In this funding article, we are diving into new transactions and deals of the week. We look at AI, cloud management, blockchain, payment and expense management, buy-now-pay-later services, billing and subscription management, issuing banking and insurance, and more! Happy reading!

SambaNova Systems Raises $676M (€562M) in Series D, Valued at Over $5 Billion  (€4.16Bn) (Finsmes)

SambaNova Systems (Palo Alto, CA, US), a company building software, hardware and services to run AI applications, raised $676m (€562M) in Series D funding. The round was led by SoftBank Vision Fund 2 with participation from new investors Temasek and GIC, plus existing backers including funds and accounts managed by BlackRock, Intel Capital, GV (formerly Google Ventures), Walden International and WRVI. The company intends to use the funds to continue to expand its business reach and development efforts. Read more

Chargebee valued at $1.4bn (€1.1bn) in new $125M (€101M) fundraise (Techcrunch)

Chargebee (Walnut, CA, US), a recurring billing and subscription management tool provider, has raised $125 million (€101M) in its Series G financing round led by Sapphire Ventures and existing investors Tiger Global and Insight Venture Partners. The new financing round valued the company at $1.4 billion. Chargebee will deploy the fresh capital to expand its suite of products and work on new capabilities to help enterprises in even more ways. Read more

Druva Secures $147M (€122M) in Funding (Finsmes)

Druva Inc (Sunnyvale, California, US), a cloud data protection and management company, raised $147m (€122M) in funding. The round, which raised the company’s valuation above $2 billion (€1.67Bn), was led by Caisse de dépôt et placement du Québec (CDPQ), with participation from Neuberger Berman, and existing investors Viking Global Investors and Atreides Management. The company intends to use the funds to accelerate expansion of the platform. Read more

Zilch raises $80M (€66M) in Series B round (TechEU)

Zilch (London, UK), a fintech company which builds buy-now-pay-later products, has raised $80 million (€66M) in a Series B round. The round is backed by several investors including Gausee Ventures and M&F Fund. The capital will help fuel Zilch’s continued expansion in the UK as well as a market entry into the US. Additionally, the firm plans on adding 100 new hires. Read more

ConsenSys Raises $65M (€54M) (Consensys.net)

ConsenSys (Brooklyn, NY, US), an Ethereum software company, announced the final close of its $65M (€54M) formation round to accelerate the convergence of decentralized finance (DeFi) and Web3 applications on Ethereum with enterprise blockchain infrastructure. Investors of this round are J.P. Morgan, Mastercard, and UBS, Protocol Labs, the Maker Foundation, Fenbushi, The LAO, and Alameda Research. Additional investors include CMT Digital, Greater Bay Area Homeland Development Fund, SNZ Holding, NGC Ventures, Quotidian Ventures, and Liberty City Ventures. Read more

FintechOS bags $60M (€51M) in series B round (Techcrunch) 

FintechOS (London, UK), a computer software company that builds a low-code platform for banking and insurance companies, has raised €51 million in a Series B round of funding. The latest round of funding will help the company grow at the pace needed to improve outcomes for financial institutions and their customers globally. Read more

Alphabet’s CapitalG leads $40M (€33M) round in fintech Mantl (Techcrunch)

Mantl (New York, New York, US), a software provider for banks and credit unions, announced that it has raised $40 million (€33M) in a Series B round of funding led by Alphabet’s  and CapitalG. The financing brings Mantl’s total funding raised since inception to $60.7 million and included participation from D1 Capital Partners, BoxGroup and existing backers Point72 Ventures, Clocktower Technology Ventures and OldSlip Group. The company plans to use its new capital to do some hiring and expand its product offerings. Read more

Messaging app Wire raises $21M (€17M) ( (Techcrunch) 

Wire (Zug, Switzerland), an end-to-end encrypted messaging app and service, has raised a $21 million (€17M) Series B funding round led by UVC Partners. Wire has been focused on improving conference calls and real-time interactions. The company believes messaging apps and real-time collaboration apps are slowly converging. And the startup wants to offer a service that works well across various scenarios. Read more

Payhawk raises $20M (€17M) in a Series A funding round (UKtech.news)

Payhawk (Georgia, US), a fintech platform that unifies all company payments and expense management, secured $20 million (€17M) in a Series A funding round with participation from Klarna, Nubank, Earlybird Digital East and Eleven Ventures. The funds will let Payhawk expand its product offering further, add new payment products including credit cards, and support additional currencies with industry-leading FX rates. Read more

Cardlay secures €8M (TechEU)

Cardlay (Hovedstaden, Denmark), a fintech company which allows issuing banks and card issuers to capitalize digitally and globally, has secured €8 million in financing from newly minted Global PayTech Ventures. The funding is expected to fuel Cardlay’s next phase of expansion and cooperation with one of the world’s largest processing platforms. Read more

insureQ raises €5 million (€4.16M) in seed round (TechEU)

insureQ (Munich, Germany), a credit union-owned independent insurance agency, has raised €5 million (€4.16M) in a seed round led by Nauta Capital. The round also saw participation from existing investors Flash Ventures and Global Founders Capital. The fresh round of funding is expected to accelerate the company’s growth, enhance the product offering, and ultimately expand the existing partner network and SME segment it serves. Read more

Intrigue expands attack surface management with $2M (€1.67M) round (Venturebeat)

Intrigue.io (Austin, Texas, US), a security startup, has raised $2 million (€1.67M) from LiveOak Venture partners to accelerate product development for its attack surface management (ASM) platform. Intrigue.io developed an open source approach for discovering and investigating vulnerabilities across mobile, work-from-home, and cloud infrastructures. The new investment would help the company expand beyond existing integrations. Read more

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