US-based Manganum raises US$500K in 2nd round of seed funding from Mitgo

US-based Manganum raises US$500K in 2nd round of seed funding from Mitgo

US-based Manganum announced that it has raised US$500K in the second round of seed funding from Mitgo, an innovation-focused global tech company. 

The funds will also be allocated to technical development; It’s also part of Mitgo’s global investment plan to invest 100 million USD by 2025.

Later this year, Google will roll out a new feature that allows third-party extensions access to Chrome’s own sidebar. Manganum plans to be first in line and, with Mitgo’s investment, the team can accelerate their preparations for it, according to the company.

Manganum is an extension that turns Google Chrome into a productivity workspace, enhancing user organization, focus, and multitasking ability. The sidebar of Manganum provides simple, instant access to productivity apps such as ChatGPT, Google Calendar, Google Tasks, Google Keep, Google Translate and Todoist, regardless of the website a user is browsing. 

“Manganum helps its users to navigate through a sea of apps, to-do lists, and services. It can help many people”, said Alexander Bachmann, Mitgo Founder and CEO.

“Our mission is to make desktop browsers more productive, turning them into organized and efficient workspaces with functionality beyond what was previously possible. And, being an extension, we don’t ask users to change their browser – we just make their Chrome better.” – Uladzimir Yankovich, Founder of Manganum.

Manganum has over 100,000 installs and 20,000 daily active users. A large part of Mitgo’s investment is to be spent on testing new marketing channels for Manganum to grow the customer base from the current 500 organic daily installations to the projected 2,500. 

In addition to the investment, Mitgo is offering HR services in helping to attract new talent to the project. 

Alexander Bachmann, Mitgo Founder and CEO, has also taken the role of project mentor, sharing his extensive experience in developing, launching, and monetizing businesses.

Manganum estimates the potential audience of its product at 25 million users worldwide, with an expected revenue of 120 million USD annually. For Mitgo, this is an opportunity to help Manganum reach this goal and branch out further into the B2C sector. 

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