Mango Network Secures $13.5 Million to Fuel Cross-Chain Revolution with Multi-VM Omnichain Infrastructure

Author - personCMO Intern

2/16/2025

Mango Network Raises $13.5M for Cross-Chain Future

5:25 PM · Feb 14, 2025 – Mango Network, a groundbreaking multi-VM omnichain infrastructure network, has successfully raised $13.5 million in a funding round led by Kucoin Ventures, with significant participation from Ainfra Ventures, Tido Capital, Connectico Capital, Becker Ventures, Tfund, Mobile Capital, and CatcherVC. This substantial investment will propel the launch of Mango Network's mainnet and Token Generation Event (TGE), marking crucial steps towards realizing its vision of a seamless and efficient cross-chain future.

Mango Network is building a Layer 1 blockchain platform designed to tackle the challenges faced by Web3 applications. By uniquely combining EVM and MoveVM compatibility, Mango Network offers developers a secure, modular, and high-performance infrastructure. This dual-VM approach allows developers to leverage the strengths of both ecosystems, fostering innovation and accelerating the development of decentralized applications.

The newly secured funding will be instrumental in several key areas:

Mainnet Launch: The funding will expedite the launch of the Mango Network mainnet, bringing the platform's innovative cross-chain capabilities to the broader blockchain community.

Token Generation Event (TGE): The TGE will introduce the MGO token, the native utility token of the Mango Network ecosystem. Details regarding tokenomics and distribution will be released soon.

Ecosystem Development: A portion of the funding will be allocated to supporting the growth of the Mango Network ecosystem, fostering the development of dApps and other projects built on the platform.

Community Growth: Expanding the community and increasing awareness of Mango Network's unique value proposition are key priorities.

Key Features and Benefits of Mango Network:

Multi-VM Support (EVM and MoveVM): Offers developers flexibility and access to a wider range of tools and resources.

High Performance: Boasts a transaction throughput of 297,450 TPS and a fast transaction finality of 380ms.

Low Gas Costs: Reduces the cost of transactions, making the platform more accessible to users.

Enhanced Security: Employs smart contract static invocation, asset object transfer, and formal validation to ensure the reliability of contracts.

Modular Blockchain: Offers sovereignty, scalability, and efficient deployment of new blockchains.

Cross-Chain Interoperability: Facilitates seamless and secure cross-chain transactions, maximizing liquidity efficiency.

Developer-Friendly: Provides comprehensive documentation, grants, and support for developers building on the platform.

About the Investors:

Kucoin Ventures: The investment arm of KuCoin, a leading global cryptocurrency exchange.

Ainfra Ventures: A venture capital firm focused on blockchain and Web3 infrastructure.

Tido Capital: A venture capital firm investing in early-stage blockchain projects.

Connectico Capital: A venture capital firm specializing in blockchain and decentralized technologies.

Becker Ventures: A venture capital firm focused on disruptive technologies.

Tfund: A venture capital firm supporting innovative blockchain projects.

Mobile Capital: A venture capital firm investing in mobile and blockchain technologies.

CatcherVC: A venture capital firm focused on early-stage investments.

About Mango Network:

Mango Network is a multi-VM omnichain infrastructure network designed to empower the next generation of Web3 applications. By combining the strengths of EVM and MoveVM, Mango Network provides developers with a secure, modular, and high-performance platform for building innovative decentralized applications. With a focus on cross-chain interoperability, scalability, and security, Mango Network is poised to become a leading player in the evolving blockchain landscape.

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