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

TechCrunch

Mambu has been seeing 100% growth year-on-year, but notably, Mambu covered 50 markets when it last raised money, €30 million in 2019 , so you can argue it has some investing and expanding to do on that front. Spryker raises $130M at a $500M+ valuation to provide B2Bs with agile e-commerce tools. That could lead to consolidation, too.

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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). Gerard Grech, chief executive of Tech Nation, said the body’s work represented a “£15 return on every £1 invested by the government.”.

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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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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. We will increase our sales and marketing investment to capture the significant demand we see.

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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. Third, the recent concentration of seed investments in fewer companies might contribute to a decreased rate of founding.

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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.

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Identity management platform Saviynt secures $205M in debt, appoints new CEO

TechCrunch

Showing that there’s real investor enthusiasm for identity management platforms, Saviynt , which enables companies to secure apps, data and infrastructure in a single platform, today announced that it raised $205 million in debt from AB Private Credit Investors’ Tech Capital Solutions group. from last year’s $1.3