Bessemer leads €30m round for Mambu

Acton Capital, CommerzVentures, Point Nine Capital and Runa Capital also took part in the financing.

The fresh capital will be used to triple the size of the company's staff and invest in product development.

Previous funding
Kizoo Technology Ventures backed Mambu's seed round in 2011 and subsequently joined an additional $2m round by Runa Capital along with Point Nine Capital in 2013.

All three investors returned a year later to invest a further €1.2m before being joined by Acton and CommerzVentures for another €8m financing in 2016.

Company
Founded in 2011 and based in Berlin, Mambu provides a software platform that enables banking providers to create, launch and service loan and deposit products. The company claims to work with more than 100 institutions in 30 countries worldwide, thereby servicing a portfolio of more than a million accounts.

People
Bessemer Venture Partners – Brian Feinstein (partner).
Mambu – Eugene Danilkis (CEO).

Advisers
Company – GP Bullhound (corporate finance).

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• Topics
• Expansion
• DACH
• Technology
• Germany
• Venture
• Bessemer Venture Partners