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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 York-based Two Sigma Ventures led the round, with existing backers such as Homebrew, Susa Ventures, Crossbeam and angel investor and popular podcast host Anthony Pompliano also participating. 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. TC: What’s Pulley’s relationship to venture firms? Carta was just valued at $1.7

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Call center automation software vendor Replicant raises $78M

TechCrunch

Replicant , one of the more prominent vendors in the call center automation space, today announced that it raised $78 million in Series B funding led by Stripes with participation from Salesforce Ventures, Omega, IronGrey, Norwest and Atomic. ” To date, Replicant has raised $110 million in venture capital.

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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

ED ZIMMERMAN : The funnel for venture funding isn’t cylindrical — it’s shape follows a more Darwinian conical path, as many seed stage companies march into the cone’s wide entrance and far fewer make it to the cone’s narrow end. Since then, the global allocation to seed funding has significantly increased.

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This former Tesla CIO just raised $150 million more to pull car dealers into the 21st century

TechCrunch

As Vijayan tells it, he knew nothing about cars until joining Tesla in 2011, following a dozen years of working in product development at Oracle, then VMware. Instead, they found themselves tracking incumbents Reynolds & Reynolds, CDKGlobal and Cox Automotive’s Dealertrack — and waiting for a better player to emerge.