0%

est. 2Y upside i

Series A

Mangrove is an order book-based DEX that allows liquidity providers to post arbitrary smart contracts as offers. This new flexibility enables liquidity providers to post offers that are not fully provisioned. The Mangrove's order book lists promises instead of locked commitments.

Rank

#2814

Sector

Decentralized Finance (DeFi)

Est. Liquidity

~4Y

Data Quality

Data: Low

Equity valuation is impossible to assess due to missing financial data.

Last updated: July 3, 2026

Bull (20%)0%

No revenue or valuation data to compute upside. If token value emerges, could be significant but speculative.

Base (55%)0%

Cannot estimate base case. Likely zero or negative return given lack of financial traction.

Bear (25%)-100%

With $10.1M in funding and no revenue, common equity likely worthless in a liquidation scenario.

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Funding Intensity

0%

Total funding of $10.1M likely represents a large preference over common, with no revenue to support valuation.

Dilution Risk

high

Only $10.1M raised, likely needs more capital. Stale round suggests down round risk.

Secondary Liquidity

none

No secondary market observed; illiquid private shares.

Questions to Ask at the Interview

Strategic questions based on Mangrove's data — designed to show you've done your homework.

  • 1

    “What is the current annualized revenue and growth rate?”

  • 2

    “How does the offer-is-code model create a sustainable moat against Uniswap?”

  • 3

    “What is the expected timeline to profitability or token value appreciation?”

Community

Valuation Sentiment

Our model estimates 0% upside. What do you think?

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Community Discussion

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.