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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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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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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 Traditional brick-and-mortar strategy doesn’t transfer over to e-commerce, but the old way with spreadsheets and human-driven operations don’t scale.

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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.

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

TechCrunch

While the CEO sets strategy, messages, and builds culture, the CFO needs to know everything that it is going on in an organization. Moallemi says incumbents have a couple of key challenges that Mosaic hopes to overcome. CFOs are the supposed omniscient owners of a company. Where is revenue coming from, and when will it arrive?

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Gusto: The People Platform for SMBs

Y Combinator

The emergence of SaaS business models has further set the stage for companies like Gusto to transform SMB operations. In the long run, software platforms have the potential to be much larger than traditional incumbents. With its software up and running, Gusto needed to figure out its go-to-market strategy.

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Q3 outlook forecasts cloudy days ahead for fintech M&A

TechCrunch

Bob Ruark, principal and banking and fintech strategy leader for KPMG US, noted that pricing is difficult now given the rapid decline in valuations. Aggregate deal volume fell 30.9%, to 1,442 from 2,087 in the first quarter, and deal value dropped 14.8%, to $163 billion from $191 billion. Well, that was fast! Guess we’ll see about that.