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

TechCrunch

Mambu , a Berlin-based startup that describes itself as an SaaS banking platform — providing, by way of APIs, technology to banks and others to power lending, deposit and other banking products — has closed a round of €110 million (about $135 million at today’s rates). That could lead to consolidation, too.

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Five Predictions for 2023

Tomasz Tunguz

ML propels SaaS into a massive second wave that increases workers’ productivity measurably. Users grow accustomed to this very quickly & ML becomes a requisite feature in most workflow SaaS. Here are my predictions for 2023. The hangover from web3’s raucous 2022 extends into 2023.

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Polly snags $37M in Menlo-led Series B to automate workflows for mortgage lenders

TechCrunch

Polly, a SaaS technology startup aiming to “transform” the mortgage capital markets, announced today that it has raised $37 million in a Series B funding round led by Menlo Ventures. New backers Movement Mortgage, First American Financial and FinVC joined existing investors 8VC, Khosla Ventures and Fifth Wall in participating in the round.

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CommerceIQ gets its horn as capital continues to flow into e-commerce infrastructure startups

TechCrunch

As part of the investment, Priya Saiprasad, partner at SoftBank Investment Advisers, is joining CommerceIQ’s board of directors. “E-commerce Incumbents are over 20 years old and built on aging infrastructure created before the smartphone and social media,” he added. 4 trends that will define e-commerce in 2022.

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Vesta closes on $30M in an a16z-led Series A to build a new kind of mortgage infrastructure

TechCrunch

It requires the technical and financial know-how to develop and implement a new backbone in a highly regulated industry,” said Strange, who joined Vesta’s board as part of the financing. ” “This is very contrary to the incumbents,” Yu told TechCrunch. “We

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Mosaic raises $18.5M Series A from GC to rebuild the CFO software stack

TechCrunch

Moallemi says incumbents have a couple of key challenges that Mosaic hopes to overcome. million of Series A financing led by Trevor Oelschig of General Catalyst, who has led other enterprise SaaS deals into startups like Fivetran, Contentful, and Loom. Screenshot of Mosaic’s planning function. Photo via Mosaic.

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ManageXR grabs $4 million seed round to scale XR business 

TechCrunch

ManageXR announced today it has raised a $4 million seed round led by Rally Ventures , with venture partner and previous lead angel investor Jay Borenstein joining the company’s board of directors. . Los Angeles-based Talespin nabs $15 million for its extended reality-based workforce training tools.