Inveniam to acquire MANTRA after $20M investment

Inveniam Capital Partners has agreed to acquire the blockchain project MANTRA and its affiliated entities, with the transaction expected to close by June 30, 2026, subject to customary closing conditions. The acquisition follows a $20 million strategic investment in August 2025. No further financial terms were disclosed.

The two firms have worked to integrate since the investment and launched the NVNM Chain on May 13. NVNM is a Layer 2 network built on the MANTRA Chain designed to anchor cryptographic proofs of private market asset data while keeping sensitive information off-chain. The firms say the network is intended to create verifiable digital records for institutional finance and AI-driven systems.

Under the agreement, the MANTRA brand will remain in place and the existing MANTRA team will continue to operate under Inveniam ownership. Core elements of MANTRA’s infrastructure — the MANTRA Chain, its native gas token, MANTRA Finance and the mantraUSD stablecoin — will remain central to the combined organisation.

The deal follows a sharp token sell-off in April 2025, when the MANTRA token fell more than 90% in under 24 hours and the project lost an estimated $5 billion in market value. Some community members accused insiders of dumping tokens; MANTRA management attributed the crash to automated, cascading liquidations on centralized exchanges.

Patrick O’Meara, chairman and CEO of Inveniam Capital Partners, described the initial investment as reflecting a belief that regulated blockchain infrastructure and AI-ready private market data belong on the same technology stack. “We initially invested in MANTRA because we believed regulated blockchain infrastructure and AI-ready private market data belonged on the same stack,” he said. “This acquisition positions us to be value additive to the global private markets ecosystem faster.”

John Patrick Mullin, CEO of MANTRA, framed the acquisition as a logical next step after the teams demonstrated technical compatibility on the recent mainnet launch. “When you share the same conviction about where real-world assets and AI are heading, and you’ve already proven you can build together, the question is, why keep the organizational boundary? We decided not to,” he said.

Both firms stated the combined effort will focus on delivering institutional-grade data about private market assets and AI-ready datasets into decentralized finance applications. The transaction remains subject to customary closing conditions and required regulatory approvals.