The firm typically invests in rounds with 4-5 participants and has funded startups such as Booksy, Brainly, and Toonstar. Manta Ray Ventures provides flexible and patient capital, leveraging its time, resources, and networks to support its portfolio companies. The fund focuses on internet and information technology startups that are 2-3 years old and typically invests in deals ranging from $10 to $50 million. Although the fund is based in the UK, it frequently invests in the United States. Manta Ray Ventures is involved in 7-12 deals per year and has a slightly lower exit rate compared to other venture capital firms.