudStay

Series A in 2015
WudStay is a company that offers standardized and branded accommodations for both corporate and leisure travelers through its online platform. The platform serves as a marketplace connecting travelers with accommodation partners, providing a range of options including stylish and comfortable hostels and paying guest arrangements. WudStay prioritizes customer satisfaction by ensuring a quality experience that includes complimentary breakfast, free Wi-Fi, cable TV, and clean washrooms and linens. By focusing on affordability and convenience, WudStay caters to the needs of students and working professionals seeking brokerage-free lodging solutions.

Oktogo

Venture Round in 2015
Oktogo has rebranded as [travel.ru](http://www.crunchbase.com/organization/travel-ru), after acquiring it in September 2013. Oktogo is the leading Russian online hotel reservations agency. Designed specifically for Russian travelers, Oktogo.ru offers over 4,000 hotels in Russia and over 250,000 hotels worldwide. The Oktogo.ru website attracts over 1 million unique visitors each month via the Internet. With head office in St. Petersburg, Oktogo has the largest database of hotels online in the Russian regions including the north-west of Russia and Novosibirsk in Siberia.

Oktogo

Series C in 2013
Oktogo has rebranded as [travel.ru](http://www.crunchbase.com/organization/travel-ru), after acquiring it in September 2013. Oktogo is the leading Russian online hotel reservations agency. Designed specifically for Russian travelers, Oktogo.ru offers over 4,000 hotels in Russia and over 250,000 hotels worldwide. The Oktogo.ru website attracts over 1 million unique visitors each month via the Internet. With head office in St. Petersburg, Oktogo has the largest database of hotels online in the Russian regions including the north-west of Russia and Novosibirsk in Siberia.

Oktogo

Series B in 2012
Oktogo has rebranded as [travel.ru](http://www.crunchbase.com/organization/travel-ru), after acquiring it in September 2013. Oktogo is the leading Russian online hotel reservations agency. Designed specifically for Russian travelers, Oktogo.ru offers over 4,000 hotels in Russia and over 250,000 hotels worldwide. The Oktogo.ru website attracts over 1 million unique visitors each month via the Internet. With head office in St. Petersburg, Oktogo has the largest database of hotels online in the Russian regions including the north-west of Russia and Novosibirsk in Siberia.

Oktogo

Venture Round in 2011
Oktogo has rebranded as [travel.ru](http://www.crunchbase.com/organization/travel-ru), after acquiring it in September 2013. Oktogo is the leading Russian online hotel reservations agency. Designed specifically for Russian travelers, Oktogo.ru offers over 4,000 hotels in Russia and over 250,000 hotels worldwide. The Oktogo.ru website attracts over 1 million unique visitors each month via the Internet. With head office in St. Petersburg, Oktogo has the largest database of hotels online in the Russian regions including the north-west of Russia and Novosibirsk in Siberia.
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