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Mambu raises $135M at a $2B+ valuation for a SaaS platform that powers banking services

TechCrunch

The round is being led by TCV, with Tiger Global and Arena Holdings, along with past investors Bessemer Venture Partners, Runa Capital and Acton Capital Partners, also participating. That could lead to consolidation, too. Thought Machine nabs $83M for a cloud-based platform that powers banking services.

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Nelo joins the BNPL rush, with $20M in new funding and the Mexican market in its sights

TechCrunch

New investors include angels like Gokul Rajaram and Emilie Choi, founders and employees from Wealthsimple, Orum, Alloy, Chime, Square and funds/syndicates in addition to Primer Capital, Gaingels and Moving Capital. Nelo is planning to use its new capital to grow its consumer and merchant base, and to continue to build out its team.

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This serial founder is taking on Carta with cap table management software she says is better for founders

TechCrunch

Yin Wu has co-founded several companies since graduating from Stanford in 2011, including a computer vision company called Double Labs that sold to Microsoft, where she stayed on for a couple of years as a software engineer. Wu is going up against some pretty powerful competition. Carta was just valued at $1.7

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‘Insane’ — UK tech reacts to government moves that might hand UK startups contract to Barclays Bank

TechCrunch

Tech City UK, its predecessor, was launched in 2011 by former prime minister David Cameron and concentrated largely on the London ecosystem until 2018 when it merged with Tech North (based in Manchester). We can’t hand the support to the tech ecosystem to an incumbent bank! Tech Nation has long been embedded in the U.K. and abroad.

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Call center automation software vendor Replicant raises $78M

TechCrunch

“[With the new capital,] we plan to ramp up investment in our customer success team to onboard new customers,” cofounder and CEO Gadi Shamia told TechCrunch via email. ” To date, Replicant has raised $110 million in venture capital. Sources tell TechCrunch that the post-money valuation stands at $550 million.

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The Decline of New SaaS Company Formation

Tomasz Tunguz

In 2011-2013, about 1450 software companies were founded each year on average. This is counterintuitive considering the broader venture capital backdrop of near record venture investment in software. The rate of new software company formation seems to have declined materially in the past few years.

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Ed Zimmerman: The Growing Scarcity of Series B Venture Rounds

WSJ - The Accelerators

For instance, as I’ve previously written , “In 2011, only 28% of Europe’s venture-backed tech deals were seed stage… [but] in 2013 and 2014, roughly half of all European tech venture deals were seed stage.” So more of these companies march into the wide mouth of the funnel. Because the U.S.