Mantle, a Toronto, Canada-based new platform leveraging AI to simplify equity management for founders of high-growth companies, has launched and announced $10.5 million in seed funding.
SaaS Investors
The investment was from a dozen funds, including Eniac, Craft Ventures, Vaynerfund, Sierra Ventures, and Leaders Fund, while also seeing participation from angel investors including Gokul Rajaram, Bill Lee, Russ Jones, Farhan Thawar, Sundeep Madra, Kirk Simpson and Chris Ye.
Founded in 2009, Eniac Ventures is a venture capital firm based in New York, New York. The firm leads seed rounds across consumer, enterprise, and deep tech.
Craft Ventures is an early-stage and growth fund dedicated to the craft of building great companies. Craft was founded in 2017 and is based in San Francisco, CA.
VaynerFund is an angel investor fund that invests in the information technology and gaming sectors. The fund is located in New York, New York.
Sierra Ventures is an early-stage venture capital firm investing in the future of enterprise, healthcare, infrastructure, and more. Founded in 1982, and is based in San Mateo, California.
Leaders Fund is a B2B software-focused venture capital firm built by operators for operators. The firm invests in fast-growing enterprise software companies run by tenacious entrepreneurs.
About Mantle
Founded by Amar Varma, Mantle is a next-generation platform for modern founders, powered by AI. The platform uses AI to provide instant, company-specific recommendations based on a company's financials, location, jurisdiction, and relevant market data. Mantle automates processes and responds in the form of easy-to-understand visualizations. Key features include AI Co-Pilot, TermSheet Modeler, Cap Table Manager, and the ability to issue equity. The platform is aimed at streamlining financial and business flows for founders, allowing them to focus on strategic decision-making.
Funding Details
Company: Ten Key Labs Incorporated
Raised: $10.5M
Round: Seed Round
Funding Month: October 2023
Lead Investors: Eniac, Craft Ventures, Vaynerfund, Sierra Ventures, Leaders Fund
Additional Investors: Gokul Rajaram, Bill Lee, Russ Jones, Farhan Thawar, Sundeep Madra, Kirk Simpson and Chris Ye
Company Website: https://withmantle.com/
Software Category: AI-powered Cap Table and Equity Platform
Source: Candice Allouch Kirel