The Spanish textile retailer Mango has invested in another start-up company. On Wednesday, the clothing retailer announced that it is now also supporting the IT company Flipflow through its business accelerator Mango StartUp Studio.
The company, founded in Valencia in 2021 and specializing in procedures for “market analysis, price monitoring and real-time inventory control on various marketplaces,” has received additional financing through a convertible equity loan, Mango said. As part of the funding, the Flipflow team will also benefit from a consulting and mentoring program. The aim of the collaboration is to “develop new functionalities” and increase the added value of the technology project, the clothing provider explained.
Flipflow is now the sixth young company to receive financial and intellectual support from the Mango StartUp Studio, founded in 2022. The accelerator most recently invested in the 3D printing specialist Ziknes last fall.