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Corporate VCAllocates capital directlyActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 6 SOURCES

Mango StartUp Studio

Start-up accelerator and investment vehicle of Mango (Mango Fashion Group)

Also known as Mango Startup Studio

Mango's start-up accelerator, launched in 2022 with IESE; invests seed capital in fashion-value-chain start-ups through convertible participating loans and runs a 4–6 month programme.

HEADQUARTERS
Barcelona, Spain
FOUNDED
2022
AUM
—
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
—

FOCUS

STAGES
Seed
SECTORS
Consumer & E-commerceSoftware & SaaSClimate & EnergyFintech
GEOGRAPHY
Spain

WHAT IT IS

Corporate VC. A corporation investing from its own balance sheet, usually with strategic goals.

ABOUT

Mango StartUp Studio is the start-up accelerator of the Barcelona fashion group Mango, launched in April 2022 in collaboration with IESE Business School with a €3m budget and the aim of taking part in around 50 companies over the medium term. Mango invests seed capital in the selected start-ups through a convertible participating loan that can convert into equity at a later round, and the start-ups follow a mentoring programme with Mango teams. By January 2024 Mango had invested in seven start-ups since the launch, six of them through the studio: The Platera, Recovo, Payflow, La Más Mona, Union Avatars, Ziknes and Flipflow. In June 2026 Mango took part in Flipflow's €3m round led by 4Founders Capital.

INVESTMENT THESIS

Seed-stage start-ups that can transform the fashion value chain: commerce and customer, design and product, sustainability, sourcing and operations, and people.

PORTFOLIO (7)

  • Flipflow
    Software & SaaS · since 2024
  • Ziknes
    Industrial & Manufacturing · since 2023
  • Union Avatars
    Software & SaaS · since 2023
  • La Más Mona
    Consumer & E-commerce · since 2023
  • Payflow
    Fintech · since 2023
  • Recovo
    Climate & Energy · since 2022
  • The Platera
    Consumer & E-commerce · since 2022

LINKS

FAQ

Mango StartUp Studio is a corporate venture arm based in Barcelona, Spain, founded in 2022.

Yes. Mango StartUp Studio invests directly in private companies.

Mango StartUp Studio invests at Seed stage in Consumer & E-commerce, Software & SaaS, Climate & Energy and Fintech.

Mango StartUp Studio's investments include Flipflow, Ziknes, Union Avatars, La Más Mona, Payflow, Recovo and The Platera.

The most recent publicly reported investment by Mango StartUp Studio is Flipflow (€3m round led by 4Founders Capital (Mango among participating investors; follow-on)), announced in Jun 2026.

Mango StartUp Studio states that it accepts submissions.

No. Mango StartUp Studio invests its own capital and does not raise money from outside investors.