According to tech.eu reports, the DEX protocol Mangrove DAO completed a US$7.4 million Series A financing, co-led by Cumberland and Greenfield Capital, and participated by CMT and gumi Cryptos Capital. Mangrove completed its seed round of financing in July 2021, with investors including Wintermute Ventures, QCP Soteria Node, Monday Capital, Noia Capital, Zeeprime, Atka Capital and Stake Capital. Mangrove is an order book-based DEX that allows liquidity providers to post arbitrary smart contracts as quotes. Liquidity can be shared, borrowed, lent, and displayed in Mangrove's order book.