TLDR:
- Mangusta Capital, a new global venture capital firm, plans to invest $150 million in AI and consumer businesses over the next five years.
- The firm, founded by Tomasso Chiabra and Kevin Jiang, aims to support revolutionary founders and innovative startups.
Mangusta Capital, a new global venture capital firm, has announced its launch with a commitment to invest $150 million in leading AI and consumer businesses over the next five years. The firm, led by Tommaso Chiabra and Kevin Jiang, aims to support transformative startups from Europe to Silicon Valley and invest in artificial intelligence and consumer disruption. With $50 million in proprietary capital, the firm plans to invest in businesses that will shape the future, focusing on artificial intelligence, innovative consumer brands, and life-changing healthcare technologies.
The firm, named after the Italian word for ‘mongoose’ to symbolize its swift and unrelenting approach to investing, has the backing of LMDV Capital. The founders, with diverse backgrounds and expertise, have already invested in companies like xAI, an AI initiative led by Elon Musk, and Vanessa Hudgens’ Caliwater. They have also sponsored the UIM E1 World Championship as part of their dedication to leveraging technology for eco-friendly initiatives.
Mangusta Capital aims to not only invest but empower visionaries by providing a global network and experience to support entrepreneurs from various backgrounds. The firm also plans to create a community of exceptional talent through exclusive meetings and events to foster innovation and collaboration. For more information, visit Mangustacap.com or contact info@mangustacap.com.
